Fiat managing director and Ferrari president Sergio Marchionne has toned down his bluster wit regards to the expectations he has for his team and toning down his expectations for next season.
Speaking on the occasion of the publication of Ferrari’s quarterly figures, he said, “The goal is to be competitive again in 2017. We are not satisfied with the results, but we want to end the season as well as possible.”
A modest statement says a great deal about the situation that Ferrari are in currently. They have yet to win a race this season and are unlikely to do so despite the early season rhetoric and expectations from Marchionne.
The Reds have not been victorious for 25 races and Marcionne was forced to confess in September, “There is nothing to gloss over – we missed our targets for the 2016 season. I think we have started well in Australia, since we were not far from Mercedes, but then we could not as hoped, the development was too little. ”
On the business front Ferrari are thriving according to third quarter figures presented by Marchionne: between June and September sales of €783 million (8.3 percent growth), with a net profit of €113 million (20 percent growth). An annual turnover of more than €850 million is the target.
At Monza earlier this year, Marchionne conceded, “Maybe we waited too long to transfer our technical management to Mattia Binotto. However, we are now better positioned for the future, great developments have been launched and I have every confidence in my team that we will make 2017 better. We will see the real Ferrari then.”
Read the full story at GRAND PRIX 247
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