Misfiring Ferrari have complete confidence in team boss Mattia Binotto but cannot expect to return to winning ways in Formula One before 2022, company chairman John Elkann said on Tuesday.
The team are F1's oldest and most successful but the current car is too slow and they are fifth overall after the season's first three races.
"The reality is that our car is not competitive. You've seen it on the track and you'll see it again," Elkann said in an interview with the Gazzetta dello Sport.
"Today we are laying the foundations to be competitive and get back to winning when the rules change in 2022.