F1: Ferrari (NYSE:RACE) Mick Schumacher Likely to Get a Seat

F1: Ferrari (NYSE:RACE) Mick Schumacher Likely to Get a Seat

$RACE

Ferrari believes its junior driver Mick Schumacher would be a “good candidate” for a F1 seat in the future.

The son of 7X F1 world champion Michael, Mick Schumacher finished 12th overall in his maiden F2 season in Y 2019, scoring a victory in the reversed-grid race at the Hungaroring.

He also completed his 1st 2 official F1 test days last year, running first for Ferrari then Alfa Romeo at the post-Bahrain Grand Prix test in April.

Team boss Mattia Binotto said Ferrari was “expecting much” from Schumacher in Y 2020.

We are very proud having made him part of the FDA,” said Boss Binotto. “That’s it for the obvious love, not only because he is Michael Schumacher’s son, but because I think he’s a good driver, he actually performed well even in this season.

“If you look at the standings you can see some experienced drivers on top, but he had one good season to gain experience.

And if you look in term of rookies, too, he was doing well. He was a rookie. So, I think that next season will be key for him to understand how much he’s progressing.

We are expecting much from the next year because he will have one season of experience and we are pretty sure he’s a good candidate for F1 in the future.”

Boss Binotto added that it is too soon to judge whether young Mr. Schumacher will be a prospect for the main Ferrari team.

Any initial F1 promotion would likely come at Alfa Romeo, as Ferrari controls one of the seats at the Sauber-run squad.

Will he be a candidate for Ferrari either in the future? It’s really too early on,” he said.

“But again, the aim of the FDA is to find the next talent for Ferrari and he is part of the FDA, because finally, we believe he’s got the talent to stay in this group.

“2021 will be too early for one of our young talents, too. In 2021 some experience from drivers will be important because it’s a completely new type of car.”

My sources indicate Mr. Schumacher being evaluated for the 2nd Alfa seat, but a combination of his F2 results and Antonio Giovinazzi’s improved form in 2-H of the season meant the Italian was ultimately given another year in F1 at Alfa.

Mick Schumacher will partner fellow Ferrari junior Robert Shwartzman at Prema in F2 this year, while 3 more Scuderia proteges: Marcus Armstrong, Callum Ilott and Giuliano Alesi will join them on the grid as part of ART, Virtuosi and HWA respectively.

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 167.04, and Key support at 164.09, 3 of our Key indicators are Neutral to Bullish, and the stock has established strong long term support ahead of this coming breakout North.

Ferrari finished at 166.73, -1.78 Friday 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 terrific week

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