Ferrari to build new F1 factory

Ferrari is planning to build a new F1 factory at its Maranello headquarters, the German newspaper Bild is reporting.

Correspondent Frank Schneider said it is a "major project", designed to end Ferrari's six-year drought since last winning the championship in 2007.

Bild said the new factory will boast three storeys to accommodate Ferrari's 700 staff who work exclusively for the formula one team.

The development would be in addition to Ferrari's totally renovated wind tunnel, and new driver simulator.

Schneider said the new factory will be ready in a year.

Bild also said Ferrari's new facilities could convince Sebastian Vettel to move from Red Bull.

But Dr Helmut Marko thinks the German will stay put.

"Sebastian's contract runs for quite a long time," he is quoted by Speed Week.

"And as long as we give him a competitive car, he has no reason to change teams. Sebastian wants to win, not just be in a team because it is famous," Marko insisted.

(GMM)

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