Ferrari has Formula One in its DNA, CEO says after Cadillac supply deal

Reuters12-11

NEW YORK, Dec 10 (Reuters) - Ferrari Chief Executive Benedetto Vigna said Formula One was in the DNA of the company as earlier on Tuesday it announced it would supply engines and gearboxes to a new Cadillac Formula One team in a multi-year agreement from 2026.

"Our company has a magic purpose. We are redefining the limit of what is possible in F1," Vigna said during Reuters Next summit in New York.

"In our DNA is racing. We have been present in this sport, which is now becoming entertainment, since the beginning".

(Reporting by Vanessa O'Connell and Shashwat Awasthi; writing by Giulio Piovaccari)

((giulio.piovaccari@thomsonreuters.com))

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