F1: The Current Pirelli Tire Process is “wrong” for Ferrari

F1: The Current Pirelli Tire Process is “wrong” for Ferrari

$RACE

The Ferrari (NYSE:RACE) F1 team Boss has questioned the current process for establishing the tire specification for the season, following the debate over supplier Pirelli’s thinner-tread Y 2019 rubber.

Ferrari was among the teams lobbying for a mid-season return to last year’s tire construction, and its SF90 has been one of the cars that has been struggling the most with keeping the current-spec rubber in the right temperature frame.

The proposal was ultimately shot down as a June vote yielded a 50:50 split, falling short of the required 7-team threshold to push through the change.

Ferrari team boss Mattia Binotto questioned the 70% rule, arguing that it would have only made sense if it had also been a requirement for the original spec decision for the start of the year.

The current process for me looks wrong,” Mr. Binotto said. “Because, there were the tires which are decided for the season, to change them you need 70% of the team in agreement.

If we could 1st decide for the season what should be the spec at 70% of team approval, that then I am happy that we can revert at 70%.

But here at the moment we have no power on, let me say, what could be the tire choice for the season, and then we can only at 70% change it.”

With it suggested that the tire spec has hindered Ferrari and Red Bull Racing’s chances of taking on MercedesAMG, Mr. Binotto said earlier in the season that he felt “really ashamed” about the failed vote, as it was “a great opportunity to close the field”.

He has emphasized that he was not looking to blame Pirelli, and has applauded its efforts to provide teams with target letters outlining tire characteristics.

“It’s nothing to do with Pirelli, I think they are trying to do their best,” Binotto continued.

We have got a target letter where we are trying to specify what should be the tyre specification, the target letter did not exist in years past.

“Today they are always trying to improve how to approach the technical exercise.

But the target letter is only indicating what should be tire degradation, what should be the delta laptime between the compounds, but it is certainly not specifying which should be the working range, et cetera.

In that respect again we cannot blame Pirelli.

Certainly today the tires are difficult to warm up, very narrow window, overheating when they are sliding or when you are behind another car.

So is that something that should be done differently or improved for the future? Yes.

Again, I do not think Pirelli should try to support or help a particular team, I think they should try to deliver the best product for the F1, then I think we should as well understand what’s the best process, to make sure that we are not falling into a situation as we are this season.”

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 Neutral to Bullish, overhead resistance is at 156.06, and support at 149.35, all Key indicators are flashing Neutral to Bearish in here. Ferrari finished at 153.22, -1.89 Friday 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.

Have a terrific weekend

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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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