After a decade-long title drought, Sebastian Vettel is leading the world championship following the opening four rounds of 2017 Formula 1 world championship.
“We have made significant progress,” Marchionne is quoted by Italian media, including La Repubblica newspaper.
“Some would call our recovery miraculous compared to 2016,” he added.
“Ferrari is competitive once again and feared by our adversaries in Stuttgart,” he said, clearly referring to Mercedes.
Barcelona boost for Red Bull – Vettel
Four-time world champion and title leader Vettel has tipped his old team Red Bull to return to the top in Formula 1.
Following the opening four ‘flyaway’ races, it is rumoured that a ‘B’ car in the works by Red Bull could be up to a full second per lap quicker for Barcelona.
“I think [Spain] will be a very close race between Mercedes and us, and I also hope that Red Bull find some pace,” said Vettel, who won all four of his titles for the energy drink-owned team.
“There’s a lot of rumours around. They are a strong team, they know how to build a quick car so I expect it’s a question of when rather than if.”
Red Bull are currently in third position in the standings with 57 points to second-placed Ferrari’s 135.