McLaren and Ferrari have both issued statements this morning, which bring an end to the spy saga that dominated the 2007 Formula One World Championship.

Although the saga was formerly brought to an end by the FIA in December, following McLaren's apology, certain aspects have rumbled on. Today's statements indicate that the matter is now at an end, though Ferrari is pursuing its claim against Nigel Stepney.

McLaren's statement read as follows:

!In light of the formal closure in December 2007 of the FIA and FIA World Motor Sport Council proceedings against McLaren, and of McLaren's public apology to Ferrari which we have reiterated, Ferrari and McLaren have agreed to bring the various disputes between them in relation to this matter to a final conclusion," said a statement from McLaren.

McLaren have also agreed to the reimbursement of Ferrari's costs and expenses relating to these matters and a concluding payment."

While Ferrari's read:

"Ferrari acknowledges McLaren's reiterated apology for the well known events which occurred during the 2007 F1 Championship and, in the best interests of Formula 1 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."