Arrivabene has Ferrari's full support: Marchionne

Sun May 15, 2016 7:31am EDT
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By Alan Baldwin

BARCELONA (Reuters) - Ferrari boss Sergio Marchionne dismissed speculation about Formula One team principal Maurizio Arrivabene's future on Sunday and assured reporters that the Italian had his full support.

"Totally. Beyond any question," the Ferrari chairman and chief executive said before the Spanish Grand Prix at the Circuit de Catalunya.

Italian media have suggested that Arrivabene, a former Philip Morris executive who took over as team principal in November 2014, could be replaced after a disappointing start to the season.

"They are complete nonsense, and by an extraordinary measure," said Marchionne of the reports that emerged after the Russian Grand Prix on May 1.

"And it annoys me because they are baseless and just create confusion in an extremely competitive environment. We don't need that.

"The team is unrecognizable from that of two years ago."

Marchionne, who is also chief executive of Fiat Chrysler, gave drivers Sebastian Vettel and Kimi Raikkonen his vote of confidence as well.

Both world champions have been on the podium this season, Raikkonen third in Russia and second in Bahrain while Vettel was second in China and third in Australia. But for misfortune and mistakes, they might have won at least once.   Continued...

Formula One - Bahrain F1 Grand Prix - Sakhir, Bahrain - 03/04/16 - Ferrari team principal Maurizio Arrivabene looks on in the pits. REUTERS/Andrej Isakovic/Pool?