MX23RW : Wednesday, December 11 11:54:24| >> :600:99226:99226:

Ferrari CEO announces bigger F1 budget for 2019

Ferrari CEO announces bigger F1 budget for 2019
© Reuters
Ferrari will boost its 2019 budget in a bid to finally beat Mercedes to a world championship this decade.

Ferrari will boost its 2019 budget in a bid to finally beat Mercedes to a world championship this decade.

The fabled Italian team challenged hard in 2018, but team and driver mistakes ultimately meant Mercedes won its fifth consecutive drivers' and constructors' titles.

During the course of 2018, Ferrari president Sergio Marchionne died, and CEO Louis Camilleri took over.

Camilleri said this week: "In 2018 we achieved our best result since we last won the championship, and for 2019 the goal is to win.

"I repeat that in 2019 our goal is the world championship title, so there will be an increase in investment to reach that goal," he added.

Italian media estimates put Ferrari's 2018 budget at about EUR 430 million, some EUR 20m shy of Mercedes.

ID:348962: cacheID:348962:1false2false3false:QQ:: from db desktop :LenBod:restore:1540:
Written by
GMM F1
Restore Data
Share this article now:
Toto Wolff pictured on December 7, 2018
Read Next:
2019 champion team 'up in the air' - Wolff
>
Read more about Mercedes Ferrari Formula 1
rhs 2.0


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!