Ferrari (NYSE:RACE) Chasing Ross Brawn for F1 Team Revival

Ferrari (NYSE:RACE) Chasing Ross Brawn for F1 Team Revival

Ferrari (NYSE:RACE) Chasing Ross Brawn for F1 Team Revival

$RACE

From Y;s 2000 through 2004 Ferrari was the most dominant team in Formula One racing.

One reason was the driver Michael Schumacher.

The other reason was the man behind The Scuderia, Ross Brawn.

After Mr. Schumacher retired, Mr. Brawn moved to Honda just before they pulled out of F1 racing. Then in Y 2009, that team became Brawn GP, and it won the driver’s and constructor’s championships in its 1st and only season before Mercedes bought Mr. Brawn’s team.

Ross Brawn is a man who knows how to win races. And today Ferrari is not a team that knows how to win races. Ferrari management wants to change that and Sergio Marchionne is chasing Ross Brawn to rejoin The Scuderia.

Mr. Brawn left Formula One racing at the end of Y 2013 and does not seem want a full-time commitment to the series again.

There are reports that Ferrari has approached its former team leader to come back in an advisory role, the word is Mr. Brawn has declined.

But that is not stopped Sergio Marchionne and Scuderia Ferrari Team Principal Maurizio Arrivabene from giving up.

The team want Mr. Brawn back on-board as an adviser to get The Scuderia out of its slump. The latest is that he is interested in returning to the sport in some role.

The Big Q: Could Brawn help Ferrari?

The Big A: Probably, We might soon know if he wants that sort of challenge and commitment going forward.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 42.14 20 July 2016 -0.07 41.81 42.35 41.78 209,900
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (0.02) Bullish (0.30) Neutral (-0.17) Neutral (-0.06)

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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