Ferrari announced a multi-year contract extension with Formula One team boss Fred Vasseur on Thursday, ending immediate speculation about the Frenchman's future at the helm of the sport's oldest, most successful and glamorous constructor.

Ferrari Team Principal, Fred Vasseur, has signed a new long-term contract to remain in charge of the team despite an ongoing winless run in Formula 1 this season. Indeed the last Grand Prix won by the Scuderia came at Mexico City last year when Carlos Sainz finished top of the podium before he was replaced with Lewis Hamilton for the current campaign.