Tag: Sergio Marchionne

  • F1 2017: Chinese Gp Review – Hamilton Wins For Mercedes In China

    F1 2017: Chinese Gp Review – Hamilton Wins For Mercedes In China

    Just about the only thing that was predictable for the 14th running of the Chinese grand prix is that Lewis Hamilton started from pole position alongside the Ferrari of Sebastian Vettel while Valtteri Bottas and Kimi Raikkonen locked out the second row of the grid.

    Friday’s running at the Shanghai International Circuit was abandoned due to weather conditions prohibiting the medical helicopter from landing at the designated hospital in Shanghai. It meant that teams and drivers entered into Sunday’s race with only the data and knowledge of the one-hour final practice session and whatever number of laps they completed in qualifying.

    The weather conditions on Sunday were best described as dank as the field started the race on intermediate tyres. The only exception to this was Carlos Sainz in the Toro Rosso who opted to start the race on the dry, supersoft tyre, much to this dismay of his engineers. While the circuit was wet in some parts it was drying quickly in others and the intermediates were discarded within four laps.

    1310A virtual safety car was deployed for the recovery of Lance Stroll’s Williams, which had been dumped off the circuit by Sergio Perez. It is at this point that Ferrari decided to call Sebastian Vettel into the pits for a change of boots. Unfortunately, a full safety car would be deployed shortly after to clear the heavily damaged Sauber of Antonio Giovinazzi. This afforded race leader Hamilton a free pitstop while Vettel was stuck behind a Verstappen/Ricciardo/Raikkonen train.

    While Vettel launched a bid for recovery, Hamilton was comfortable at the front and without any real pressure, he could control his pace. The cooler temperatures also played into Mercedes’ hand as it means less tyre degradation.

    Despite finishing second to Hamilton, Vettel delivered a telling performance in the Ferrari. Take into account that Hamilton had a free pitstop under the safety car, and factor in that Vettel lost a good amount of time behind the Ricciardo train. The fact that he finished only six seconds off Hamilton indicates that Ferrari had a car that could’ve won the race.

    1309Meanwhile, Max Verstappen brilliantly recovered his race and went from sixteenth to finish third ahead of teammate Daniel Ricciardo in fourth. The sister Ferrari of Kimi Raikkonen finished in a frustrated fifth. While the Finn struggled through the race with an intermittent power issue, the Ferrari pit wall compounded his frustration by calling an absurd strategy. Their inexplicable decision left Raikkonen out while all the front-running drivers made their stops while the driver was adamant that the tyres would not make it to the end of the race. From the radio messages, it was clear that Raikkonen had to force the issue and he eventually pitted, what was ten laps too late.

    There weren’t a high a number of overtakes in this year’s race but what we did see were several pretty spectacular overtakes. There were two from Vettel, one on his own teammate, and one around the outside of Daniel Ricciardo. There were several from Max Verstappen too and an especially spicy one from Romain Grosjean around the outside of turn two on Felipe Massa. The point is that while there weren’t a 100 passes, there were genuine and very bold overtakes that came about as a result of some driver heroics instead of being aided by DRS.

    1323While conditions flattered Red Bull on the day Valtteri Bottas did not cover himself in glory as he spun out of contention early on. The Finn eventually finished sixth. Sainz, who had started the race on supersofts, drove brilliantly to recover from an early spin and finish a spectacular seventh. Kevin Magnussen delivered Haas’ first points of the season in eighth ahead of the two Force India’s of Sergio Perez and Esteban Ocon in ninth and tenth.

    Neither McLaren saw the chequered flag as first Stoffel Vandoorne retired with a fuel-pressure issue and later Fernando Alonso pulled off the track with a driveshaft failure.

    Lewis Hamilton and Sebastian Vettel head to the Bahrain Gp this weekend equal on 43 points. The hotter temperatures in Bahrain will boost Ferrari’s challenge in what is sure to be an enthralling battle with Mercedes.

