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Ferrari Doubles Down on F1 Win Mandate as Market Selloff, Garage Friction Raise Stakes

Ferrari’s leaders used Capital Markets Day to tie the brand’s identity to winning again in Formula 1.

Overview

  • CEO Benedetto Vigna and chairman John Elkann publicly reaffirmed a commitment to end Ferrari’s F1 title drought, citing recent Le Mans success as the benchmark to emulate.
  • Ferrari shares fell about 15% in New York and more than 14% in Milan following guidance that underwhelmed investors, marking the company’s worst single-day drop since its listings.
  • Reports from Italian media relayed that engineers were unhappy with Charles Leclerc’s blunt assessment of the SF-25 and described an alleged heated exchange between Fred Vasseur and a senior engineer.
  • Lewis Hamilton defended team unity and Vasseur’s leadership despite on-track struggles, as Ferrari remains winless with Leclerc taking five podiums and Hamilton still without a full Grand Prix podium.
  • Fresh speculation links Christian Horner to Ferrari as a potential alternative to Vasseur, and manager Nicolas Todt suggested Leclerc could reassess his options around the 2027 driver market.