Ferrari president Sergio Marchionne says it breaks his soul to see his team's current 'suffering' in Formula 1, but he is adamant the outfit will bounce back.

The Maranello team has had a deeply frustrating start to the campaign, where a mixture of incidents and reliability problems have left it unable to capitalise on the speed of its car.

Matters did not improve at the Russian Grand Prix, where Sebastian Vettel was forced out of the race after a double collision with Red Bull rival Daniil Kvyat.

Speaking in Turin on Monday at the presentation of the new Fiat Tipo, Marchionne said it was clear he was far from happy about what had happened in F1 this season.

"We need to close the gap at the speed of light," he told the Italian media.

"I was used to seeing a Ferrari with Michael Schumacher, so it breaks my soul to see a Ferrari that is suffering so much."

But rather than be downbeat about the situation the team finds itself it – with Mercedes and Nico Rosberg well clear in the championship – Marchionne has not lost faith

He added: "Yesterday was a bad day and there is still much work to do, but I have every confidence in the team and we will succeed."

Additional reporting by Roberto Chinchero


Gallery: Marchionne: It breaks my soul to see Ferrari suffering