Ferrari make team principal announcement ahead of Hungarian GP

 Fred Vasseur, Ferrari's Team Principal, has signed a new multi-year contract to remain in charge of the Formula 1 team.

This contract extension comes despite Ferrari's ongoing winless run in Formula 1, with their last Grand Prix victory recorded in Mexico City last year.

Neither Lewis Hamilton nor Charles Leclerc has secured a win for Ferrari in the current campaign, and both drivers have struggled to maximise their car's performance.

Ferrari expressed strong confidence in Vasseur's leadership, highlighting his ability to lead under pressure, embrace innovation, and pursue performance.

The team's statement confirmed the multi-year agreement, noting Vasseur's role in laying a solid foundation since joining in early 2023 with the ambition of returning Ferrari to the top.