Toto Wolff claims that Ferrari has what it takes to close the gap to Mercedes after Sebastian Vettel finished third behind both Silver Arrows in last weekend’s Australian Grand Prix.

Having experienced a dismal year in 2014, Ferrari has evidently turned things around over the winter, with the Maranello-based squad emerging as the defending champions’ closest challengers in Melbourne.

While obviously pleased with his own team’s performance around the Albert Park Circuit, the Mercedes boss thinks that there’s more to come from their rivals in 2015.

“We've won the race with about half a minute to the Ferrari, and if you consider what jump they have made from last year to this year that is pretty impressive and it's just the first year," said Wolff.

“What we have seen from the GPS data is that the engine is really powerful and the car is really good.

"I think it's just a matter of time (before others catch up) because Ferrari have it all: they have all the resources, the right people, the right drivers and it's a matter of time until when they can reduce the gap.”

Click here for the full gallery from the Australian Grand Prix

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Julien Billiotte

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