Ferrari start work on new Formula 1 factory at Maranello 9 January, 2013 Ferrari has begun work on a new factory building at their Maranello headquarters in Italy that will be home to its Formula One team. “The first excavations have indeed begun of the foundations of the building that will house the offices of the management, engineers and administrative staff along with the working areas of the team,” Ferrari said on its website (www.ferrari.com). It said that the location, already owned by Ferrari, was a car park and was between the renowned Cavallino restaurant and the existing team building that dates back to the days of late founder Enzo Ferrari. Ferrari, the only team to have raced in every Formula One championship since 1950, is currently alone in building its F1 cars and engines on the same site. The road car production line, which turns out thousands of sportscars every year, is also alongside. (Reuters) Subbed by AJN. Related NewsAlonso: Hopefully our new people can find extra horsepower!Mattiacci: Allison is head of the 2015 Ferrari projectSauber: Ferrari delivered slow power unit lateFerrari View: Bittersweet memories from BelgiumAlonso: The strongest in F1 was Michael SchumacherMarmorini: Ferrari is giving trust to inexperienced peoplePiero Ferrari: I hope Alonso remains at MaranelloAlonso: The important thing is to winAlonso: Fear doesn’t exist in Formula 1Montezemolo: Enzo Ferrari would be happy Forza Ferrari That’s great news! Gooo Ferrari!!! fools good news but I hope they manage to make an entire new wind tunnel on time to for the aero dept. Needs work big time.