Ferrari and other manufacturers are committed to Formula One through 2020, but there has been speculation that Ferrari could leave due to F1's plan to increase standardization.
Ferrari president Sergio Marchionne has already complained about the new rules and guidelines for the sport for 2021 and beyond, and his complaints have led some to believe that Ferrari could back out of F1 after 2020.
However, FIA president Jean Todt, who was formerly the team principal for Ferrari in the early 2000s, said Ferrari or Mercedes' exit would be "painful" for Formula One. He said Ferrari has been a part of every Formula One season since the series began, and he doesn't want to see the manufacturer leave.
"I'm afraid to see Ferrari or Mercedes leaving," Todt said via Motorsport. "That is their choice.
"What is sure, is that we don't want anybody to leave, but of course, Ferrari is an iconic brand."
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But that's not all Todt had to say about Ferrari potentially leaving. While it obviously wouldn't be good for F1 if Ferrari left, he said it wouldn't be a good thing for Ferrari, either.
"But I am not sure it will be a good thing for Ferrari to leave Formula 1 because Ferrari is a unique brand - combined between racing and road car," he said.
"So I think it will be painful for Ferrari not to be in Formula 1. But that is not my responsibility."
It's unlikely Ferrari leaves F1, but if it does happen, it likely won't be a pretty split. The manufacturer has been a staple in F1 since the series began, and it would tough for the sport to overcome.
Again, it probably won't happen and the two sides have years to work things out. But it's something to keep an eye on in the future.