F1: Ferrari’s (NYSE:RACE) Vettel “Very much like Schumacher”

F1: Ferrari’s (NYSE:RACE) Vettel “Very much like Schumacher”

F1: Ferrari’s (NYSE:RACE) Vettel “Very much like Schumacher”

$RACE

Ferrari F1 Team boss, Maurizio Arrivabene, has stated that the Scuderia’s 2 legendary German recruits, Michael Schumacher and Sebastian Vettel, are very similar to each other.

He also made a great prediction about the latter: “I think he [Vettel] is similar to Schumacher: he is German, but very Italian inside and destined for Maranello from an early age. And I am sure that sooner or later Sebastian Vettel will win the World Championship at the wheel of Ferrari.”

Mr. Vettel committed a lot of mistakes at various points to throw away a championship lead and Mr. Arrivabene admitted that it looks almost impossible to win now.

“It has become a mission impossible this year, but it’s not over.

However, he also retained a slight ray of hope.

 “In Austin, however, we do not leave beaten, I want to say it clearly.” 

The Scuderia fans have been unimpressed with the slump and had even gone as far as starting a petition to get Fernando Alonso back at the team.

Recall that Mr. Alonso famously never won a championship with Ferrari, though he did come close in Ys 2010 and 2012. It was envisaged as a dream partnership but Ferrari just could not develop the right car to challenge the might of Red Bull Racing in the initial part of the decade.

What Mr. Arrivabene says does have an element of truth to it.

When the young Mr. Vettel won his 1st championship in 2010, the obvious similarities between him and Mr. Schumacher began to crop up as fans started to take notice.

He went on to emulate Mr. Schumacher to an extent too, winning 4 consecutive world championships but has stalled since then. This year, the situation seemed to have been tailor-made for Ferrari to break out.

Now with only 4 races to go, it seems they have foregone that chance and will have to concentrate on being equally, if not more, strong next year with Messers Vettel and Leclerc in the drivers seats.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 115.01 15 October 2018 -1.29 114.68 116.08 114.37 651,200
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Neutral (-0.20) Neutral (-0.17) Very Bearish (-0.50) Neutral (0.06)

Stay tune…

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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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