F1: Ferrari’s (NYSE:RACE) News F1 Racer Passes Crash Tests

F1: Ferrari’s (NYSE:RACE) News F1 Racer Passes Crash Tests

F1: Ferrari’s (NYSE:RACE) News F1 Racer Passes Crash Tests

$RACE

Friday, Ferrari’s (NYSE:RACE) latest Formula 1 contender successfully passed its FIA frontal crash tests, and it is believed to be the 1st Y 2018 racer tested.

The car, known as the 669, passed the tests at the FIA-approved CSI facility at Bollate, near Milan, under the supervision of technical director Mattia Binotto.

Earlier it passed the Key static tests.

The Scuderia reached the Key test mark 2 months before the scheduled launch of the new car on 22 February allowing plenty of time for further development.

Ferrari now has to comply with the recently issued Technical Directive 044 on steering and front suspension, which is intended to stop teams from lowering the front ride height in corners.

Ferrari and the other Top F1 teams in the process modifying the original geometry in order to remove any doubts about legality.

The new car is the work of the Maranello team led by chief designer Simone Resta and head of aerodynamics Enrico Cardile.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 106.54 22 December 2017 0.33 105.44 106.8 105.44 235,300
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bearish (-0.29) Neutral (-0.10) Bearish (-0.27) Very Bearish (-0.50)

Have a Happy Christmas Holiday Weekend.

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH