Ex-Ferrari F1 boss Binotto secures new job

Ex-Ferrari Formula 1 Team Principal Mattia Binotto has secured a new role as the Managing Director of TEXA's E-Powertrain division.

Binotto's role will see him head the E-Powertrain project and establish it as a “reference point for the design, manufacture and supply of automotive components related to electric vehicles”.

Binotto is most known for his time spent at the helm of Ferrari's F1 squad from 2019 to 2022.

It was a disappointing stretch for the team which was constricted to competing down the pecking order, before he was replaced ahead of the 2023 campaign by Frederic Vasseur.

Binotto has been linked to various roles within F1 ever since his departure, but it now appears that the 54-year-old has settled on a job outside the sport.

Discussing his new position within TEXA, Binotto stated: “Beyond the competitive experience that I have always had in my life, what attracted me to TEXA was the strategic audacity of its project to build Italian excellence characterized by the most advanced technologies new mobility.

“In fact, TEXA intends to establish itself as the reference technological standard on a global level.

“And this thanks to the mobilization of huge investment resources and the attraction of the best talents to be concentrated in Italy, that is, where there is a formidable motoring culture to be preserved, renewed and now also relaunched.”