F1: Ferrari (NYSE:RACE) Team Orders Have Changed

F1:  Ferrari (NYSE:RACE) Team Orders Have Changed

F1: Ferrari (NYSE:RACE) Team Orders Have Changed

$RACE

Ferrari’s (NYSE:RACE) ‘May the Best Man Win’ driver policy died with Enzo Ferrari

If The Old Man, a autocratic and irascible team owner, was still around, it is unlikely he would have allowed an internal policy that clearly favors Sebastian Vettel over Kimi Räikkönen.

The Ferrari management is free to do what it wishes now. But in Enzo Ferrari’s day, the Boss loved to play one driver off against the other.

In the opinion of The Old Man, it kept his drivers sharp and operating at their maximum, even though, in an era when safety had no place on any sporting agenda, it often resulted in their death.

Had the phrase ‘collateral damage’ existed at the time, Enzo Ferrari would probably have used it, he was ruthless. So long as a Ferrari won, the Old Man did not care who was driving.

It was just announced that Kimi Raikkonen will drive for The Scuderia for a 5th-consecutive, his 8th overall, season in Y 2018.

The decision to retain his is not surprising. When rumors 1st started regarding drivers’ contractual situations for next year, Mr. Raikkonen was, as he has been for the last 3 years, the linchpin that could swing the market in one direction or the other.

As a result, some F1 drivers, whose futures were up in the air at the start of the Summer break, seemingly will come to the Belgian Grand Prix at Spa with much better senses of where they will end up next season.

As for Ferrari’s lead driver, Sebastian Vettel, there is little doubt that he will return to the Maranello outfit in Y 2018.

His contract expires after this season and says his primary focus is on the Y 2017 Championship, and he will save negotiations for later.

With Ferrari opting to keep Mr. Raikkonen on-board, a move Mr. Vettel has said he favors, so it is all but a sure thing that he will be the Top Shoe next season.

Team orders will be 1-2, not may the best man win, with Mr. Vettel at #1.

I expect Ferrari to announce his renewed contract in September at the Italian Grand Prix.

Meantime, Ferrari’s stock price finished at all time highs again Tuesday, as the iconic Italian automaker leads the world wide automotive sector by a very long way.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 115.15 22 August 2017 2.30 112.89 115.64 112.85 788,372
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.47) Bullish (0.38) Bullish (0.46) Very Bullish (0.58)

Stay tuned…

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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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