Ferrari’s (NYSE:RACE) Purosangue Now Due in 2021

Ferrari’s (NYSE:RACE) Purosangue Now Due in 2021

$RACE

Originally planned for a bow in Y 2020, Ferrari’s FUV, the Purosangue, has been pushed up 2021.

He said the FUV would ride on a version of Ferrari’s (NYSE:RACE) front-engined platform, a modular design whose latest iteration underpins the Roma gentleman’s sports car.

The platform is capable of fitting V-6, V-8 and V-12 engines, along with all-wheel drive and plug-in hybrid capability, we are not likely to see the V-12 in the FUV.

A test mule using the body of the GTC4 Lusso was spotted in Y 2018. Its proportions suggest the Purosangue will be a low, sleek offering and not a traditional SUV. Ferrari refers to it as a “Ferrari Utility Vehicle.”

This is backed up by comments made by former Ferrari CEO and Chairman Sergio Marchionne who in Y 2018 said, “the vehicle will look like whatever a Ferrari utility vehicle needs to look like, but it has to drive like a Ferrari.

The Purosangue is one of 15 models Ferrari will introduce by the end of Y 2022, the first of which was this year’s F8 Tributo. It is a Key unit in the Maranello Outfits 5 year plan to boost sales beyond 10,000 cars annually, up from about 8,000 at now.

Ferrari is the Aristocrat of the automotive sector.

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 Very Bullish, overhead resistance is 171.90, and Key support at 167.18, 2 Key indicators are now Very Bullish (the stock is very oversold) and the stock has established long term support ahead of this coming breakout North.

Ferrari finished at 168.01, -0.58 Tuesday 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.

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 Happy Holiday Week.

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