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. Tweet Related NewsAlonso: My own future is very low priority at the momentRaikkonen: We don’t expect to suddenly jump to the frontBerger: If I was Ferrari I would keep AlonsoFerrari to be listed on stock exchangeAlonso squeezing Ferrari for big severance payoutFerrari View: Formula 1 lands in AmericaCan Vettel emulate Schumacher’s success at Ferrari?Massa: Kimi’s problem is psychologicalVideo: Ferrari tribute for birthday boy RaikkonenRaikkonen staying at Ferrari amid Alonso departure reports 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.