Ferrari Pledges Support: Fred Vasseur Secures New Contract Amidst Challenges

Ferrari has announced a new multiyear contract for team principal Fred Vasseur, emphasizing trust in his leadership despite recent challenges. The Italian team aims to regain its competitive edge, with Lewis Hamilton's support affirming Vasseur's strategic role in driving future successes and performance improvements.

Devdiscourse News Desk | Budapest | Updated: 31-07-2025 12:22 IST | Created: 31-07-2025 12:22 IST

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Hungary

Ferrari has solidified its trust in team principal Fred Vasseur by awarding him a fresh multiyear contract, dispelling recent rumors about his job security. The decision was announced before the Hungarian Grand Prix, underscoring the team's commitment to Vasseur's leadership capabilities, despite a challenging year without race victories.

Endorsed by Lewis Hamilton, who shifted from Mercedes to Ferrari for the 2025 season, Vasseur's strategy focuses on rebuilding Ferrari's prominence in Formula 1. Despite ongoing challenges, neither Hamilton nor Charles Leclerc has matched the frontrunning McLaren drivers consistently. The new contract aims to tackle these performance issues.

Ferrari expressed confidence in Vasseur's capacity to meet shared goals and responsibilities. Executives reasserted their dedication to achieving a high-performance threshold, signifying a united effort to enhance team strategy and car competitiveness moving forward.

(With inputs from agencies.)