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F1: Ferrari (NYSE:RACE) Did Not Challenge MercedesAMG at the French Grand Prix

$RACE

Sebastian Vettel acknowledged “we failed” after Ferrari (NYSE:RACE) failed again to challenge MercedesAMG as Lewis Hamilton ran Pole to Chequered flag in France Sunday afternoon.

MercedesAMG have won every F1 race so far this season and the stunning run continued with Mr. Hamilton leading a 1-2 with Valtteri Bottas at the French Grand Prix.

Ferrari’s Charles Leclerc came 3rd, Mr. Vettel finished 5th, he was hoping The Scuderia would make up some ground on its rival.

“We wanted to close the gap to Mercedes and we did not, so, in that sense, we have to be honest, we failed,” Mr. Vettel said.

“But I think we tried everything we could. And Charles’ podium is at least a little satisfaction.

“Like I said, though, the big goal was to come here and eliminate the difference to them. Unfortunately, our parts did not work as we expected.”

Team principal Mattia Binotto was a bit more optimistic and added: “In terms of performance, we are not yet where we want to be.

“We knew this circuit would be tough for us and to finish with Charles right behind Bottas is encouraging.

“The developments we have introduced since the Spanish Grand Prix have allowed us to close the gap and we have shown that we are on the right path.

“Some of these updates have proved to be very useful, others unfortunately less so, but we know that we have potential to improve significantly.

“At this point, we are confident, aware that there is still a lot to do, but that we have the ability to develop the car and to be competitive on all tracks.”

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 Very Bullish, there no overhead resistance now, and support at 159.19, all Key indicators are Very Bullish in here. Ferrari finished at 162.21 + 1.05 Friday in NY.

Austria GP this weekend, tune in.

Have a terrific week

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