Ferrari: Stuck in the Slow Lane

February 24, 2015 10:02 PM

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Ferrari: Stuck in the Slow Lane

Months away from a much-anticipated initial public offering, luxury-car manufacturer Ferrari SpA faces a problem with its famous red racing cars: They just don’t run very fast.

Ferrari didn’t manage a single win in 19 Formula One races last season, the first time in two decades that F1’s most iconic team has come up dry. Ferrari fired two team directors in a frustrating year that ended with Spain’s Fernando Alonso, a two-time world champion, leaving for rival McLaren.

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