Ferrari CEO Benedetto Vigna has stated that the brand’s goal is to return to winning ways in Formula 1 amid another challenging campaign in 2025.
Ferrari discussed various financial targets and goals on Thursday at its Capital Markets Day – an opportunity for the organisation to outline its long-term strategies.
One of the most significant areas for the Italian marque is its participation and subsequent success, or lack thereof, in F1 and motorsport as a whole.
Yet, in recent years, titles have been nonexistent in F1, with even wins coming sparingly.
The closest Ferrari has come to winning a championship since 2008 came last season, when the team propped up 14 points behind eventual champions McLaren.
Ferrari has been unable to build on that close call in the current campaign, languishing third in the Constructors’ Championship and without a win with six races to go.
“Last time we made a commitment to win in the races,” said Vigna.
“We succeeded with the 499P in endurance, but in Formula 1, we have to improve. We have to win, We owe it to our loyal fans all over the world.”
It wasn’t just Vigna who spoke about the troubles the brand was facing in F1. John Elkann, the chairman of Ferrari, also spoke.
“Ferrari is unique and is in three dimensions: tradition, technology and racing,” he added.
“The perfect combination of these three souls defines Ferrari. Racing, a story that began on the track almost 100 years ago, defines who we are. I want to be clear: this is a personal matter.
“My commitment is as president, as a majority shareholder, and above all as a person who has lived Ferrari as a lifelong passion.
“I am committed to ensuring that every decision we make can strengthen the uniqueness of Ferrari.
“I am committed to our people, whose talent and dedication are the greatest guarantee for our future.”
Ferrari chairman committed to the brand
There are talks of Charles Leclerc exploring other options on the grid from 2026 onward, if Ferrari is unable to fight at the front under the new regulations.
Elkann concurred that Ferrari hopes to replicate the success it has found in endurance racing and give Leclerc and Lewis Hamilton a car to be at the front.
“I am committed to our beloved Ferrari drivers, who entrust us with their dreams.
“And I am committed to our loyal fans, eager to see us win in F1, as we are winning in Endurance. And it is with pride that we took home the Le Mans trophy after three consecutive victories.”
“So I think this is something that the market got here. I think that also people realise opportunities, but we also have to be prudent in applying those opportunities.”
Notably, Ferrari faced a significant drop in share price, suffering its worst day in European and US trading.
On the New York Stock Exchange, the share price dropped 15 per cent, the most significant single-day decline since its introduction to the exchange.
It left a sour taste to the day despite is focus on the future and introduction of its electric car, which is due to be released next year.
“People were expecting a higher top line, this is clear,” added Vigna, as Ferrari held a press conference in response to the news.
“But I think it’s important that we execute what we say. We cannot commit to something that we are not able to do.
“So I think this is something that the market got here. I think that also people realise opportunities, but we also have to be prudent in applying those opportunities.”
READ MORE – Why Lewis Hamilton thinks Ferrari is ‘more united than ever’ despite F1 2025 woes
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