Ferrari's Q3 results

Ferrari's Q3 results

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SSO

Original Poster:

1,450 posts

198 months

Monday 9th November 2020
quotequote all
I just took a look at Ferrari's Q3 results and posted an article on it. On paper quite impressive but it look like they were quite dependent on the Monza SP1 & SP2 to deliver the bottom line. F1 remains a major drag. Also major portfolio proliferation overview the past decade.

f1ten

2,162 posts

160 months

Tuesday 24th November 2020
quotequote all
Cracks are appearing in all the car manufacturers. The hamster wheel Has to slowdown at some point

SSO

Original Poster:

1,450 posts

198 months

Tuesday 24th November 2020
quotequote all
f1ten said:
Cracks are appearing in all the car manufacturers. The hamster wheel Has to slowdown at some point
I think the hamster died of Covid back in May.

Ferruccio

1,840 posts

126 months

Tuesday 24th November 2020
quotequote all
SSO said:
f1ten said:
Cracks are appearing in all the car manufacturers. The hamster wheel Has to slowdown at some point
I think the hamster died of Covid back in May.
I think the hamster died of greed, not Covid.

SSO

Original Poster:

1,450 posts

198 months

Tuesday 24th November 2020
quotequote all
Ferruccio said:
SSO said:
f1ten said:
Cracks are appearing in all the car manufacturers. The hamster wheel Has to slowdown at some point
I think the hamster died of Covid back in May.
I think the hamster died of greed, not Covid.
Well the hamster was definitely a glutton.

sparta6

3,734 posts

107 months

Wednesday 25th November 2020
quotequote all
Ferrari doesn't need F1 any longer.
The hybrid rules were geared up to suit Mercedes in any case.

Ferrari could just compete in Le Mans and still shift bucket loads of street cars smile


Van Dessel

156 posts

65 months

Friday 27th November 2020
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That's a very interesting insight and one I've not heard before, perhaps b/c they've been there since 1949 or 1950?

I partially agree as personally the endurance cars "do it" for me much more than the current F1 cars which leave me cold.

Watching a bit of Lemans the last 3-4 years, a constructor like Ferrari might get more air-time if they challenged in 'halo' LMP1 or the organizers cut the categories down to 3 instead of 4. Ferrari feels buried in GTPro and GTAM with AM, Porsche, Vette etc.

One cool aspect of the GTE is that the public see more than one of your designs race b/c there's a rule the AM teams have to use last year's whereas the Pros use the current model - so a F8 and a 488 in road terms (ok they didn't field the F8 but that's another story). From a consumer POV this is good because you see the latest model and can lust after that if you're rolling in it, or can lust after the older model if slightly more impecunious.

SSO

Original Poster:

1,450 posts

198 months

Friday 27th November 2020
quotequote all
sparta6 said:
Ferrari doesn't need F1 any longer.
The hybrid rules were geared up to suit Mercedes in any case.

Ferrari could just compete in Le Mans and still shift bucket loads of street cars smile
Ferrari already sells all the cars they can make so don't need LeMans to boost sales any further.

Ferrari does need F1 though as in a decent year it is a major profit contributor for them.

sparta6

3,734 posts

107 months

Wednesday 2nd December 2020
quotequote all
SSO said:
sparta6 said:
Ferrari doesn't need F1 any longer.
The hybrid rules were geared up to suit Mercedes in any case.

Ferrari could just compete in Le Mans and still shift bucket loads of street cars smile
Ferrari already sells all the cars they can make so don't need LeMans to boost sales any further.

Ferrari does need F1 though as in a decent year it is a major profit contributor for them.
I would agree. Ferrari doesn't need either Le Mans or F1 in order to sell their cars.

In financial terms, a profitable year in F1 is probably cancelled out by the lean years, of which there have been many. Schumacher obviously changed that but they have been in decline pretty much ever since.

Of bigger consequence is the reputational damage by languishing near the back of the grid.
Lamborghini withdrew from F1 and was the better for it.

The slowest cars in F1 are Ferrari powered.
FIA development freezes meant that Mercedes are always ahead. Their street Truck turbo department was part of their PU advantage.