Ferrari boost 2019 budget in bid to topple Mercedes

Matthew Scott Friday 1 February 2019 12:16

Ferrari boost 2019 budget in bid to topple Mercedes

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.

Article continues under video

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."

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

The Silver Arrows have swept F1 since the dawning of the V6 Hybrid era, winning the drivers' and constructors' championship each year since 2014.

That run of five straight doubles matches a record set by Ferrari and Michael Schumacher between 2000-2004. The Silver Arrows will hope to match Ferrari's record of consecutive constructors' titles this year, with the Scuderia having won the team championship in 1999 as well.

Hamilton's title triumph in 2018 leaves him with five drivers' crowns, with only Schumacher now ahead of him on seven. The Brit is also closing in on Schumacher's record of race wins (73 – 91)

MORE: Why Hamilton doesn't care about Schumacher's records
VIDEO: Hear Ferrari start 2019 F1 car for first time!

Latest News

Brazilian Grand Prix

F1 team confirm driver lineup change ahead of Brazilian GP

29 minutes ago

Brazilian GP Sprint

F1 Sprint Race Today: Brazilian Grand Prix 2024 start times, schedule and TV

1 hour ago

Brazilian Grand Prix

Horner confirms IMMEDIATE Perez change for Brazilian GP

2 hours ago

Brazilian Grand Prix

F1 2024 Brazilian Grand Prix Sprint Race starting grid with penalties applied

3 hours ago

F1 Today

F1 News Today: Verstappen hit with NEW FIA penalty as Red Bull announce Perez change

Today 05:57

Brazilian Grand Prix Sprint Qualifying

F1 Sprint Qualifying Results: SHOCK driver takes pole as Verstappen thrashed at Brazilian GP

Yesterday 20:22

More news

F1 Race Calendar 2024

GP ITALY 17 - 19 May

Max Verstappen

GP MONACO 24 - 26 May

GP AUSTRIA 28 - 30 Jun

George Russell

GP GREAT BRITAIN 5 - 7 Jul

Lewis Hamilton

GP HUNGARY 19 - 21 Jul

Oscar Piastri

GP BELGIUM 26 - 28 Jul

Lewis Hamilton

GP NETHERLANDS 23 - 25 Aug

Lando Norris

GP ITALY 30 Aug - 1 Sep

Charles Leclerc

GP AZERBAIJAN 13 - 15 Sep

Oscar Piastri

GP SINGAPORE 20 - 22 Sep

Lando Norris

GP USA 18 - 20 Oct

Charles Leclerc

GP MEXICO 25 - 27 Oct

Carlos Sainz

GP BRAZIL 1 - 3 Nov

GP USA 22 - 24 Nov

Heineken Silver Las Vegas Grand Prix 2024

GP QATAR 29 Nov - 1 Dec

GP ABU DHABI 6 - 8 Dec

Complete kalender 2024

F1 News 24/7

Races

About GPFans

GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.

We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.

With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.

Follow us on your favorite social media channel

Corporate & Media

Innovatieweg 20C
7007 CD, Doetinchem, Netherlands
+31645516860

CHOOSE YOUR COUNTRY