Ferrari’s (NYSE:RACE) 488 Pista Wins Supercar of the Year Award

Ferrari’s (NYSE:RACE) 488 Pista Wins Supercar of the Year Award

Ferrari’s (NYSE:RACE) 488 Pists Wins Supercar of the Year Award

$RACE

  • Plus, the 488 Pista’ s 3.9 litre twin-turbo V8 delivers 710hp, and is the best engine in the World

Ferrari (NYSE:RACE) managed to make 700bhp Supercar usable, and fun to drive.

Ferrari’s latest mid-engined Special Series V8, the 488 Pista, has been nominated “Supercar of the Year” by BBC Top Gear Magazine. This brings Ferrari’s tally of BBC TopGear Awards to 16, and complements the 488 GTB which won the same Supercar of the Year award in Y 2016.

When deciding on the Ferrari 488 Pista as the Supercar of the Year, the editors at BBC TopGear were overwhelmingly impressed by the 488 Pista’s playfulness and the ease with which Ferrari’s control systems allowed the driver to enjoy the full 710hp available from the car’s award-winning twin-turbo V8 saying:  “The Pista is a natural-born performer, a four-wheeled peacock wearing white and blue war paint, constantly wanting to be under the spotlight while creating a plume of smoke out of its arches from disintegrated rubber.”

The Ferrari 488 Pista’ s 3.9 litre twin-turbo V8 delivers 710hp and was nominated the best engine in the World in the Y 2018 International Engine of the Year Awards, for the 3rd year running that Ferrari’s V8 has taken this award.

The 488 Pista takes inspiration and technology from the Maranello Outfit’s 488 Challenge and 488 GTE race cars which compete at the highest levels of motorsport all around the world.

The Ferrari 488 GTE is the car fielded in the FIA World Endurance Championship, the pinnacle of GT racing, where it won 2 consecutive GT Manufacturers’ titles and no less than 5 titles in total since the championship’s inception in Y 2012.

With the Ferrari Genuine Maintenance package that covers all major servicing costs for 7-years, the 488 Pista is a world-beating Supercar that can be driven every day.

Ferrari is the Aristocrat of the world’s automotive sector, and its stock pays a dividend.

Note: 1 of my 3 Key technical indicators Monday, turned from Very Bearish to Very Bullish in 1 day on low volume, RACE has been oversold since 4 October.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 109.28 26 November 2018 2.62 107.99 109.39 107.79 212,811
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bearish (-0.41) Bearish (-0.28) Bearish (-0.46) Very Bearish (-0.50)

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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