F1: Ferrari (NYSE:RACE) to Come Back Strong after Summer Break

F1: Ferrari (NYSE:RACE) to Come Back Strong after Summer Break

F1: Ferrari (NYSE:RACE) to Come Back Strong after Summer Break

$RACE

Sebastian Vettel says Ferrari identified its weaknesses and he is confident Team Scuderia will be more competitive after F1’s Summer break.

Ferrari has failed to score a Podium (a top 3 position) in any of the last 3 F1 racesand has taken just 50 points to Red Bull’s 80, having been in contention for victories at the start of the season.

But Mr. Vettel remains positive about Ferrari’s prospects for the balance of the season.

“We know that the last couple of races have been harsh and tough for us but they’ve been useful and we have understood a lot about our car strengths and weaknesses so we know what to focus on,” he said.

“It was not entirely clear after the first couple of races but it became more and more evident.

“It’s a harsh way to find out and we’re not as competitive as we want but we know to what to do.

“It’s not something to change overnight but there is a plan and the second half should be stronger in that regard.

“It also depends on what other people will do but for now that is the focus on ourselves.”

When asked why Ferrari hadn’t seen these deficiencies earlier in the season, Mr. Vettel said: “Some things do take time but overall the most important thing is that we are challenging ourselves.

“You are right – it would have been nicer to find out a bit sooner but that’s how it is.

“The main point though is that we find out, we are always trying to improve but as I said the last races in this regard have been very educational in finding out our potential weaknesses.”

Vettel added that while a lot of effort is now going on the Y 2017 car, ahead of the aerodynamic regulation changes, there are more developments planned for this year.

“There is some stuff coming and that has always been the plan but also like everyone else we are already preparing big time on 2017,” he said.

“It is a different project and the cars will be very different but there are still some things that we can learn and understand this year which will help us next year.”

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 48.4 19 August 2016 -0.26 47.43 48.4 47.35 597,900
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.36) Very Bullish (0.64) Bullish (0.27) Neutral (0.15)

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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