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-Ferrari split brews as Honda wait in the wingsRaikkonen: I finally had a good feeling from the carAlready 2015 rules benefit Mercedes and FerrariFerrari focus on beating WilliamsSilly Season: Alonso to McLaren looks a done dealFerrari loses legal battle with engineerSilly Season: Alonso and Vettel future uncertainFerrari View: Eddie Irvine 15 years onLopez and Briatore play down Alonso reportsValentino Rossi no hard feelings over F1 snub 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.