Formula One: Ferrari wave the white flag?
September 24, 2013 -- Updated 1331 GMT (2131 HKT)
Ferrari's Fernando Alonso finished second at the Singapore Grand Prix, despite starting seventh on the grid.
- Ferrari will prioritize 2014 campaign for the rest of this season
- Ferrari's Fernando Alonso trails Sebastian Vettel by 60 points in the drivers' standings
- Vettel's win at the Singapore Grand Prix was his seventh of 2013
- The Red Bull driver is bidding for a fourth consecutive world championship
(CNN) -- Sebastian Vettel has already won the 2013 Formula One world championship -- at least that's the view of his Ferrari rivals, despite there being six races left this season.
Red Bull driver Vettel took the checkered flag at Sunday's Singapore Grand Prix to win his seventh race of the year and extend his lead over Ferrari's Fernando Alonso in the drivers' standings to 60 points.
Despite an encouraging race which saw Alonso finish in second place after starting seventh on the grid, team principal Stefano Domenicali declared that Ferrari will be prioritizing 2014 between now and the end of the current season.
Read: Vettel wins Singapore Grand Prix
Red Bull's Sebastian Vettel lifts the trophy under lights following his victory at the Singapore Grand Prix, F1's only night race.
Vettel's Singapore success
Niki Lauda on F1's most dangerous years
"Now it's clear that 99% of our energies will be concentrated on the 2014 project," Domenicali told Ferrari's official website.
"Ahead of the summer break we were striving hard for a performance gain in Singapore, on a track with characteristics that are particularly unsuitable for our car.
"Instead we lost even more ground, despite the fact that the F138 has improved in certain ways, otherwise Fernando would never have managed to do what he did in the second part of the race in terms of tire management.
Blog: Does F1 lack compelling characters?
"We still have some new parts for the car that we will bring to the coming races but, above all, we will now try to make the most out of what we already have."
Two-time world champion Alonso last week pledged his loyalty to Ferrari amid reported interest from former team McLaren, and on Saturday said he wants to extend his contract.
A promotional image for the new Formula One film "Rush." Australian actor Chris Hemsworth plays the hedonistic James Hunt (left) while Daniel Bruhl plays his on-track nemesis Niki Lauda.
Rush movie premiere
Ferrari will pit two world champions against each other in 2014 as Kimi Raikkonen (left) returns to join Fernando Alonso. The pairing could be one of the most sensational in the history of Formula One.
The 'Ice Man' of F1
Next season Alonso will be partnered by Kimi Raikkonen, the current Lotus driver who was the last man to win the drivers' championship for Ferrari in 2007.
Read: Raikkonen switch to wake up Alonso?
Alonso hopes a raft of new technical regulations which will be introduced to the sport next season will benefit Ferrari.
"We started (the season) in a good way," the 32-year-old, who is without a grand prix win since May, told the BBC.
"We were competitive in Australia, maybe not in qualifying but in the race we were taking care of the tires very, very well, together with Lotus.
"We won in China, we won in Spain and then we seemed to lose a little bit of performance, especially when the 2012 tires came back.
"For next year, we start from zero. Really we will put all our effort and hopes into 2014, because starting from zero is our best opportunity to close the gap with all the top teams."
Today's five most popular stories
Part of complete coverage on
Track the buzz of the 2014 Formula One season, race by race, with all the latest social reaction from motorsport experts.
November 7, 2014 -- Updated 1714 GMT (0114 HKT)
Glitz... check, glamor... check. Teams going bust... er, check. F1 generates billion-dollar revenues, so why can't some of its teams stay afloat?
November 7, 2014 -- Updated 1814 GMT (0214 HKT)
With the sport currently facing up to a financial crisis, motorsport journalist Ed Foster explores the history of F1 sponsorship.
October 21, 2014 -- Updated 0958 GMT (1758 HKT)
He's paid millions to drive one of the world's fastest cars, and he's one of F1's most colorful characters, but Kimi Raikkonen loves normality.
October 12, 2014 -- Updated 1745 GMT (0145 HKT)
It took a little longer than expected but MotoGP's young star Marc Marquez wraps up his second world title in Japan.
October 9, 2014 -- Updated 1039 GMT (1839 HKT)
Rising star Daniil Kvyat made history as the home hero at F1's first Russian Grand Prix, ahead of next season's move to Red Bull.
September 19, 2014 -- Updated 1358 GMT (2158 HKT)
Take the fittest driver in Formula One and test him against two of the world's leading triathletes in a high-performance laboratory.
September 5, 2014 -- Updated 1604 GMT (0004 HKT)
Mercedes has the fastest two cars in Formula One this season but there is just one problem -- there can only be one world champion.
He's the best of the rest -- Daniel Ricciardo has been Formula One's surprise package in the first half of the 2014 season.
July 24, 2014 -- Updated 1135 GMT (1935 HKT)
Formula One is not likely to go hungry in Hungary as master chefs cater in volume for drivers, teams and VIP guests.
July 3, 2014 -- Updated 1443 GMT (2243 HKT)
It's the elephant in the room of Formula One. What's the prognosis legendary driver Michael Schumacher?
May 23, 2014 -- Updated 2310 GMT (0710 HKT)
It stimulates all five senses, creating an unparalleled experience for drivers and fans alike. Take a tour of Monaco with Mark Webber.