Ferrari (NYSE:RACE) Impressions of the Portofino 

Ferrari (NYSE:RACE) Impressions of the Portofino 

Ferrari (NYSE:RACE) Impressions of the Portofino

$RACE

Remember that when Ferrari (NYSE:RACE) introduced the California in Y 2008 many of us felt that the car heavy, under-powered and unfocused, not a Ferrari. Now I have learned that it was meant to be a Maserati.

Ferrari rectified the issue in Y 2014 with the addition of a turbocharged engine as part of a major update and called it the California T. This gave the car more performance it needed but it was still too heavy, which in turn hampered the handling and dynamics. The car weighed more than 3,500 lbs dry.

Now the Portofino on sale this Summer represents a 2nd major update for Ferrari’s entry-level offering. This time, the Maranello designers focused on the chassis and body, which thanks to new construction techniques has seen overall weight reduced by 176 lbs and rigidity increased by 35%.

Like the California and California T, the Portofino is a convertible with a retractable hardtop, a GT at its core.

This time the driver will not be disappointed at the track, not only because of the new chassis but also increased power.

Under the hood is an enhanced version of the 3.9-liter twin-turbocharged V-8 in the California T, which thanks to new internals, a new intake and a few other tweaks sees output rise 40 hp to a new total of 592. With the extra power, a sprint from 0-62 mph makes in 3.5 secs.

Ferrari Portofino

Drive is to the rear wheels via a 7-speed dual-clutch transmission, and to ensure smooth power delivery there’s a system that adjusts torque delivery to suit the selected gear.

The Portofino has electric power steering, and Ferrari insists it is for the better. The steering ratio has been reduced by 7% with the electric setup, which makes for sharper handling, and the electronic differential at the rear has been integrated with the traction and stability control system, which Ferrari says improves both mechanical grip and control at the limit.

Portofino is a GT, not a hardcore Supersports car, as there’s 2+2 seating and comfort is amplified with 18-way electrically adjustable seats that provide greater leg room over the California T, plus a new wind deflector that reduces airflow by 30% in the cabin. The car is also technologically up to date with a 10.2-in touchscreen display for the infotainment.

The Portofino is priced from $211,000 in the USA, and deliveries are being made.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 142.31 13 July 2018 2.65 143.25 143.7 141.89 342,095
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.30) Neutral (0.24) Bullish (0.43) Neutral (0.22)

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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