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Ferrari boss Marchionne: 'It was about time'

MELBOURNE, Australia -- Ferrari CEO Sergio Marchionne said it was "about time" the famous Italian team put an end to its victory drought by winning Sunday's Australian Grand Prix in Formula One.

After a winter of cautious optimism in Maranello, Ferrari and Sebastian Vettel kicked off the first race of F1's new aerodynamic era with a convincing victory. Race strategy was key to securing the win on the day, but Marchionne praised the progress the team has made following a winless campaign last year.

"It was about time," he said. "I am delighted for the team and for our tifosi who stood by us throughout this whole period.