Ferrari pleased with Toro Rosso deal.

Newly appointed CEO Jean Todt says he is happy to be entering a new partnership with Scuderia Toro Rosso after confirmation that the Italian team will use Ferrari engines in Formula One from next season.

Ferrari were initially due to supply Red Bull Racing in the second year of a two year deal, but with the team looking to take an alternative option for the new season and agreeing a deal with Renault, the engine supply agreement with the Scuderia was terminated by mutual consent.

As a result, Red Bulls second team Toro Rosso will now take on the supply of customer engines in a two year deal starting in 2007, with the option to be extended for a further championship year.

"We are pleased to be embarking on a new long-term relationship with Scuderia Toro Rosso," Todt said. "It will allow us to strengthen our ties with the world of Italian motor sport and also to work with a team run by Gerhard Berger, our former driver and friend of Ferrari."

Should Vitantonio Liuzzi retain his drive with Toro Rosso for a second season, it would give Italian fans reason to cheer - with an Italian driver in an Italian team running under Ferrari power.

Spyker MF1 Racing will also use the Ferrari V8 engine in 2007.