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Vasseur signs a new multi-year contract with Ferrari

Ferrari, one of the long-established teams of Formula 1, has made a striking move after claims that team boss Fred Vasseur will part ways. The Italian giant announced that a new multi-year contract was signed with Vasseur.

Vasseur signs a new multi-year contract with Ferrari

Scuderia Ferrari Team boss Fred Vasseur has signed a new multi-year deal with the Italian giant.Vasseur's position has been under scrutiny this season, with Ferrari yet to record a single win apart from Hamilton's sprint victory in China in March.

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Former Red Bull team boss Christian Horner has also been linked with the role after his dismissal earlier this month.

However, ahead of this weekend's Hungarian Grand Prix, the last race before the summer break, Ferrari issued the following statement:

'Scuderia Ferrari HP is pleased to announce that it has extended its agreement with Fred Vasseur, who will continue to serve as team boss for the coming Formula One seasons, with a multi-year contract.