Geneva: Ferrari (NYSE:RACE) to Debut 1st Hybrid Supercar in May

Geneva: Ferrari (NYSE:RACE) to Debut 1st Hybrid Supercar in May

$RACE

Iconic Italian Super carmaker Ferrari (NYSE:RACE) has announced that it plans to unveil its 1st hybrid supercar at the end of May.

The Maranello Outfit’s CEO Louis Camilleri told reporters in Geneva that it is likely to be more powerful than a previous model leFerrari

The combustion engine, a V8? will be smaller, stronger and cleaner than a previous model, according to people familiar with the project. The electric motor will provide the car with added power

A Big Q: Will it have the same Ferrari sounds?

The Big A: Yes, and more!

Industry executives and their teams are showing off their latest models and discussing strategy at the annual Geneva Motor Show this week.

The Ferrari F8 Tributo

The 488 GTB is history, and in its place is this — the F8 Tributo. Borrowing its hardcore aero-focused looks from the 812 Superfast and other new Ferraris, the F8 packs a 710-hp V8 engine just behind the driver, which is good for a 2.9-sec sprint to 62 mph. It’s more aerodynamically efficient, but it’s also some 88 lbs lighter than before.

Ferrari’s Brand: Ferrari became the world’s strongest brand, with a score of 94.8 out of 100 and an AAA+ rating just last month.

The Italian supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.

Ferrari is the Aristocrat of the automotive sector.

HeffX-LTN overall technical outlook for RACE is Bullish across the board, and there is very little resistance here and none above 140.26. All of our Key indicators are Very Bullish in here.

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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