While everyone was expecting Sergio Marchionne to blast once again the Scuderia after another failed weekend, the Ferrari chairman refrained from adding insult to injury.

Sebastian Vettel's demise after four laps yesterday at Suzuka likely crushed his chances to win the world championship this season.

Marchionne however, vowed to fight on.

"The season is not lost, there’s still all to do," he said as he visited the New York Stock Exchange for Ferrari's 70th anniversary.

"I won’t talk of bad luck, I don’t believe in it," he added.

"The important thing is to not lose the confidence that has brought us so far.

"I‘m delighted with what the team has done and I have tremendous confidence that in the next four races we will be able to close most of the Mercedes gap."

"There's still time to catch up, the car has made enormous steps forward. Ferrari is on a par if not superior to Mercedes and we can't give up."

Marchionne also said that Vettel's engine issues at the start of Sunday's race were due to a "59-euro spark plug that impacted a car that costs millions of euros".

"It’s a problem we’ve probably ignored over time because it was never of much importance but now we’ve had at least three occasions where we’ve really seen the devastating impact on performance. We’ll fix it," he said.

Following Lewis Hamilton's win in Japan - the Mercedes driver's fourth in five races, Vettel has now drifted 59 points behind his rival in the drivers' standings.

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

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.

Recent Posts

F1 boss Domenicali on why Apple TV will shatter ESPN’s records

Formula 1 is gearing up for a new digital era in the United States –…

45 mins ago

Sainz reveals ‘not ideal’ reality shared with Alonso

Carlos Sainz has lifted the lid on a private paddock conversation he enjoyed with Fernando…

2 hours ago

Horner names the true culprits of his Red Bull exit

Christian Horner has offered a revealing look back at his dramatic exit from Red Bull…

4 hours ago

McLaren Majesty: When Prost and Lauda stood alone

Alain Prost follows Niki Lauda by just two days on the February birthday calendar, the…

5 hours ago

Coulthard on why Bottas has the edge over Perez at Cadillac

Sergio Perez’s Formula 1 comeback with Cadillac is already under the microscope – and he…

6 hours ago

‘Not pure Formula 1’: Verstappen fires fresh salvo at 2026 cars

After pre-season testing in Bahrain gave F1’s drivers their first real taste of the sport’s…

8 hours ago