"Remember, it was a meeting in Paris about the Concorde Agreement with the commercial rights holders and all the teams there and that was the position for Ferrari to get the veto. They can do what they want", said Todt. But personally, I feel now I am not in favor of that. "[Ferrari] was the only team supplying engine and chassis against some other teams that were all powered by Ford".
"So at this time, it was decided that being away from what is called the silicon valley of motorsport, they needed to have a protection. That is the story about the veto".
Todt also reiterated his stance that the last time the veto was granted to Ferrari - as part of bilateral agreements that were agreed for the 2013-2021 period - he was "the only one against" it.
The veto tweak involved Ferrari only being allowed to block rules if it could prove that they were against the team's best interests.
"So it would have been inappropriate for me alone to say that I am against the veto right to Ferrari".
Todt said the halo has been introduced to save lives and pointed to a letter from the Grand Prix Drivers' Association that pushed for such a device. "They are interested to come in but they want to know what the rules of the game are. As soon as we can do it, we will do it".
"They may leave - and honestly, that is their choice", shrugged Todt.
"Definitely I hope they will not leave".
"We've also tightened up the engine rules in Article 5 of the technical regulations, and we've also routed the breather that can no longer go back into the air intake which was the biggest issue. But again, it is their choice".
While he's against Ferrari's veto, Todt said he had no objections to Ferrari getting a bigger slice of the sport's revenue than other teams.
"For me, is it normal that Leonardo DiCaprio gets more money than a TV series actor? So, you better not mess with him". And we've told them they can't use more than 0.6 litres per 100 km. "Now they get more money with among the best results, so it makes sense".
"It should be at least equal and even should be revenue - business revenue". "That would be much more healthy than what it has been over the years".
Whiting admitted there was a "difficulty" in checking how much oil teams were using in qualifying, but he is "confident that we can" effectively police it.
"It is not acceptable to have the pinnacle of motor sport where 60-70 percent of the field are struggling to survive".