Daytona and Le Mans Racers Will Develop Prototypes Suitable for Both 24-hour Races

Daytona and Le Mans Racers Will Develop Prototypes Suitable for Both 24-hour Races

$RACE

The Rolex 24 and 24 Hours of Le Mans are alike in 1 way, time, but different because the featured cars have their differences.

That will change, as the 2 sanctioning bodies governing those events struck an agreement to develop a Top-tier prototype that will carry the name LMDh capable of capturing the overall win at Daytona and in France.

The Automobile Club de l’Ouest (ACO), which sanctions the World Endurance Championship, and the International Motor Sports Association (IMSA), which sanctions sports-car races in North America, signed an agreement Friday that will result in a car category that can be run in national and international events.

Officials from both sides of the agreement called it “a common future with convergence of the top categories of endurance racing.

The car will debut in the FIA World Endurance Championship in the fall of Y 2021 then compete in the 2022 Rolex 24.

The concept is an evolution of the current DPi machine raced in the IMSA series, where any car manufacturer may put their engines into 1 of race-dedicated chassis built by Dallara, Ligier, Multimatic and Oreca.

Specifically, the 2 sanctioning bodies were inspired by elements from each of their respective regulations, namely from the ACO’s Le Mans Hypercar and those in preparation by IMSA for the DPi 2.0.

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 Bullish to Very Bullish, there is light resistance at 176.24, and Key support is solid at 171.84, 3 of our Key indicators are Very Bullish, and the stock has established strong long term support ahead of this coming breakout North.

Ferrari finished at 172.48, +0.22 Friday in NY.

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

Have a terrific weekend

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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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