Ferrari ‘not competitive in F1, says chairman Elkann

Ferrari ‘not competitive in F1, says chairman Elkann”

Ferrari (NYSE:RACE) Chairman John Elkann does not expect The Scuderia to be back to winning ways in F1 until Y 2022, as he asked for patience from the team's "suffering" fans.

Ferrari recently announced a technical team shake-up, which includes the creation of a Performance Development department.

"The civil commitment he is carrying out is important and dear to us", said Elkann, who succeeded Sergio Marchionne as chairman of Ferrari in 2018.

Speaking in a rare interview with Italy's Gazzetta dello Sport, Elkann called for patience from fans of the Scuderia, while he also expressed "total trust" in team principal Mattia Binotto.

They won five consecutive driver's championships from 2000 to 2004 while they won six constructor's championships on the trot from 1999 to 2004.

"This year we are not competitive thanks to project errors", he said. We have had a number of structural weaknesses that have long existed in aerodynamics and vehicle dynamics. We also lost power at the engine level, "added Elkann, who recognized that these weak points will continue to be seen in the next races".

"The reality is that Ferrari is not competitive". We've seen that on the track and will continue to do so. We'll provide our all in the last months of 2020 and in 2021 to return to being competitive in 2022; that's the objective. "Also because Mattia Binotto, who has been at the helm for a year, has all the competencies and characteristics to start off a new winning cycle". "We know our weaknesses, we want to go further and start winning again with young and ambitious drivers".

More news: Sergio Perez coronavirus: How long is he out and who's replacing him?

He said: "In the past 10 years we have had champions such as [Fernando] Alonso and Vettel, who have been world champions".

"But it is undoubtedly more hard to rebuild a cycle and ask for patience from those who have already won compared to those who have the future ahead of them".

Elkann also defended the decision not to offer a new contract to Vettel and to build around Leclerc and Carlos Sainz Jr, who will arrive in 2021, saying that "the new auto will be born with them".

But the "new machine" won't see the light of day until 2022, which implies another season of struggles for Ferrari in 2021. The target is to start a new cycle in 2022 when the rules will have changed.

Although Elkann confesses the hold-up to the brand-new guidelines "penalises Ferrari a lot" offered their present circumstance, they accepted both the deferment and a lowered budget plan cap as they invite the "challenge" of a more competitive F1. Our engineers, our mechanics and our drivers will find strength and creativity within those bonds to bring Ferrari back up. "This is why it is important to be clear and honest with them". There's a long roadway ahead of us.

"When Todt and Schumi began a historic cycle at the end of the 1990s, it followed a 20-year fast that had lasted since 1979".

"Ferrari aren't competitive at the moment. The important thing is to work within and outside of the track, to bring cohesion and stability, build the Ferrari that we want to step-by-step".

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