Ferrari (NYSE:RACE), MercedesAMG Aligned on F1’s Future

Ferrari (NYSE:RACE), MercedesAMG Aligned on F1’s Future

Ferrari (NYSE:RACE), MercedesAMG Aligned on F1’s Future


MercedesAMG’s chief Dieter Zetsche says the German manufacturer shares its future vision for F1 with Ferrari (NYSE:RACE) as talks ramp up over the direction of the Tier 1 motorsport.

Head of Mercedes-Benz Dieter Zetsche says the German manufacturer’s future vision for F1 is “100% aligned” with rivals Ferrari despite it being less outspoken over the plans laid out by new owners Liberty Media.

Having enjoyed 4 years of F1 dominance with 4 straight World Drivers’ and Constructors’ Championships, MercedesAMG has been encouraged by the initial steps taken by F1 owners Liberty to improve the sport’s all-round attraction and engagement to fans.

Towards the end of Y 2017 , however, Liberty unveiled its plans regarding technical regulations, headed up by former MercedesAMG and Ferrari boss Ross Brawn, which were met by strong resistance from Ferrari with the Maranello outfit’s Chairman Sergio Marchionne threatening to ankle  the sport.

MercedesAMG also flagged up concerns about the plans, with particular focus around changes to standardising the existing power units, which could weaken its current dominance of F1 having produced the strongest power unit package in the V6 hybrid era.

Daimler AG’s (OTCMKT:DDAIF) Chairman and Mercedes boss Dieter Zetsche says he shares Ferrari’s thoughts and sees them as Key allies ahead of negotiations on F1’s future regulations.

“We are the good cop and the bad cop,” Herr Zetsche said in a recent interview. “We beat each other like crazy on the track and try to get every tenth of a second of advantage but at the same time we are 100% aligned on our thoughts in Formula 1 and our strategic actions in Formula 1. We are good friends.

“We are there to stay in Formula 1 but of course the platform itself has to stay meaningful and develop positively.”

MercedesAMG is looking for a 5th consecutive F1 World Constructors’ Championship in Y 2018 which would give the German manufacturer the outright 2nd longest title stretch in the sport’s history by surpassing Red Bull’s 4 between Y’s 2010 and 2013 and McLaren’s 4 between Y’s 1988 and 1991.

Ferrari holds the longest consecutive F1 World Constructors’ title run with 6 between Y’s 1999 and 2004.

Click for continuing reports on RACE

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 120.81 19 January 2018 1.43 120.79 120.93 119.88 210,508
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.37) Neutral (0.19) Very Bullish (0.65) Bullish (0.26)

Have a terrific weekend.

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