Di Montezemolo: title battle still open

The French squad hold a 28-point lead over Ferrari after the first seven races of the season, while Fernando Alonso is 21 points ahead of Michael Schumacher after having won four races to the German's two victories.

Alonso has enjoyed his best ever start to a Formula One season, having scored 64 points out of a possible 70.

Despite that, di Montezemolo believes Ferrari are still in with a chance of reversing the situation.

"Nothing is impossible. The championship is still open, it's good, Ferrari is very competitive and Ferrari people never surrender," di Montezemolo told Gazzetta dello Sport.

"2005 was terrible, but the objective we set for ourselves this year with Bridgestone was to get back to the top.

"We've managed to, Ferrari is back up there, to either win or to be beaten by who's better. We want to fight until the last kilometre in the last race in Brazil."

The Ferrari chief also believes Ferrari will enjoy a competitive weekend at Silverstone, although he's not making any predictions.

"I think in Silverstone we'll have a great car. Making predictions is always difficult, as you risk to look stupid. But I see Ferrari being competitive and able to start and to finish at the front."