Mattia Binotto has resigned as team principal of Ferrari effective at the end of the year.

Ferrari has begun its search to replace its outbound manager but says it doesn’t expect to confirm a new appointment until next year.

“With the regret that this entails, I have decided to conclude my collaboration with Ferrari,” Binotto said in a statement. “I am leaving a company that I love, which I have been part of for 28 years, with the serenity that comes from the conviction that I have made every effort to achieve the objectives set.

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Mattia Binotto has resigned as team principal of Ferrari effective at the end of the year.

Ferrari has begun its search to replace its outbound manager but says it doesn’t expect to confirm a new appointment until next year.

“With the regret that this entails, I have decided to conclude my collaboration with Ferrari,” Binotto said in a statement. “I am leaving a company that I love, which I have been part of for 28 years, with the serenity that comes from the conviction that I have made every effort to achieve the objectives set.”

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Ferrari has denied it will sack Mattia Binotto at the end of the year despite numerous reports in the Italian media that the team principal is set for the chopping block.

Both the prestigious Gazzetta dello Sport, Italy’s most widely read sports paper, and the Italian edition of Motorsport have reported Ferrari will call time on Binotto’s career after the season-ending Abu Dhabi Grand Prix this weekend.

The team released a short statement overnight describing the reports as being “totally without foundation”.

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Ferrari boss Mattia Binotto says Formula 1 must work more closely with its new race directors to accelerate their improvement after they were parachuted into the role at the start of the season.

Eduardo Freitas and Niels Wittich are sharing the race directorship this year after the FIA restructured race control in the wake of the 2021 Abu Dhabi Grand Prix scandal that saw the world title decided after some controversial decisions from then race boss Michael Masi.

An internal investigation found Masi was overworked in the role and lacked support. Doubling up the number of race directors is one of the governing body’s responses to the findings.

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Ferrari principal Mattia Binotto has admitted Mercedes has the quicker car after his team slumped to its fourth straight loss at the hands of the Silver Arrows.

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Mercedes has been Formula One’s dominant force for five long years, but that could all be about to change in 2019.