Ferrari’s (NYSE:RACE) 2018 F1 Racer Will be a ‘Monster’ or…

Ferrari’s (NYSE:RACE) 2018 F1 Racer Will be a ‘Monster’ or…

Ferrari’s (NYSE:RACE) 2018 F1 Racer Will be a ‘Monster’ or…

$RACE

Wednesday from the floor of the Detroit North American International Auto Show, Sergio Marchionne said it ispossible Ferrari has put together a “Monster” of a Formula 1 car for 2018, or …

The Y 2017 F1 constructor championship runner-up is calling its new car ‘Project 669,’ and it will be launched by Ferrari on 22 Feberuary.

“I was in Maranello for the last few days, and the guys are busy, but they seem too relaxed,” Ferrari President Marchionne said at the North American International Auto Show in Detroit. “I can only conclude that we have either made a real monster or garbage. We have done everything to have a super-strong car, but we will have to wait until February 22 when we reveal it.”

It has been reported that Ferrari veteran driver Kimi Raikkonen will have a new race engineer this year, as his regular Dave Greenwood returns to Britain. Mr. Raikkonen will be engineered by Carlo Santi, who was promoted from within The Scuderia.

Mr. Marchionne did not deny rumors that he has big plans in F1 for Alfa Romeo, as the Italian brand becomes Sauber’s title sponsor this year.

“We are sponsors, but it is a work in progress with Sauber. It will take time,” he said.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 119.75 Jan-17-2018 2.19 118.85 120.2 118.31 336,034
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.44) Bullish (0.40) Very Bullish (0.65) Bullish (0.26)

Stay tuned…

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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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