Ferrari sporting director Jean Todt has said compromise is the only way to meet the wishes of the sport's governing body, the FIA, in its quest to implement sweeping cost-cutting plans that were announced last week.

Although against the immediate removal of traction and launch control, Todt says Ferrari is willing to adopt the FIA's stance in the longer term. Meanwhile, the Formula 1 Technical Working Group will meet again imminently after an unsuccessful first meeting last Friday, when McLaren is understood to have blocked all moves to ban electronic driver aids.

"We have three alternatives," said Todt. "Either we discard everything, we reject it and we start a fight which could go in the interest or no one, or we accept everything but this is also not possible. Then there is the possibility that we should try to accept what is possible, and I think that this is the most correct solution and surely this is going to be Ferrari's position."

Todt argued that the immediate implementation of all the FIA's plans would cause costs to rise, rather than fall, but applauded its decision to effectively ban qualifying engines.

"Should we start the season without being able to use the telemetry, this would entail higher costs because we are going to organise ourselves so as to analyse our data without having what we are using today," he said. "This means that we have to make some changes, and every change leads to an increase in cost.

"As for the use of engines, this is going to cut down on costs, because we are going to have only two power units to use for the weekend instead of changing it three times. This is also the same for the T-car, so this should entail a cost reduction," he added.