Last season McLaren was fined $100 million by the International Automobile Federation (FIA), the sport’s governing body, and stripped of all constructors' points after being found guilty of possessing Ferrari secrets.
Ferrari also started legal action against Ferrari and former employee Nigel Stepney, who was accused of passing the information to McLaren and attempted sabotage of Ferrari cars. Ferrari will now only pursue action against Stepney. In a statement to the press, Ferrari said: “Ferrari acknowledges McLaren's reiterated apology for the well-known events which occurred during the 2007 F1 championship.
“In the best interests of Formula One and taking into account the formal closure in December 2007 of the FIA and FIA World Motor Sport Council proceedings against McLaren, it confirms that it has accepted to put an end to all outstanding controversies between the two teams.
"Ferrari will donate to charity the concluding payment received from McLaren. Ferrari will pursue its claims against Nigel Stepney in connection with the matter".
In a separate statement McLaren said that they had agreed to reimburse the costs incurred by Ferrari relating to these matters and a concluding payment. No financial details were released.
