Sergio Marchionne: 'Ferrari must close gap quickly'

Ferrari president Sergio Marchionne has said that he is sure the Maranello team will bounce back from its current dip.

Although Mercedes's closest challenger in 2016, Ferrari has been struck by reliability and race incidents, including Sebastian Vettel's push into the Sochi barrier by Daniil Kvyat on Sunday.

Not only that, the qualifying gap between the fastest Mercedes and Ferrari in Russia was close to a second.

"Yesterday was a bad day," Marchionne said in Turin at the presentation of a new Fiat model, "and we must close the gap at the speed of light.

"I am used to seeing the Ferrari of Schumacher so it hurts my soul to see a Ferrari that suffers. But I have the utmost confidence in the team that we will succeed."

The season continues with the Spanish Grand Prix on May 15.