F1: Mick Schumacher to test for Ferrari (NYSE:RACE)and Alfa Romeo (NYSE:FCAU)

F1: Mick Schumacher to test for Ferrari (NYSE:RACE)and Alfa Romeo (NYSE:FCAU)

$RACE, $FCAU

The son of F1 Ferrari (NYSE:RACE) great Mick Schumacher will take part in his 1st official F1 test sessions for both Ferrari and Alfa Romeo, a brand of Fiat-Chrysler (NYSE:FCAU) in Bahrain next week.

The 1st in-season test of Y 2019 will takes next Tuesday and Wednesday following this weekend’s Bahrain Grand Prix.

Young Mr. Schumacher is now a member of the Ferrari Driver Academy (FDA) following his European F3 Championship victory last year, and has been entrusted with a day’s testing for Ferrari Tuesday, following in the footsteps of his father Michael who won 5 drivers’ championships with The Scuderia.

“I am obviously more than excited, and would like to thank Ferrari for giving me this opportunity,” Mr. Schumacher said. “I am really looking forward to what I’m sure will be a great experience. But for the moment, I am consciously putting all thoughts of the test to one side, because I am also very much looking forward to competing in my first F2 race and would like to focus a hundred percent on the weekend to come.”

After his day with Ferrari, Mr. Schumacher, who will make his F2 debut for Prema in Bahrain this weekend, will then switch teams to drive for Alfa Romeo on the 2nd day of the test, while fellow FDA member Callum Ilott will get to test for Alfa at the 2nd in-season test in Barcelona in May.

Ferrari team boss Mattia Binotto says the opportunity for both drivers to spend time in F1 machinery is part of their ongoing development, singling out 1 of his current race drivers as an example of how it can soon lead to a full-time drive.

“We are firm believers in the value of the Ferrari Driver Academy, as a high level training program for talented youngsters and the decision to give Charles Leclerc a race seat with our team is proof of that,” Mr. Binotto said. “We are therefore very pleased to be able to give Mick and Callum the opportunity to experience driving a Formula 1 car.

“Mick, who joined the FDA in January, and Callum, who has been with us since 2017, are definitely drivers on their way up and I believe that driving the SF90 in an official setting such as the tests in Bahrain and Barcelona can be very useful at this stage in their career.”

Sebastian Vettel will follow Schumacher in driving on day 2 of the Bahrain test for Ferrari. Teams have to use 2 of the 4 in-season test days to give track time to rookie drivers, defined as any driver to start no more than 2 Grands Prix.

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.

Stay tuned…

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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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