Ferrari has recently revealed some new details about the company’s F1 engine and the switch of driver from Felipe Massa to Kimi Raikkonen.

Speaking at company’s Christmas dinner, Ferrari’s President Luca di Montezemolo said that it was obvious that he is not happy with the way things went in Formula One but it was a great season for them in GT racing, where they won all over the world.

Talking about Formula One, di Montezemolo said that he is quite happy with some of the rule changes as “It’s impossible for Formula 1 to keep going with aerodynamics counting for 90% of the story.” He further stated that next year, reliability and the ability of the drivers to manage the race in a very different way to the past will be vital.

Speaking on the decision to replace Felipe Massa with Kimi Raikkonen, the executive said that Felipe was a real Ferrari man and together, they shared some marvelous times. However, he said that they have taken the right decision, both for the driver and the company.

Talking about the engine, it’s a turbocharged 1.6-liter unit called the 059/3. Per Formula One’s new regulations, the engine is backed up by an electric motor that also acts as a generator.