Ferrari CEO still confident of F1 title in 2019

Ferrari CEO Louis Camilleri is still confident his team can win the Formula 1 world championship in 2019 despite the Italian team's torrid start to the season.

While it appeared as though Ferrari would be quicker than anyone else in winter testing, Mercedes has stepped up in performance and taken four straight one-two finishes to start the season.

Ferrari will bring an updated power unit in the hopes of overturning the advantage to their rivals and Camilleri reiterated the team could still be successful this season.

“We have all the necessary elements and resources to be a credible competitor to win the championship,” he insisted during a conference call with analysts.

Team principal Mattia Binotto admitted the team had fallen behind but echoed Camilleri's sentiments in the team's race preview for the Spanish Grand Prix.