Ferrari fans have been hit with some bad new lately as the president Luca di Montezemolo recently told Sky Sports,“The Ferrari I saw in yesterday’s race (Hungary) doesn’t sit well with me.”

Oh dear – when Montezamolo isn’t happy, someone usually wakes up next to a severed horse’s head.

The President was very succinct with Scuderia team principle Stefano Domenicali and the engineers, focusing mainly on the F138’s performance — or lack of.

Montezemolo, being the hot-blooded Italian that he is, did not mince his words when it came to ordering the team to step up. In fact, he presented them all with a metaphorical knife, along with an invitation to put it between their teeth when thinking how to tackle the remaining half of the season.

With nine races remaining, Montezemolo clearly thinks the championship is still on the cards, and perhaps this is due to past experience – Ferrari always gains momentum in the second half of the season. Not helping matters is their current world champion contender Fernando Alonso, who made negative comments about the lack of new parts available – this didn’t go down well with Montezemolo, nor with anyone on the team.

Montezemolo also attended the technical analysis, leaving no stone unturned including the subject of the the new Pirelli tire compounds, a variable that definitely did not suit the Ferrari. Pirelli’s choice contributed to artificially altering the hierarchy in the field, something that has not pleased the president or the men of the Scuderia. This topic will be the subject of further debate in the near future.

So, can Ferrari come out of the garage after the summer break and seriously challenge Red Bull’s Sebastian Vettel and the revived Lotus Team, or will Ferrari drop the baton, I mean knife?