Sebastian Vettel is expected to leave Ferrari at the end of this season after the four-time world champion failed to agree terms over a new contract, reports in the German media claim.
German publications Bild and Auto Motor und Sport both reported that the 32-year-old driver, who will be out of contract at the end of 2020, had rejected the terms offered in a new deal.
They said the separation with Ferrari, the sport's oldest and most successful team, could be announced officially on Tuesday.
Italy's Gazetta dello Sport newspaper recently reported Vettel being offered a one-year extension with a salary reduction.
Vettel joined Ferrari in 2015 after winning all his titles with Red Bull and dreaming of emulating his boyhood hero Michael Schumacher, who took five of his seven titles with the Maranello-based team.
The father of three told reporters last month that he could have a new deal done before the start of a season delayed by the Covid-19 pandemic.
Ferrari have said the German was their first choice to partner Charles Leclerc but reports in Italy said they wanted an answer by the end of April to ensure potential replacements were still available.
Leclerc, who won two races last year and is only 22, has a contract until 2024 and is seen as Ferrari's future and likely first champion since Kimi Raikkonen in 2007.
The Monegasque outperformed Vettel in his first season at Ferrari last year, finishing ahead of him overall and taking more points, poles, podiums and wins.
Australian Daniel Ricciardo, at Renault, and McLaren's Spaniard Carlos Sainz have both been mentioned in media reports as leading candidates to take one of the most coveted seats on the grid. Both are also out of contract at the end of 2020.
Six-time and defending world champion Lewis Hamilton has also been linked to Ferrari but has repeatedly indicated he intends to stay with Mercedes.
Formula One has deferred to 2022 a major technical rule change planned for 2021, meaning teams will use the same cars next year as this.
Ferrari appeared to be behind Mercedes on pace in pre-season testing but have not been able to run their car in race conditions due to the March 15 Australian opener being cancelled.
The sport hopes to get going behind closed doors in Austria in July.
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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What is the definition of an SME?
SMEs in the UAE are defined by the number of employees, annual turnover and sector. For example, a “small company” in the services industry has six to 50 employees with a turnover of more than Dh2 million up to Dh20m, while in the manufacturing industry the requirements are 10 to 100 employees with a turnover of more than Dh3m up to Dh50m, according to Dubai SME, an agency of the Department of Economic Development.
A “medium-sized company” can either have staff of 51 to 200 employees or 101 to 250 employees, and a turnover less than or equal to Dh200m or Dh250m, again depending on whether the business is in the trading, manufacturing or services sectors.
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COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
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