Ferrari Withdraws Bid for Adrian Newey

Ferrari has opted out of pursuing Adrian Newey due to a reluctance to engage in a bidding war with Aston Martin, which offered the esteemed designer a lucrative contract estimated at $100 million over three years. Newey is set to leave Red Bull in March 2025, after nearly two decades with the team, and is now expected to be announced as Aston Martin's new chief technical officer before the Azerbaijan Grand Prix. Despite Ferrari's initial interest and budget allocation to secure Newey, the team decided against further negotiations, preferring to strengthen its internal structure instead. Newey's preference for a consultative role allowed him to remain in the UK, aligning better with Aston Martin's offer compared to Ferrari's expectations for full-time commitment. Aston Martin's chairman, Lawrence Stroll, has been instrumental in courting Newey, showcasing the team's ambitions through facility upgrades and personal discussions. This decision reflects Ferrari’s strategic shift to develop their existing technical staff rather than chase high-profile signings.