Years of hard work paying off for Ferrari

Years of hard work are paying off for Ferrari with a stellar start to the Formula One season, company chairman John Elkann said on Wednesday.

Charles Leclerc has won two of the first three races, finishing second in the other, and has a 34-point lead in the championship.

Ferrari, who last won a title in 2008 and failed to win a race in 2020 and 2021, also lead the constructors' standings by 39 points from champions Mercedes.

"We said two years ago that we had to work hard to get back to being competitive and the 2022 championship has got off to a truly thrilling start," Elkann said at Ferrari's annual shareholders' meeting.

"Like all our tifosi (fans) around the world, I am delighted we are competing at the highest level," said Elkann.