F1: Ferrari (NYSE:RACE): “We have no reason to change drivers”


Ferrari’s (NYSE:RACE) team manager Mattia Binotto says there is no reason to change Ferrari drivers.

Mattia Binotto says Ferrari will head into Y 2020 with an unchanged driver lineup.

There has been high speculation about the future of Sebastian Vettel, with the latest theory being that he could return to Red Bull Racing next year.

Mr. Vettel gives himself a 5 out of a possible 10 for his 1-H of the season.

Yeah 5, not happy with the 1st half,” he said.

But, for team boss Binotto, that is no reason to not honor Mr. Vettel’s 2020 contract.

We have a couple of high-level drivers and I see no reason why we have to change anything,” he told reporters.

“Both have a contract and there is no doubt that Mr. Vettel will be with us in 2020.”

On Charles Leclerc

Mr. Binotto also commented on Charles Leclerc, who had a strong start to his 1st Ferrari season, but also made mistakes.

Charles is in his 1st year with Ferrari and there is a lot of pressure,” he said. “He has made some mistakes but he is all about learning and not repeating them.

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 Neutral to Bullish, overhead resistance is at 164.82, and support at 160.48, some Key indicators are flashing Neutral to Bullish in here. Ferrari finished at 160.82, +2.79 Tuesday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame.

Stay tuned…