Sergio Marchionne insists he "never" said Ferrari would quit Formula 1 at the end of 2020 – but they will if he's not happy with the new-look F1.
Formula 1 is currently debating the way forward for the sport with Liberty Media seemingly wanting different things to some of the teams, namely Ferrari and Mercedes.
This led Marchionne to warn that the Scuderia would walk away from the sport if "we change the sandbox to the point where it becomes an unrecognisable sandbox."
He has now clarified his comments.
The 65-year-old told Autoweek: "I never said that the Ferrari team will leave Formula One at the end of 2020, but that we will do that if we can not settle our differences.
"We are longer than any other racing team in Formula 1. We understand the sport.
"It's hard to imagine Formula One without Ferrari, so I hope we can leave that behind.
"We are in dialogue with Liberty Media and I am hopeful that we will take a step forward.
"If we do not succeed, you will surely hear about it."