Ferrari (NYSE:RACE) Adds V6 to its Engine Mix

Ferrari (NYSE:RACE) Adds V6 to its Engine Mix

$RACE

Ferrari (NYSE:RACE) has spoken of plans to add a V6 turbo to its engine lineup without dropping its 2 other benchmark engines the V12 and V8. The brand’s SVP of commercial and marketing, Enrico Galliera said, “So the technology we are going to have, V12, V8, V6 turbo. Hybrid will give us the possibility to have a platform that we can mix to achieve emissions targets.” There has been chatter around when and where the V6 in turbo and/or hybrid form would surface. Now it possible that we have had our 1st sound check for it, thanks to 4 brief videos on Instagram as a mule motored around the Fiornino test track.

The camouflaged 488 mules lapping the circuit wear camouflage like that on a 488 mule spotted on Maranello roads with an electricity warning sticker on its trunk.

We know little about Maranello’s V6. But, the consensus is that the hybrid unit will enter production around Y 2022 and produce more than 720 hp.

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 overall Neutral with a Bullish bias, there is Key resistance 156.00, and Key support is at 148.91.

Our overall technical outlook is Bullish to Very Bullish in here

Ferrari finished Wednesday at 154.76, -2.15 in NY.

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is not considered defensive in the sector.

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.