F1: Ferrari (NYSE:RACE) Qualified 3rd and 4th on the Grid at Spa

F1: Ferrari (NYSE:RACE) Qualified 3rd and 4th on the Grid at Spa

F1: Ferrari (NYSE:RACE) Qualified 3rd and 4th on the Grid at Spa

$RACE

FLASH Update: Nico Rosberg MercedeaAMG on the Pole, 2nd Red Bull Max Verstappen, 3rd  Ferrari Kimi Raikkonen and Ferrari Sebastian Vettel 4th

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Ferrari has a new engine specification for this weekend in Belgium.

The development follows a less than impressive mid-season period for The Scuderia, as it lags MercedesAMG and Red Bull too

Italian sources reporting that a new version of Ferrari’s ‘power unit’ has been packed for Spa-Francorchamps – even though it may not actually be used until next week at the Italian GP at Monza.

The report says that the new spec has cost Ferrari its last 3 development ‘tokens’ for Y 2016, but reliability concerns mean that it could be held back until the long straights of the team’s home race at Monza next weekend.

Team boss Maurizio Arrivabene thinks that engine development is not Ferrari’s priority in the race to re-pass Red Bull and chase down Mercedes. “Our car has two main shortcomings: aerodynamic efficiency and mechanical grip,” he told the press.

It means that while before the target was to win the F1 title, Ferrari now risks falling behind Red Bull in the lucrative constructors’ championship. “We do not exaggerate the situation,” Arrivabene insisted.

“In Budapest we were faster than them, so we can still overtake them. The gap will be contained already in Spa, where we hope to reverse the situation.”

Mr. Arrivabene also denied claims that Ferrari has actually already given up on Y 2016, having now turned its full focus to the new rules and car for next year.

“No,” he said, “Ferrari does not give up and under my management it never will.

“We are already looking ahead to next year’s car and will not find ourselves unprepared for the new rules, but right now I’m interested in this season.

“We have to solve every problem, and as quickly as possible.”

Ferrari sit 14 pts behind 2nd-placed Red Bull in the standings ahead of this weekend’s race in Belgium.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 48.74 26 August 2016 0.34 48.35 48.94 48.26 884,200
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.47) Bullish (0.39) Very Bullish (0.60) Bullish (0.41)

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Belgian Grand Prix, Below are the results from qualifying at Spa-Francorchamps, as follows:

Click here to read our full qualifying report.

Q3

  1. Nico Rosberg Mercedes 1:46.744
  2. Max Verstappen Red Bull +0.149
  3. Kimi Raikkonen Ferrari +0.166
  4. Sebastian Vettel Ferrari +0.364
  5. Daniel Ricciardo Red Bull +0.472
  6. Sergio Perez Force India +0.663
  7. Nico Hulkenberg Force India +0.799
  8. Valtteri Bottas Williams +0.868
  9. Jenson Button McLaren +1.370
  10. Felipe Massa Williams +1.519

Date: Sunday, August 28

Time: 1 p.m. (BST)/8 a.m. (ET)

TV: Sky Sports F1/NBCSN

Live Stream: Sky Go/NBC Sports Live Extra

Stay tuned…

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