F1: Ferrari (NYSE:RACE) Declared “very early” 2020 Racecar Launch

F1: Ferrari (NYSE:RACE) Declared “very early” 2020 Racecar Launch

$RACE

Ferrari (NYSE:RACE) believes it will be the 1st F1 team to launch a Y 2020 racecar after committing to reveal date for its newest contender.

The iconic Italian team will continue with the same driver line-up of Sebastian Vettel and Charles Leclerc, and is in the final design and homologation stage of its Y 2020 racer.

Team Boss Mattia Binotto told the media, the car will be unveiled on 11 February, 8 days before testing begins.

We will launch the car very early,” said Scuderia Team Boss Binotto. “I think we will be the earliest.

The reason why we are anticipating the launch and the unveiling, and then moving on, is we must see some dyno homologations before going to Barcelona.

We are launching the car on the 11th of February 2020, because soon after we’ve got an intense bench programme before testing begins.”

Testing has been reduced from 8 to 6 for Y 2020, to help compress the season’s schedule. 2 3-day tests will be run, the 1st from 19-21 February and 2nd from 26-28 February.

The Y 2020 Ferrari will retain the matte Red paint introduced this year for weight-saving purposes, with the minimum weight being raised by 2kg amid team concerns.

Competitively, the car will be tasked with ending a 12-season title drought for Ferrari, which has not won a championship since Y 2008. 

Its Y 2019 racer, the SF90, was fast, inconsistent and unreliable.

Ferrari scored 9 poles in Y 2019, but only won 3 races due to a mix of reliability problems and driver or team error.

We cannot be the favorites for 2020,” said Boss Binotto. “The ones that won the championship this year, the ones that won the last 6 titles are setting the bar and are having the fastest car by the end of the season.”

So we are the challenger. That’s where we are positioning ourselves.”

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 Very Bullish, overhead resistance is 171.90, and Key support at 167.18, 2 Key indicators are now Very Bullish (the stock is very oversold) and the stock has established long term support ahead of this coming breakout North.

Ferrari finished at 168.01, -0.58 Tuesday in NY.

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

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

Have a Happy Holiday Week.

 

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