The deadline to lodge an appeal against the decision not to review the penalty that dropped the German from third place to fifth in Mexico expired on Tuesday night at midnight.

Ferrari announced on Thursday that it had requested a review of the penalty, saying that “new elements have come to light”, but this was rejected by the Mexican GP race stewards in a teleconference at Interlagos on Friday.

Having then gave notice of its intention to appeal the decision the following day, Motorsport.com understands that the Scuderia has now effectively decided to drop the matter.

Ferrari is not expected to make any more statements on the subject. Final confirmation that the saga is over will come from the FIA, if at all.

The news comes on the same day as the F1 Strategy Group meeting in Geneva, at which Bernie Ecclestone will attempt to convince the sport’s other stakeholders to reduce the level of regulations surrounding driving offences.