F1: Ferrari (NYSE:RACE) Barcelona Testing News “Blackout”

F1: Ferrari (NYSE:RACE) Barcelona Testing News “Blackout”

F1: Ferrari (NYSE:RACE) Barcelona Testing News “Blackout”

$RACE

The Italian media is outraged at Ferrari for turning its low-profile preseason strategy into a total news “blackout”.

After President Sergio Marchionne admitted his “bold” declarations made him look “silly” last year, Ferrari has taken a very quiet approach to its Y 2017 F1 preparations.

F1 Ferrari 2017 New Car SF70H

The new Ferrari F1 racer came out of the works with a reliable, technically courageous and very fast/est car for Winter testing in Barcelona.

The Scuderia’s lead team driver, Sebastian Vettel, was banned from talking to the media Monday.

“Ferrari do not speak,” Leo Turrini said. “But they are happy with the outcome of the first day of testing.”

But the “blackout” has not been as warmly received by the Italian media.

“Low profile is acceptable,” said La Gazzetta dello Sport’s Luigi Perna, “but not complete silence.

Mr. Turrini said the decision was made by President Marchionne himself, causing an extreme reaction from the Italian newspaper La Repubblica.

“Starting the season with a news blackout is absurd,” the paper declared.

“After the sad living nativity scene of the car launch comes this meaningless news blackout. A low profile asked by Marchionne is one thing, but this carelessness is quite another.”

So for now, any commentary made about Ferrari is being left to others.

The Mercedes looks very sophisticated. As for Ferrari, it looks very complicated, said one of the “others”.

Toro Rosso technical boss James Key agreed: “The Ferrari looks really interesting — it is not like the other cars.”

And former F1 driver Marc Surer said in Barcelona: “The Ferrari makes a good impression on me. You can see they’ve done a good job in the Winter.

From the sound of the engine, Ferrari is in no way inferior to Mercedes. Now we will wait to see if that is synonymous with race winning performance this season.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 65.48 8 March 2017 -0.11 65.92 65.94 65.43 198,800
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Very Bullish (0.53) Bullish (0.41) Very Bullish (0.56) Very Bullish (0.62)

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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