Ma🎃ttia Binotto has landed his first job since leaving the Ferrari F1 team.

Binotto ha🐼s joined TEXA - an Italian company - as managing director of their E-Powertrain division.

It means that he♎ is off the market for a potential return to the Formula 1 paddoc𝐆k.

Binotto resigned as team ꦇprincipal at Ferrari after the 2022 season amid mo🧸unting speculation that he would lose his job.

He was replaced by Fred Vasseur.

Binotto worked at the Ferrari F1 team since 1995. He worked his way up through the engine division then became chief technical offier, ওand finally team principal.

He has b൩een linked to jobs at other F1 teams since, but that now won't be happening.

Instead, his future is in electric road vehicles.

Binotto said: “Beyond the competitive experience that I have always had in my life, what at🐲tracted me to TEXA was the strategi✤c audacity of its project to build Italian excellence characterised by the most advanced technologies of new mobility.

“In fact, TEXA intends to establish itself as the reference technologic🍸al standard on a global level.

“And this thanks to the mobilisation of huge investment resources and the attraction of the bes💙t ta🔯lents to be concentrated in Italy, that is, where there is a formidable motoring culture to be preserved, renewed and now also relaunched.”