F1: Ferrari (NYSE:RACE) Introduces its New SF70H Racer

F1: Ferrari (NYSE:RACE) Introduces its New SF70H Racer

F1: Ferrari (NYSE:RACE) Introduces its New SF70H Racer

$RACE

Friday, Ferrari (NYSE:RACE) revealed the SF70H, the car that drivers Sebastian Vettel and Kimi Raikkonen will be driving to glory in the Y 2017 Formula One season.

The Italian manufacturer released images of their latest innovation on Friday as Ferrari hope to make their way back into title contention in Y 2017.

Ferrari will be looking for major improvements with the SF70H this year after both Vettel and Raikkonen went without a win to their names last season.

The reputation of the constructor means Ferrari have come to expect a certain standard of competition each season, although Formula One writer Alan Baldwin noted an unfortunate coincidence of their latest car’s name:

The best Messrs Vettel and Raikkonen were able to muster last season was a handful of 2nd-place finishes apiece as they finished 4th and 6th in the drivers’ standings, respectively.

The hope is their luck will change in the SF70H, as Ferrari provided a more detailed look inside the car they hope can bring in their first drivers’ championship since Mr. Raikkonen grasped the title back in Y 2007.

Formula One previously explained that rule changes to the chassis and tires of the cars has put more of an emphasis on speed this season, and Ferrari’s evolution to the SF70H reflects those changes.

Perhaps most noticeable among said changes is the fin on the engine cover and the increased size of the tires, per Ferrari.

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This will also be Ferrari’s first full season without the services of former technical director James Allison, who left the manufacturer in July 2016 and recently joined rivals Mercedes, per the official Formula One website.

Ferrari have announced their newest creation before they’re scheduled to take it to Barcelona for 2 four-day testing sessions, the 1st of which runs from Monday until Thursday

The last few seasons in F1 have witnessed big changes to the power unit design and regulation, but this season’s changes to bodywork law promises to see some of the fastest times known to the sport.

Ferrari will bank on the SF70H being their Key to clocking the fastest laps for the time being, although we will not know what the creation is really capable of until F1 descends upon Catalonia next week.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 65.09 24 February 2017 -0.58 65.26 65.45 64.76 408,800
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Very Bullish (0.56) Bullish (0.44) Bullish (0.44) Very Bullish (0.79)

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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