Legendary F1 Racer Designer Returns to Ferrari (NYSE:RACE)
Formula 1 designer Rory Byrne’s, 72 anni, return to Ferrari (NYSE:RACE) was on the QT for many months, but his presence with Jock Clear at the Autosport Awards showed he is very much part of the family now.
Mr. Byrne was Ferrari’s chief designer during the dominant Michael Schumacher era, is now dividing his time between Ferrari and Thailand, where he has devoted himself to his passion of underwater fishing.
Over this past year Mr. Byrne has been working closely with Simone Resta on Ferrari’s Y 2017 F1 racecar, code 688 on what people say are the development of concepts that go to the limit of regulations theory.
It is an aggressive approach that Ferrari has not pursued in recent years, but rivals like Red Bull and MercedesAMG have always been keen to push things to the limit of the rules in their quest for Winning.
But with new regulations coming in Y 2017, which are expected to deliver a laptime improvement of 5 secs, there is talk that Ferrari’s technical director Mattia Binotto’s efforts are paying off.
At the Ferrari Mondiali in Daytona last weekend, team principal Maurizio Arrivabene said in an interview: “Our 2017 began last August with a major change on the technical front.
“People expect a lot from Ferrari, wins and success, therefore we will do our utmost to achieve that. But ever since the new structure was put in place, with a great engineer like Mattia Binotto in charge, we have seen positive signs, as in Japan and Abu Dhabi.”
The Big Q: How is it conceivable that a team that did not win a single race in Y 2016 can hope to become competitive without much recruitment from outside and having lost a Key Scuderia team member in James Allison.
The Big A: Ferrari President Sergio Marchionne: “We have reorganized the management in August, and I have every confidence in the work of Mattia Binotto. The structure I believe is now very good – although some change is always possible. But the Key building blocks are in place.”
The restructuring that is talked about involves 14 separate working groups, and a more horizontal structure that allows more input from more staff. Marchionne has laid down some ambitious targets, as he is determined for Ferrari to make the most of the opportunity given by new regulations.
At the factory in Maranello there is optimism about progress, because the car that is emerging is in line with expectations, and the numbers from the simulators and wind tunnel are encouraging.
Inside The Scuderia, there is the feeling that the team ‘must’ get back on Top, and confidence it is working towards that goal. But can Ferrari under Mr. Binotto really come with ideas that effectively challenge MercedesAMG and Red Bull?
We will learn more with the 1st Winter tests when the cars debut in Barcelona.
The Whispers: Ferrari under Mr. Byrne’s tutelage has found Key solutions that come from very astute interpretations of the new rules.
That be true, it means the new Ferrari should have a more aggressive approach to its Y 2017 design than we saw with the SF16-H.
|NYSE:RACE||56.86||12 December 2016||-0.02||57.07||57.32||56.49||383,700|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Bullish (0.35)||Bullish (0.34)||Bullish (0.42)||Bullish (0.29)|