Home 2020 F1: Florence Hosts Ferrari’s 1000th Grand Prix

F1: Florence Hosts Ferrari’s 1000th Grand Prix


#Ferrari #F1 #Tuscany #GP #Florence


Florence, Italy: 13 September 2020

Florence’s Piazza della Signoria was the ideal setting on Saturday evening to celebrate Ferrari’s 1000th Formula 1 Grand Prix.

The Maranello marque invited several of the sport’s Key people to a special evening in this most beautiful setting in the capital of Tuscany so as to allow the current social distancing requirements of the C-19 chaos to be respected.

Guests. Attending the event were Ferrari President John Elkann, CEO Louis Camilleri, Vice President Piero Ferrari, President of the FIA Jean Todt, F1 CEO Chase Carey, F1 Managing Director Motorsport Ross Brawn, the Mayor of Florence Dario Nardella, who announced that he was handing the Keys of the city to Piero Ferrari, as well as a host of former Ferrari drivers and personnel including Eddie Irvine, Jean Alesi, Stefan Johansson, Luca di Montezemolo and Stefano Domenicali.

Show. The evening began at Sunset, when the square started to come alive. There was a spectacular display of F1 cars from various eras, including the F2008, the F2002, the F1-2000, the 1979 312 T4 and the 500 F2 which dominated the 1952 and 1953 seasons, and a few Ferrari road cars from the current range, including the SF90 Stradale, F8 Tributo Spider, 812 GTS, Portofino and Roma.

On display in the middle of the square was a replica of the burgundy liveried Ferrari SF1000 taking part in the Tuscan – Ferrari 1000 Grand Prix at the Mugello circuit this weekend.

Shortly after 9p local time, the facades of Palazzo Vecchio and the Loggia dei Lanzi, which overlook Piazza della Signoria, came to life, illuminated by some of the most iconic images of Scuderia Ferrari from its 999 Grands Prix so far, from the early days and the exploits of the great Italian drivers, such as Alberto Ascari, Piero Taruffi and Luigi Musso, to the most successful era, featuring the trio of Michael Schumacher, Jean Todt and Ross Brawn, to the present day, not forgetting other great Ferrari champions, such as John Surtees, Niki Lauda and Jody Scheckter. Accompanying these images was the evocative flute playing of Andrea Griminelli.

Greeting. At the end of the show, the evening continued with a gala dinner in the Salone dei Cinquecento in Palazzo Vecchio, where President Elkann took to the stage to welcome everyone: “We celebrate an exceptional number that brings with it others: we are the only team that has taken part in every year of the F1 World Championship since 1950. The team has no equal in terms of its success, with 16 constructors’ titles, 15 drivers’ titles and 238 race wins, a rate of almost one in every four races,” he began. “And we are fortunate to be able to do so at our own Mugello track, as it hosts a Formula 1 Grand Prix for the very first time.”

The President then thanked all Ferrari personnel: “I take this opportunity to emphasise the contribution of everyone, the mechanics and engineers, as well as all those who do not work at the race track, but who work with the same passion every day in every area, from design, to car production, logistics, safety and every other department of Scuderia Ferrari.

Future. President Elkann then looked to the future: “As we celebrate our first thousand races, we are already looking ahead, already thinking about the next thousand. We are proud to be part of this new Formula 1, a decision confirmed a few days ago thanks to the signing of the Concorde Agreement, because we believe in the will of those who manage our sport and want to make it bigger and more spectacular, while preserving its DNA.” He then had a thought for the “tifosi”: “Without a doubt the support the Scuderia gets from fans all around the world is truly special. Of course, now they are disappointed, and they let us know it. But it is them we think of first when we go racing, because, as our founder said, Ferrari is made first and foremost of this, of its people, and the fans are an integral part of the team. This has been a difficult season so far,” concluded President Elkann. “But I know that we have the right people, in terms of skills, competence and passion that will allow us to win again. I am absolutely certain of one thing, that in the next one thousand Grands Prix we will win more races than we have to date.

Sunday on the track. 

The celebrations for Ferrari’s 1000th Formula 1 Grand Prix continue Sunday at Mugello with a very special tribute. Shortly before 2p, the most successful car in the history of the Prancing Horse, the F2004 that Michael drove in his last championship winning year, will be fired up and the noise of its V10 engine will ring out with Mick Schumacher at the wheel. Mick is currently racing in F2 and leads the championship. He will do a few laps of the track, which is bound to delight the three thousand or so fans that have been admitted to the grandstands, the very 1st time this season that spectators have been allowed to attend a race.

Ferrari is The Aristocrat of the automotive sector.

Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos

HeffX-LTN overall technical outlook for RACE is overall Very Bullish, the Key resistance is 203.16, Key support is at 191.97.

Our overall technical outlook is still Bullish with a Very Bullish bias in here, my Key indicator is Very Bullish, the stock is very oversold.

Ferrari finished Friday at 191.72, +3.86 in NY it’s all time high was marked at 199.97 marked intraday Wednesday, 26 August. The stock is trading intraday at 190.55, +4.71.

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.

Ferrari will continue to create value the long term as it becomes the world’s 1st Super Luxury brand.

Ferrari is a quality 1st long term luxury products investment, and I called it at it at 200+/share ATV (after the virus) and sided with BAML to 230 long term, then…

Thursday, 13 August I raised my long term target to 300, a Strong Bull call.

Ferrari has an average rating of “Buy” and an average target price at 194.33.

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term ATV and siding with BAML to 230 long term for now.

The stock is now considered defensive in the sector.

Have a healthy weekend, enjoy the racing.


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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.