Ferrari has closed down production in both its Formula 1 and road-going factories for two weeks, the manufacturer reacting to the coronavirus pandemic which, in Europe, is worst affecting Northern Italy.

Ferrari CEO Louis Camilleri says the decision to suspend work on the production line comes out of respect for the companies suppliers and their families.

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“At a time like this my gratitude goes first and foremost to Ferrari’s women and men," said Camilleri. "Their tremendous commitment over the past few days has demonstrated the passion and dedication that defines our marque.

“Together with our suppliers they have ensured the company’s production," he continued. "It is out of our respect for them, for their peace of mind and those of their families, that we have decided on this course of action.

“Our clients and fans are also top of mind for us at this time, as we prepare for a strong restart.”

It is understood that Mercedes are planning to keep their Formula 1 factory open, but that all personnel returning from Melbourne will self isolate for 14-days.