After their a most horrible F1 season in over two-decades, there is worrying updates coming from Italian outfit ahead of their 2015 campaign.
But Ferrari president Sergio Marchionne believes that his team can still claw their way back towards the front of the field, aided by the rules loophole that will allow teams to improve their engines during the season.
“We’re starting the season a bit late because the design of the new car was started late,” said Marchionne, speaking at the Automotive News World Congress in Detroit.
“But we don’t have to freeze the engine by the first race, so it will be a very interesting season.
“I think the car will get better as we go through the year.”
Marchionne also believes that in new team principal Maurizio Arrivabene and technical director James Allison, Ferrari has exactly what it needs to move forward.
“We have a new guy, a team principal, who has been involved in racing a long part of his professional life – Maurizio Arrivabene. And he’s busy now.
“We’ve got a technical guy, Allison, who’s taking over the technical side of the business. So we’ve got the team.”
Speaking about why previous Ferrari chairman Luca di Montezemolo left, Marchionne said: “It was time for a change.
“I think Luca has done a great job of leading that business for 23 years, but we hadn’t won an F1 championship since 2008.
“We had a disaster of a season in 2014, and I think organisations tend to get lazy. So it was time to bring about some change.
“On the road car side, [the business] is doing tremendously well, but at the heart of the success of Ferrari is what it does on the Formula 1 track.
“And if it doesn’t get that right, if it doesn’t fight properly, then I think it will ultimately impact on brand. So we had to intervene.”
Ferrari’s 2015 F1 challenger is slated to be revealed on January 30 in a launch that will be streamed online at Ferrari’s website.