Ferrari hand Vasseur new multi-year contract to continue as Team Principal

Ferrari have handed their Team Principal Fred Vasseur a multi-year contract, which the team say "reflects Ferrari's determination to build on the foundation laid so far".

Vasseur joined the Italian squad ahead of the 2023 Formula 1 season and, under his watch, the team challenged McLaren for the 2024 Teams' Championship until the last race before finishing just 14 points behind the champions.

While they trail McLaren by a mammoth 268 points as the sport approaches the summer break this year, Ferrari are still P2 in the Teams' Championship, fending off rivals Mercedes and Red Bull.

[www.formula1.com]

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