Ferrari will expand beyond Formula 1ꦦ and the World Endurance Championship and enter the world of pr♊ofessional sailing.

On the sidelines of a call with shareholders in Amsterdam, the company’s Chairman John Elkann confirmed that it will have i🐷ts own team in sailing.

Ferrari aims to enhance its technical know-how with this new venture, with all learnings set to be passed on to its﷽ racing and automotive divisions.

Elkann said the decision to cওompete in professional sailing competitions was inspired by founder En🦋zo Ferrari’s pursuit of new challenges.

“Enzo Ferrari was always looking for the next chaꦛllenge, just like we are today,” saiꦗd Elkann.

“We are preparing to enterℱ the world of sailing: the pursuit of peak🌳 performance at sea will open up new opportunities for innovation in technology, performance and sustainability.

“W🎃e ☂are confident the expertise we gain will inspire our future racing and sports cars.”

Ferrari first revealed plans tඣo enter sailing in January 2024.

Its Formu🐈la 1 rivals Mercedes and Red Bull are already present in this arena, 💙with brands both competing in the America’s Cup under their respective applied science projects.

Ferrari’s new sailing operation will be run by expert❀ navigator Giovanni Soldini, who will ✱serve as the team principal.

“We are about to embark on an exciting journey t♑hat will expand our racing soul,” said Elkann.

“With this new competitive challenge, driven by our innovative capabilities andꦓ commitment to sustainability, we will push beyond✃ current boundaries.

“We are happy to be able to count on Giovanni, who is e⭕xtraordinary for his experience, determination,🐼 and team spirit.”

During the same shareholder meeting, Ferrari’s CEO Benedetto Vigna undꦕerlined the company’s 🔯goal to win in F1 and endurance racing.

Ferrari 🐻scored back-to-back victories at the Le Mans 24 Hours in 2023-24, but hasn’t won an overall title in F1 since 2008.

"We aim to compete at the highest levels in both Formula 1 and Endurance🔥 championships, with a strengthened team and a clear objective: to win,” Vigna said.

"In Formula 1, the team is more focused than ever ♛on the fight for the podium and the win, strengthened by the progress made and fueled by tireless motiv𒁏ation.”