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BMWYY - Ferrari At A Fork In The Road
January, 04 2021 11:29 AM
Bayerische Motoren Werke AG ADR
Ferrari built their legacy off the success of F1 racing but have turned their back on Formula E in the face of the EV evolution. BMW cites no technological benefits in Formula E racing, joins Ferrari and Honda on the sidelines. Honda takes one step further and exits F1, making it a little easier for Ferrari's future ICE winning. I will be watching from the sidelines as RACE has an ever-increasing P/E ratio, an uncertain EV future and is in the process of a CEO search. For further details see:
Ferrari At A Fork In The Road
Stock Information
Company Name:
Bayerische Motoren Werke AG ADR
Stock Symbol:
BMWYY
Market:
OTC
Website:
bmwgroup.com
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