Vettel and Ferrari won't go into 'panic' mode

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Sebastian Vettel accepted the misfortune which befell him at Silverstone, but the German driver and Ferrari will now regroup to defend their title lead.

Vettel was clearly outpaced all weekend by title rival and British GP winner Lewis Hamilton.

The German was on course for a damage limitation top-four result when a tyre failure two laps from the end knocked him down to seventh at the checkered flag, eroding his advantage in the championship to just a single point.

"There is no reason to panic, but for sure we need to realise that Mercedes are very quick," said Vettel.

"This race was not good for us, full stop. We did not get the result we wanted or that we probably deserved, but we cope with that and move on.

"When you come out on top everything looks peachy, but if you don’t people talk of huge disappointment and disaster.

"I am not here to lose. I don’t like losing, I hate it. So we want to make sure we turn it around for next time."

Vettel and Raikkonen tyre failures unrelated, says Pirelli

Vettel's limited disappointment stemmed perhaps from the fact that the situation could have been a lot worse, and led to a pointless result.

Looking to the future, the German believes F1's next venue may offer better prospects for the Scuderia.

"The car is great, it has been fantastic in the race again today," he added.

"Today was not a great day, but we’ll see what happens in Hungary, on a different track."

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Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.