Ferrari (NYSE:RACE) Optimistic, Will Challenge Hard at Monza

Ferrari (NYSE:RACE) Optimistic, Will Challenge Hard at Monza

Ferrari (NYSE:RACE) Optimistic, Will Challenge Hard at Monza


Ferrari says it is convinced that it has ‘turned the corner” on its recent F1 racing struggles, and that is now ready to challenge for podium finishes despite missing out on a Top 3 finish at the Belgian Grand Prix last Sunday.

Scuderia Team drivers Sebastian Vettel and Kimi Raikkonen’s hopes of challenging Mercedes and Red Bull for the win at Spa-Francorchamps were gored at the 1st corner, when Max Verstappen barged the line into the corner causing extensive damage to all 3 racers, though, amazing enough they all 3 finished.

And on the back of a recovery that got Mr. Vettel up to 6th and Mr. Raikkonen 9th, Ferrari team principal Maurizio Arrivabene thinks there is reason to be optimistic about the performance his Team showed overall.

“Something for me that is encouraging is that after the accident, both cars, they were really damaged on the floor and other parts of the car,” he said.

“Even so the performance… now they are much stronger and the performance we had, considering this damage, was quite good. So we have turned the page and we look forward to Monza with positive hopes.”

Both Messrs Raikkonen and Vettel felt that they could have taken Pole position in Belgium were it not for time lost at the final corner in Q-3 Saturday afternoon.

When asked by the press if he felt the promise was track-specific or a sign of genuine progress, Mr. Arrivabene said: “As you know all the tracks have different characteristics, but I think it was also a good sign considering the reaction of our guys on Friday, not only here, but also at home.

“As I said many, many times, underneath we have some people who are trying to depict a different situation.

“The Ferrari Team is very compact, we are all united here and at home and we are looking all together and looking forward to have a good race at the Italian Grand Prix at Monza this Sunday.”

Monza is Ferrari’s home track.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 48.55  30 Aug 2016 -0.12 48.39 48.6 48.35 389,300
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.37) Neutral (0.21) Bullish (0.46) Bullish (0.44)

Stay tuned…




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