Ferrari Team Principal, Fred Vasseur, has signed a new long-term contract to remain in charge of the team despite an ongoing winless run in Formula 1 this season.

Ferrari Formula One chief Fred Vasseur has signed a new, multi-year contract extension with the team, putting an end to speculation about his future. Vasseur, 57, took charge of Ferrari at the start of the 2023 season, having previously led Sauber’s F1 team.

Ferrari announced a multi-year contract extension with Formula One team boss Fred Vasseur on Thursday, ending immediate speculation about the Frenchman's future at the helm of the sport's oldest, most successful and glamorous constructor.