McLaren have been stripped of their points in the 2007 Formula One constructors' championship after the outcome of the 'spygate' row.
The team was also fined a record $100m (£49.2m), which includes any prize and television money they would have earned from the constructors' championship.
But drivers Lewis Hamilton and Fernando Alonso can keep their points.
The team must also prove there is no Ferrari 'intellectual property' in their cars next year before racing.
The decision means Ferrari, who are currently second in the constructors' championship, 57 points ahead of third-placed BMW Sauber are almost certain to be crowned champions.
When he left the hearing, FIA president Max Mosley was asked if justice had been done, and replied "Yes."
McLaren team chief Ron Dennis is due to give his reaction to the verdict at a 1915 BST news conference.