  • Alonso angered by Italian media reports on Vettel seat swap

    Alonso angered by Italian media reports on Vettel seat swap

    Ferrari driver Fernando Alonso has criticised the Italian media over the rumours suggesting that he may swap places with Red Bull’s Sebastian Vettel in 2015.

    The Maranello team are still dealing with the departure of Luca di Montezemolo and speculation around Alonso’s future just seems to have increased. Alonso, who has a contract with Ferrari until the end of 2016, has had to consistently deny reports in the media that he is set to leave the team and believes that these persistent rumours are hurting the atmosphere at Ferrari.

    It was clear that Alonso was growing very tired of having to answer the same old questions and seemed to lose his cool this time around letting out a little snap at the media, “I’ve been commenting about my future for about thirteen months I think, from last year in August, so I have nothing new to say.”

    “Sometimes it’s sad when it comes from Italy and they create for some strange purpose these rumours, which are not helping Ferrari,” he continued.

    “That’s why we are all here and Ferrari is a much bigger brand than any individual one of us or Formula One in general.

    “I respect a lot Ferrari and I try to create a good atmosphere by going out to dinner, playing basketball, playing poker and whatever to have a united team.

    “It’s what we need and what we expect from us. When all these things come in from Italy it is not really clear what is the purpose, and if we know the purpose one day I will tell.”

    Alonso closed by paying tribute to Luca di Montezemolo who is leaving the team next month after spending 23 years steering the red ship. He will be replaced by Sergio Marchionne, head of the Fiat group which owns Ferrari.

    “He was our leader for many years and it was a great time for Ferrari,” Alonso explained. “I wish him good luck with new projects and for the new President, I wish him good luck for hopefully a very successful future.”

    Photo Credit: Scuderia Ferrari

     

  • Di Montezemolo to Step Down From His Role as Ferrari Chairman

    Di Montezemolo to Step Down From His Role as Ferrari Chairman

    Luca Di Montezemolo announced on Wednesday morning that he will be stepping down from his position as Ferrari Chairman ending days of speculation about his future.

    We reported a few weeks ago that there were plans for Di Montezemolo to leave Ferrari and take up a position at Alitalia. But this was rejected outright by the Italian. Speculation intensified at the Italian Grand Prix about his future but he insisted that he was not going anywhere. Doubts about his future were again put into focus when Fiat CEO Sergio Marchionne deemed the Ferrari Formula 1 teams’ performance as “unacceptable”.

    His announcement was made the day before a Ferrari board meeting on Thursday.

    “Ferrari will have an important role to play within the FCA Group in the upcoming flotation on Wall Street. This will open up a new and different phase which I feel should be spearheaded by the CEO of the Group,” said Di Montezemolo

    “This is the end of an era and so I have decided to leave my position as Chairman after almost 23 marvellous and unforgettable years in addition to those spent at Enzo Ferrari’s side in the 1970s, he added”

    Presentazione FIAT 500“My thanks, first and foremost, to the exceptional Ferrari women and men from the factory, the offices, the race tracks and the markets across the world. They were the real architects of the company’s spectacular growth, its many unforgettable victories and its transformation into one of the world’s strongest brands.

    A warm farewell and my thanks also to all of our technical and commercial partners, our dealers across the globe and, most particularly, the clients and collectors whose passion I so wholeheartedly share.

    But my thoughts go also to our fans who have always supported us with great enthusiasm especially through the Scuderia’s most difficult moments.

    Ferrari is the most wonderful company in the world. It has been a great privilege and honour to have been its leader. I devoted all of my enthusiasm and commitment to it over the years. Together with my family, it was, and continues to be, the most important thing in my life.

    I wish the shareholders, particularly Piero Ferrari who has always been by my side, and everyone in the Company the many more years of success that Ferrari deserves.”

    Marchionne will take up the role as Ferrari Chairman. In the mean time, Di Montezemolo will stay on as chairman until the new Fiat Chrysler Automobiles company floatation on the New York Stock exchange which takes place on 13 October 2014.