On a historically track difficult for Ferrari (NYE:RACE), the 488 GTE # 51 of AF Corse, crewed by Alessandro Pier Guidi and James Calado, started from the 2nd row in the 4 Hours of Shanghai in Season 8 of the FIA World Endurance Championship.
After waiting a few mins before taking to the track, James Calado in the 488 GTE #51 recorded the 2nd-fastest time of the 1st part of the session with 1:59.816, before making way for Alessandro Pier Guidi. The Italian driver improved on his partner’s time, clocking 1:59.588 on his last lap. The crew’s overall time of 1:59.687 yielded 4th position, just 534 thousandths behind the Porsche no. 92 in pole.
Davide Rigon was first to take to the track behind the wheel of the 488 GTE no. 71 of AF Corse. After recording a single lap time of 1:59.880, he handed over to Miguel Molina. The Spaniard set a best lap of 2:00.255, hampered by traffic on one of his attempts. An average time of 2:00.067 for the 2 performances gave the Italo-Spanish duo fifth place on the grid.
However, the Ferraris enjoyed a good qualifying considering that both cars used a single set of tires throughout the session.
Maranello’s cars endured a difficult time in the LMGTE Am class, where the 488 GTEs finished in the middle of the group, in a session that saw the Porsche #56 of Team Project 1 in Pole. AF Corse #54 was the best-placed Ferrari in qualifying, with Giancarlo Fisichella and Thomas Flohr clocking the 6th-fastest combined time of 2:02.404. MR Racing’s entry set off immediately behind them, qualified by Kei Cozzolino and Motoaki Ishikawa just 198 thousandths of a sec behind their teammates.
The leaders in the class standings qualified in tenth with François Perrodo and Nicklas Nielsen recording a time of 2:03.001, penalised by the performance ballast carried due to their previous results. The last car in the starting line-up will fly the colours of Red River Sport, qualified by Bonamy Grimes and Johnny Mowlem. The 2 British drivers failed to repeat the seventh position achieved in the free practice session.
The 4 hours of Shanghai set off Sunday at 12 pm. The Ferraris will need to overcome the jinx of a track where they have never won in the LMGTE Pro class, as well as to confirm their excellent start of the season in the LMGTE Am class.
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, overhead resistance is NIL at and support at 164.76 as 3 of our 3 Key indicators have turned Very Bullish and the stock has established long term support ahead of this breakout.
Ferrari finished at 165.44, -0.16 Wednesday in NY.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.
Have a terrific weekend