Italy - Sergio Marchionne says he is happy Ferrari is now 'feared' once again by its top F1 competitor.
After a decade-long title drought, Sebastian Vettel is leading the world championship after the opening four races of 2017.
the Ferrari president is quoted by Italian media, including La Repubblica newspaper: "We have made significant progress.
"Some would call our recovery miraculous compared to 2016."
He said, referring to Mercedes: "Ferrari is competitive once again and feared by our adversaries in Stuttgart."