Home Ferrari F1: Vettel: Ferrari (NYSE:RACE) Not in Control of Formula One Racing

F1: Vettel: Ferrari (NYSE:RACE) Not in Control of Formula One Racing



Sebastian Vettel believes his Ferrari F1 team is “quite far” from its ambition of being able to control races given its performance is so track dependent this season.

Ferrari (NYSE:RACE) has shown enough pace to be in contention at several races this season but goes into the summer break without a victory in 12 attempts.

The team is working to improve its car’s peak down-force levels, as it is currently reliant on circuits with long straights and fewer corners to be competitive.

It endured its worst performance of the season in terms of pace in Hungary before the Summer break.

Mr. Vettel said: “We have room to improve, in the corners is where we’re lacking.

With that obviously comes the advantage on the straight, one goes with the other, but if we could make a trade then we would go for it.

We’ve been adding small bits to the car. They were working [in Hungary], but obviously not big enough to really get close.

There might be tracks coming up next, especially with Spa and Monza, that might be better for us.

But in the end, our ambition is to really force things to happen, [to] be in control of the race.

“Where we are now, we’re quite far away from that.”

Mr. Vettel said the spirit inside Ferrari remains “good“, despite the setbacks the team has faced this year.

He believes that Ferrari was aware of its “limits” in qualifying at the Hungaroring, so the disappointing race result did not come as a surprise or knock morale further.

We got a confirmation, so I don’t think it’s a step back,” he said. “We had some bits, it was a small step forward, but what it shows is that it’s not enough.

“It’s important that the mood inside the team remains positive, which is the case.

Mr. Vettel called for “calm” from Ferrari as it continues to search for an end to its winless run in Y 2019.

But Mr. Vettel admitted he has to be “critical” of himself as well – having previously only rated his 1st 12 races as a collective 5 out of 10.

Here and there, I didn’t do the best job,” said Vettel. “That’s something I need to focus on and get better in the 2nd half.

The last couple of races were maybe a bit better for me, whereas some races, in the beginning, I struggled more with quite a lot of things.

It’s clear we’re not where we want to be, you look at the points table, you look at a race like [Hungary], you look at the areas in tracks where we’re lacking performance.

We’re addressing those things. We’re working very hard, we’re not short of commitment.

The Key is to remain calm, do our homework and try to catch up as much as we can.

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 161.92, and support at 156.52, some Key indicators are still flashing Bearish in here. Ferrari finished at 158.87, 1.23 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

Previous articleHedge Funds Go ‘All in on Gold’
Next articlePresident Trump Moving to Restrict Abortions
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.