Overview

• Ferrari remains winless in 2025 and sits third after Singapore, trailing Mercedes by 27 points in the constructors’ race with Red Bull closing in.
• Chairman John Elkann and CEO Benedetto Vigna vowed to restore success, declaring the team must win in F1, as the stock fell about 15% on the NYSE after Capital Markets Day.
• Italian reports described engineers frustrated by Charles Leclerc’s blunt assessments and a heated exchange involving Frédéric Vasseur, while Lewis Hamilton said the squad is “more united than ever.”
• With no further upgrades expected this season, Ferrari is redirecting resources toward its 2026 package under the incoming regulations.
• Driver and leadership chatter grew louder, with Leclerc’s manager Nicolas Todt predicting a “very hot” 2027 market and separate media rumors linking John Elkann’s interest in Christian Horner to scrutiny on Vasseur.