F1: Ferrari’s (NYSE:RACE) Leclerc to Use Same Engine at Shanghai, Bahrain Problem Identified

F1: Ferrari’s (NYSE:RACE) Leclerc to Use Same Engine at Shanghai, Bahrain Problem Identified

$RACE

It was the cruelest of scenarios, Charles Leclerc was all set to win his 1st Grand Prix after a brilliant performance in Bahrain, only for a power unit issue meaning he limped home 3rd. 

But ahead of next weekend’s Chinese Grand Prix, at Shanghai, he has at least received some good news regarding that engine…

As each driver is limited on the number of engine components they can use over the course of the season, a terminal failure so early in the campaign can have serious consequences – in the form of grid penalties for new parts – later in the year.

Ferrari Team Principal Mattia Binotto said after the race that the Monegasque’s engine had dropped an engine cylinder and analysis was under way to look into what happened.

On Friday, Ferrari said they have traced the fault to a “short circuit within an injection control unit”. They added “this type of problem had never been seen before on the component in question”.

As a result, Mr. Leclerc will use the same power unit at Shanghai.

Source: F1

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.

Ferrari is the Aristocrat of the automotive sector.

HeffX-LTN overall technical outlook for RACE is Bullish across the board, and there is very little resistance here and none above 140.26. All of our Key indicators are Very Bullish in here.

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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