F1: Ferrari’s (NYSE:RACE) Vettel and Leclerc to Start 2020 Season as Equals

F1: Ferrari’s (NYSE:RACE) Vettel and Leclerc to Start 2020 Season as Equals

$RACE

Charles Leclerc and Sebastian Vettel will start the 2020 F1 season as equals, according to Ferrari team boss Mattia Binotto.

Boss Binotto accepted the picture has changed after a campaign that saw Mr. Leclerc finish ahead of the 4X world champion in the drivers’ standings, claiming 7 Pole positions and 2 race victories.

Mr. Vettel had 2 Poles and 1 race win, finishing Y 2019 in 5th place, 24 points adrift of his team-mate.

Boss Binotto vowed they would be free to battle each other next year, praising Mr. Leclerc for his superb start to his joining The Scuderia.

“Obviously now we just finished the season and there will be time from now to Australia, but when we started this season, the situation was quite different,” Boss Binotto said.

“We had a rookie and an experienced driver. If you look at the last races they were free to race and I think that is where we start from in 2020.

“Charles surprised everybody, not only myself. He is very fast, he has proved to manage the pressure and proved to manage the entire season.

“He’s good in battling, he’s good in racing, so we are very happy with him. His season has been outstanding. 

“Starting 7 times on pole, two victories, on his very 1st year and finishing ahead of Sebastian in the championship, it’s still an achievement.”

Ferrari ended 2nd in the constructors’ championships but only 3 race wins seemed like a low return for a car that was quickest on multiple circuits, as emphasised by their qualifying results.

We did our best each time but obviously we are unhappy for the performance of the car and unhappy for some mistakes we did, for reliability problems we had, and maybe some decisions,” said Boss Binotto.

We’ve now got some time ahead and we are trying at least to create some solid foundations with the team, with our organisation, and eventually try to challenge the others in a better way next year.

The 1st of 22 races on the Y 2020 schedule will be the the Australian Grand Prix on 15 March.

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 Nil, and Key support at 167.46, as all Key indicators are Bullish and the stock has established long term support ahead of this breakout.

Ferrari finished at 167.62, -0.40 Wednesday 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.

Stay tuned…

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