Ferrari president Sergio Marchionne has confirmed when he plans to retire. Speaking at the Detroit Auto Show earlier this week the 64 year old Canadian/Italian confirmed that he will retire in early 2019.

Marchionne who is also the chairman of Fiat/Chrysler became Ferrari chairman in 2014 replacing Luca Di Montezemelo.

Marchionne appointed Maurizio Arrivabene as Scuderia Ferrari team principal in November 2014. The Italian team have endured difficult times in recent seasons, in 2016 the team finished the year in third place in the Constructors championship behind Mercedes and Red Bull Racing.

For 2017, the team have retained Kimi Raikkonen and Sebastien Vettel who ended the year in fourth and sixth place respectively in the drivers championship.

This season, following changes towards the end of 2016, Kimi Raikkonen has a set of engineers that he gelled with well towards the end of last season and he and the team will be hoping that their new car will be able to deliver strong results such as the ones he achieved in the latter part of last season.

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