Ferrari reveal their Indycar future, jobs will be lost…

To cope with the budget cap and the resulting reduction in employees, Ferrari had explained that it was considering committing to another programme, with the WEC or IndyCar as options.

The latter possibility was swept aside by Mattia Binotto, who revealed that the American single-seater car championship was no longer in the plans of the Prancing Horse.

 

The exceptional financial results of Ferrari in 2020, despite Covid-19, suggested that the sports programme would be expanded in the years to come. No IndyCar therefore, but the question still arises for the WEC.

“After our discussions, we have come to the conclusion that we will not engage in IndyCar racing in the coming years,” Binotto confirmed to Speed Week. This seems to go against the previous thinking back in May last year where Binotto said that:

“As Ferrari, we feel a strong social responsibility towards our employees and are concerned about their future,” said Binotto.

“That is why we are also looking for alternatives to Formula One, such as IndyCar”

 

The director of the Scuderia doesn’t seem to envisage a programme elsewhere, which raises the question of the employees concerned by the budget cap:

“It would be possible in the medium and long term, but today we want to concentrate on our investments in Formula 1”.

If this is the case, almost certainly Ferrari will be looking to make redundancies to meet the budget restrictions coming into the sport.

 

 

One response to “Ferrari reveal their Indycar future, jobs will be lost…

  1. Pingback: "We are also looking for alternatives to Formula 1"- Ferrari takes back words; want to invest elsewhere for job securities | The SportsRush·

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