F1: Ferrari (NYSE:RACE) “Has a lot of potential to unleash”

F1: Ferrari (NYSE:RACE) “Has a lot of potential to unleash”

F1: Ferrari (NYSE:RACE) “Has a lot of potential to unleash”


Ferrari’s (NYSE:RACE) Sebastian Vettel promises the Maranello Outfit has “a lot of potential to unleash” when the F1 season resumes after the Summer break.

The 4X world champion trails MercedesAMGs’ Lewis Hamilton by 24 points after last weekend’s Hungarian Grand Prix, and Ferrari has a 10-point deficit in the constructors’ championship.

Ferrari has made strong progress with its car and engine as the season has developed and Mr. Vettel should be leading the championship, but he crashed while leading last month’s German Grand Prix, which allowed Mr. Hamilton an surprise victory.

Both manufacturers will be introducing what should be their final engine upgrades of the season at the Belgian or Italian GPs after the break.

Asked about the momentum in the title battle, Mr. Vettel said: “As we have seen this year the pendulum seems to swing once this side, once that side.

“If it’s like this, consistency is the Key. I did not do myself a favor in Germany, but it’s part of racing, stuff happens.

“Compared to last year, we lost the championship because our car wasn’t quick enough to be a match in the final part of the season, despite what happened with the DNFs.

“This year has shown so far that our car is more efficient, our car is stronger and still has a lot of potential to unleash.

“I’m quite confident with what’s sitting in the pipeline that we can improve. It should be an exciting second part of the year.”

Mr. Hamilton said the ups and downs experienced so far in Y 2018 countered any expectation 2-H of the season would go like last year and he did “absolutely not” feel like he was beginning to take a grip of the title fight.

“It’s far too early,” he said. “I do not believe there’s ever a moment that you’ve got your hands on the title or the trophy.

“We have got a long, long way still to go. A lot can happen but what’s really important is that we continue to keep up the pressure and keep working as we have done until now.

“There’s nothing we really need to alter. I think our work ethic has been very strong and the team morale is better than ever, the spirit is better than ever.

“We came to the last race, they kind of blew us away a little bit in qualifying, they would have done here [Hungary] had it been dry. I’m not really certain what to expect.”

MercedesAMG team boss Toto Wolff wants to match Ferrari’s recent gains in engine performance, and says he is not willing to accept that the Italian manufacturer has taken the upper hand in terms of power output saying, “I would rather go up in flames, that be beaten by Ferrari.”

MercedesAMG dominated the 1st 3 seasons under the current turbo hybrid regulations, but in the past 2 years Ferrari has made steady progress to close the gap. Evidence from recent races suggests Ferrari is now ahead in terms of engine performance, giving its drivers a distinct advantage on the straights at the last 3 races.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 124.84  3 August 2018 -1.34 130.85 131.05 123.5 2,837,500
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bearish (-0.29) Neutral (-0.23) Bearish (-0.25) Bearish (-0.39)

Have a terrific weekend

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