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2014-04-17 09:12

FERRARI IN CRISIS: Ferrari trails in fifth in the Constructors Championship and neither Fernando Alonso and Kimi Raikkonen have yet to grab a podium. Image: AP/Luca Bruno

SHANGHAI, China - On (April 14 2014) Wheels24 reported that Ferrari's Formula 1 team principal Stefano Domenicali stepped down.

After failing to preside over even a single podium at any of the opening three races (Bahrain, Malaysia, Australia) of the 2014 season, team boss Domenicali quit his post.

As a result, Ferrari could be ready to to write-off its 2014 title chase.

THROWING IN THE TOWEL?

After a bad start to the new turbo V6 era for the team, Ferrari is fifth in the Constructors' Championship behind rivals Mercedes, Force India, McLaren and Red Bull.

Ferrari technical boss Pat Fry admitted trying to beat dominant Mercedes is not a realistic goal.

Fry said: "Our first priority is to establish ourselves as the second best team."

Team president Luca di Montezemolo has now admitted the clock is ticking on Ferrari's 2014 hopes.

Di Montezemolo said: "The next four or five races will be decisive in seeing whether we can catch up with Mercedes in 2014."

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