F1: Ferrari’s(NYSE:RACE) ‘Bad Saturday’ at Hockenheim

F1: Ferrari’s(NYSE:RACE) ‘Bad Saturday’ at Hockenheim

$RACE

FLASH: Grim describes Ferrari’s (NYSE:RACE) performance in Qualifying for the German Grand Prix at the Hockenheim.

Unrelated problems garaged Messrs Sebastian Vettel and Charles Leclerc, so that they were unable to capitalize on the potential they had shown in Free Practice.

Mr. Vettel’s qualifying was over before it started. On his lap out of the pits, the he felt a drop in power, which was traced to an airflow problem for the turbo. He managed to bring his racer back to the pits but it proved impossible to fix the in time. So, he starts from the back of the grid at 20th.

Mr. Lelerc made it through to Q2 with a best time of 1’12”229 on the Soft tires, fitting the Mediums for the 2nd phase. Where he posted a 1’12”344 and returned to the garage. A problem was then discovered on his racer, this time linked to the control system for the fuel pump. The mechanics tried to get him back out on track before the end of Q3, but no go. He will start from 10th on the grid.

MercedesAMG’s Lewis Hamilton is on the Pole.


“It is a shame for us to have finished qualifying this way. The weekend was going well up to that point and the car felt really good throughout. Sometimes, these things just happen.
It is difficult for a team to miss an opportunity with 1 car, but when it happens with both it is even harder to take. I will start the race with a positive mindset tomorrow and will fight to gain as many positions as possible, especially in the beginning. I have confidence in our pace and nothing is over until we see the Chequered flag,
” Mr. Leclerc said.


Mr. Vettel said,“I was looking forward to having fun this afternoon, as the car has been really competitive all weekend. So what happened is definitely a great shame. I had a good feeling from the car yesterday and it was even better this morning. We had a chance to start from first place, but now we start from last. Of course it is bitterly disappointing, especially that this should happen here at my home race, in front of such a large crowd of fans.
It could not have happened at a worse time. As for the problem itself, I had no warning that anything was wrong and as I exited the pits, I just lost power. But I am still looking forward to the race and I will try my best to make up as many places as possible, in the hope of at least bringing home some points.”

Mattia Binotto Team Principal said, “At the moment the entire team is bitterly disappointed. We feel especially sorry for our drivers who were in with the chance of doing something special for the people back in the factory who are working so hard and for all our fans.
We are now carrying out an in-depth analysis of what happened. What we do know is that they were two completely different problems, neither of which had ever occurred before. The first indications from Sebastian’s car lead us to believe it could be related to a component on the intercooler. The component is to the same specification as those used previously and it was fitted new. Charles had a problem with the fuel pump control unit.
We have shown this weekend that our race pace is good, which makes it even more frustrating that we were not able to show what we could do in qualifying.
We are angry with ourselves and I myself feel responsible for what has happened. But I am also aware that we must react calmly and do our best tomorrow. That’s what we’re here to do
.”

Mr. Vettel had hoped this past year is the anomaly in his F1 racing career and not the beginning of the end. His fans are pulling for him the turn the page this weekend at Hockenheim, I am 1 of them.

Unfortunately, that has not yet happened, turbo problems in Qualifying sent him to the garage.

Ferrari have suffered an incredible 2X disaster at the German Grand Prix qualifying with both Sebastian Vettel and Charles Leclerc suffering shock early exits. If the crew gets the racers right it will be a hard charging event for these racers, and exciting to watch.

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 lite at 176.44, and very strong support at 166.10, all Key indicators are Very Bullish in here. Ferrari finished at 167.51, -0.51 Wednesday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame.

Stay tuned, there is F1 racing Sunday at Hockenheim, Germany click here for the schedule

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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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