Ferrari (NYSE:RACE) Hints at a Modern Interpretation of the 250 GTO

Ferrari (NYSE:RACE) Hints at a Modern Interpretation of the 250 GTO

Ferrari (NYSE:RACE) Hints at a Modern Interpretation of the 250 GTO

$RACE

Italian coachbuilder Ares Design is working on a modern interpretation of the Ferrari 250 GTO, as its latest project (pictured above)

The  Modena-based company, provided the 1st details on the project last Friday.

The Ares’ 250 GTO coachwork is designed to fit the chassis of Ferrari’s 812 Superfast and F12 Berlinetta models. Should a buyer submit the 812 Superfast as the donor, the clienti would be looking at a modern supercar combining the 250 GTO’s lines with 789 horsepower.

Ares started the project on request of a customer.

But, now the Ares may be willing to build more than just that 1 Supercar. Pricing depends on demand but Ares is looking at a starting price below $1.16-M, which includes a 812 Superfast chassis, the project is still in the planning stage.

Ares founder Dany Bahar understands the significance of the 250 GTO and wants to hear feedback from fans of the Ferrari icon as well as Ferrari before proceeding.

“In my view, the 250 GTO is the most iconic sports car ever produced, and the Holy Grail of motoring,” he said. “Maybe people will think that some cars do not  need to be redone. We will listen.”

Should a Green light happen, Ares says it will be able to have the 1st car ready within 12 months.

Ferrari has its own program for iconic Supercars,

In September announced the Icona series for coach-built retro cars, the 1st of which at the Monza SP1 and SP2. Plus, it hinted at the possibility of building 250 GTO recreations.

In the past Ferrari has built cars with lines influenced by the 250 GTO. Recall, the 1-Off  SP America of Y 2014, though the Ares recreation is more faithful to the lines of the original 250 GTO.

The company has made modern interpretations of classic Ferraris. And concurrent with the 250 GTO project, Ares is working on a modern interpretation of the Ferrari 412 based on the chassis of the modern GTC4 Lusso.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 137.77 1 October 2018 0.86 139.67 139.81 137.15 435,700
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.26) Bullish (0.31) Neutral (0.24) Neutral (0.22)

 

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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