F1: Ferrari set to increase Formula 1 spending in 2019

Ferrari is set to increase its Formula 1 budget for the 2019 season as it bids to end its decade-long championship drought.
Ferrari took six race wins across the course of 2018 as Sebastian Vettel led its charge and fought for the drivers’ title, only to lose out to Mercedes’ Lewis Hamilton and finish the year P2 in the standings.
Speaking in the Q4 results conference call for Ferrari group investors last week, CEO Louis C. Camilleri confirmed there would be an increase in spending on its F1 project in 2019 in order to try and end its wait for a championship.

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