Ferrari (NYSE:RACE) Celebrates 90 Yrs of Racing


Ferrari (NYSE:RACE) is celebrating its 90th anni in racing with a special exhibition at the Ferrari Museum in Maranello, Italy opened on 5 June and will be welcoming visitors until May 2020.

The Ferrari you are likely most familiar with celebrated its 70th anniversary back in Y 2017, but the Scuderia Ferrari racing outfit actually predates the road car division.

The story of Scuderia Ferrari starts nearly a century ago when Enzo Ferrari was building and racing race cars for Alfa Romeo.

In Y 1939, he left the team and started building his own race cars but an agreement with Alfa Romeo prevented him from using his name on the vehicles for the first four years.

Thus, Enzo went on to establish a company dubbed Auto Avio Costruzioni and introduced its first model, the 815, for the Y 1940 racing season.

Ferrari’s exhibition at its Maranello Museum includes some of the finest vehicles throughout its long and storied history.

These include the Ferrari D50 which was driven by Juan Manuel Fangio to a F1 world championship. Other cars on display include the 246 F1 driven by Mike Hawthorn to a world championship and the 156 F1 driven by John Surtees in Y 1963.

The 1932 Alfa Romeo 8C 2300 Spider, which was the 1st car to feature Ferrari’s prancing horse makr, is also on display alongside more recent race cars like Michael Schumacher’s F2004 and Kimi Raikkonen’s F2007.

Exclusive road cars are also featured, including a 288 GTO, F40, F50, Enzo, a LaFerrari, and a full-size mock-up of the P80/C 1-off racer.

Ferrari is the Aristocrat of the automotive sector.

The 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 Bullish to Very Bullish, there no overhead resistance now, and support at 150.54, all of our Key indicators are Very Bullish in here. Ferrari finished at 154.63, -0.09 on the day in NY Wednesday

Stay tuned…