Ferrari (NYSE:RACE) says, Sebastian Vettel Not Headed to MercedesAMG

Ferrari (NYSE:RACE) says, Sebastian Vettel Not Headed to MercedesAMG

Ferrari (NYSE:RACE) says, Sebastian Vettel Not Headed to MercedesAMG

$RACE

Ferrari team principal Maurizio Arrivabene says The Scuderia’s F1 drivers Sebastian Vettel and Kimi Raikkonen are not in line for a move to Mercedes to replace Nico Rosberg, who has retired.

Sebastian Vettel, a 4X F1 champion and current Ferrari team driver was touted as a potential target for Mercedes, but Ferrari boss Arrivabene said Ferrari will not get involved in any way with Mercedes’ “Nico problem.”

“I would like to be in the position of MercedesAMG’s team principal Toto Wolff,” he said, “in the sense that he has won the world championship. But with his ‘Nico problem’ I leave it completely to him. We have 2 drivers, they are under contract for next year, so it’s not my problem. Toto will find a solution.”

Mr. Vettel was frustrated toward the end of the Y 2016 season.

But, Mr. Arrivabene insists Ferrari made noticeable strides forward as the season closed.

“It’s useless to hide,” said Mr. Arrivabene. “The season was disappointing for us. But from Japan, there were encouraging signals for next year. The beginning of the season had all the perfect hopes, but during the year we noticed certain processes were not working — above all, regarding the aerodynamics.

“A correction was made but, unfortunately, too late. In Japan, we started to get a glimpse of the work of the new group, and it was a very important signal.”

Symbol Last Trade Date Change Open High Low Volume
 NYSE:RACE 56.88 9 December 2016 0.11 56.82 56.95 56.78 271,600
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.35) Bullish (0.34) Bullish (0.42) Bullish (0.29)

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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