F1: Ferrari (NYSE:RACE)Team Driver Vettel Pushing Arrivabene Out

F1: Ferrari (NYSE:RACE)Team Driver Vettel Pushing Arrivabene Out

F1: Ferrari (NYSE:RACE)Team Driver Vettel Pushing Arrivabene Out

$RACE

Sebastian Vettel Key focus is to drive Ferrari’s Formula 1 car but behind the scenes he is pushing hard for team alignment, tha means that arrivederci to Signor Arrivabenne, The Scuderia’s current team manager.

Last month, Mr. Arrivabene said the World Champion Vettel had to earn his place at the team beyond next season and urged him to focus purely on his own role.

“Sebastian just needs to focus on the car,” said Mr. Arrivabene.

“He is a person who gives so much and sometimes this means he is interested in a bit of everything.

“So sometimes you have to re-focus him, remind him to be focused on the main job.”

Asked about his position at Ferrari compared to previous team Red Bull, Mr. Vettel replied: “It’s very different.

“When I joined Red Bull, I was 21 years old.

“I have a bit more experience now, so it’s a completely different situation.

“When you grow up, you build a certain experience and you’re able to see the bigger picture.

“It changes also your mind and your perspective of things – if I can see I can help somewhere.

“In the end I’m here to drive the car but also here to help.”

Ferrari has seen a disappointing season under former tobacco brand manager Arrivabene falling behind Red Bull in the constructors’ championship rather than providing a sterner challenge to pacesetter MercedesAMG.

That has led some including me to criticize Mr. Arrivabene, while F1 boss Bernie Ecclestone suggested the Italian needed more support with the day-to-day running and that the Team was too Italian.

“The way I see it, he has a lot of responsibilities and he is pushing very hard and working a lot, so you can’t take that away from him,” said Mr. Vettel kindly

“But there are a lot of other people in the team so he is not all by himself.

“Everybody is trying to help as much as he or she can.

“Co-ordinating 1300 people is not very easy, but the people we have in charge are doing a very good job.

“Things are coming along and look promising for the future.

“Once you put something strong in place… and I’ve been part of that process before with Red Bull where it takes time. The day they started to be taken seriously was back in 2005, the day they won races was 2009, so it took some time for them.

“It also took time for Mercedes, it always takes time if you try to raise the bar again and to come back to the front, because it does take time for people to really work hand in hand and for things to come together.

“Once they do then it usually clicks, it works, and that’s when results come together as well.”

Bernie Ecclestone says he does not envy Ferrari team principal Maurizio Arrivabene given the challenge he faces in turning the Italian Formula 1 squad’s fortunes around.

Ferrari’s form has deteriorated through the 2016 F1 season and it has failed to win a race as well as being demoted to third in the standings by Red Bull.

Expect Mr. Vettel to prevail in the Scuderia management politics. He is a Champion.

Remember, Mr. Arrivabenne sold Marlboro cigarettes, he is not a suitable F1 Team principle.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 54.21 9 November 2016 -0.21 53.99 54.3 53.69 641,800
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.41) Bullish (0.27) Bullish (0.42) Very Bullish (0.54)

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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