Ferrari (NYSE:RACE) Celebrates its Success at Le Mans 24 Hours

Ferrari (NYSE:RACE) Celebrates its Success at Le Mans 24 Hours

$RACE

Museo Ferrari (NYSE:RACE) in Maranello is staging a special exhibition marking Ferrari’s Le Mans 24 Hours story.

The star attraction is a 166MM Barchetta Touring like the car used to take Ferrari’s 1st Le Mans win in Y 1949. Also on stage is the 275P that won the Y 1964 edition of the race with Jean Guichet and Nino Vaccarella.

In celebration of 70 yrs of Ferrari victories in the world’s most famous endurance race, visitors can look back over Ferrari’s 9 overall Le Mans wins and many class successes with the help of some of the cars involved as well as multimedia and interactive content.

The exhibition opens with the 2.0-litre 166 MM Barchetta Touring, similar to the car raced by Lord Selsdon and Luigi Chinetti in June 1949, on Ferrari’s debut at Le Mans.

The race car was a development of Enzo Ferrari’s 1st production car.

British aristocrat Lord Selsdon, who entered the car, and the US-based Milanese driver Luigi Chinetti faced a large number of cars with 2X the engine capacity of the Ferrari. Nevertheless, they won at an average speed of over 80mph.

Mr. Chinetti went down in history by driving for all less 72 mins of the race as Lord Selsdon was ill and unable to drive more than 1 short stint early Sunday morning.

The exhibition also includes the 275P in which Guichet and Vaccarella won Le Mans in Y 1964 at an average speed of more than 120mph, ahead of 2 Ferrari 330Ps.

Bringing the Ferrari Le Mans story up to date is the 488 GTE with which Alessandro Pier Guidi, James Calado and Daniel Serra won in class last year, handing Ferrari its 27th class victory 70 years after the 1st overall win for the 166 MM.

Visitors can relive this achievement through the ‘Le Mans Experience‘, a film that combines images of the race with some of the messages recorded by the drivers and the teams during the races.

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 Bullish to Very Bullish, there is light resistance at 175.00, and Key support is solid at 171.27, the stock has established strong long term support.

Ferrari finished at 171.97, -0.68 Thursday in NY.

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 and siding with BAML to 230 long term for now.

Stay tuned…

 

Have a terrific weekend.

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