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Spyker MF1 get Ferrari power for 2007 30 Sep 2006

Tiago Monteiro (POR) Spyker MF1 Racing M16.
Formula One World Championship, Rd 16, Chinese Grand Prix, Qualifying Day, Shanghai International Circuit, Shanghai, China, 30 September 2006

Spyker MF1 have secured an engine agreement with Ferrari for next season. Under the new deal, Ferrari will supply its V8 engines to the Dutch team, as well as the required technical assistance to run them in all races and tests.

“It has been an agonising wait for this decision but I think it reflects the new found stature of our team under the Spyker ownership,” said team boss Colin Kolles. “The most important element for our technical team is that for the first time in many years they have long-term stability which is something which has hurt our design process in recent years. There is a lot of work to do before we get running in early 2007 but we all love a challenge!”

Spyker CEO Victor Muller added: "To reach agreement with the number one name in the Formula One world for over 50 years is a milestone in the history of our company. I am convinced that the co-operation of Spyker MF1 Team with Ferrari and its dedicated staff will bear fruit for the 2007 season. Mike Gascoyne`s input as Chief Technology Officer, effective November 1, 2006, leads me to believe that Spyker will become a serious contender in the F1 seasons to come."

Spyker MF1 are currently running the Toyota engines they inherited as part of their Midland team purchase. The Ferrari deal is bad news for Cosworth, who now look unlikely to feature on the 2007 grid.