|Day's range||0.3800 - 0.5800|
MILAN (Reuters) -Ferrari has no plans to purchase other sports car makers, the company's Chief Executive Benedetto Vigna said on Monday. "I don't think it makes sense for us to buy other supercar makers," Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by the Italian company. "Ferrari is a high luxury (company) with technology playing an important role," he added, reiterating that its strategy relied more on partnerships and stressing the importance for luxury companies to maintain their "DNA".
ALSN vs. RACE: Which Stock Is the Better Value Option?
As the end of Succession nears, another billionaire power struggle is playing out in Italy.
A court in Turin is set to rule in the coming weeks on an inheritance dispute dividing the Agnelli family, the founders of the Fiat car company and arguably the best known of Italy's business dynasties. The case stems from the estate of Gianni Agnelli, the celebrated Fiat boss who was a symbol of Italy's post-war economic boom and died two decades ago. It pits Agnelli's daughter Margherita, who inherited 1.2 billion euros ($1.3 billion), against three of her eight children including her eldest, John Elkann, the chairman of Ferrari and carmaker Stellantis.
CVGI vs. RACE: Which Stock Is the Better Value Option?
Ferrari's plans to continue building internal combustion engine cars powered by so called e-fuels does not conflict with its target to become carbon neutral by 2030, its chief executive said on Tuesday. "The two (targets) are very much compatible," CEO Benedetto Vigna told the Financial Times' 'Future of the Car' conference. Vigna had previously welcomed a European Union decision to exempt cars that run on e-fuels from its planned 2035 phase-out - or 2036 for so-called small volume manufacturers like Ferrari - of combustion engine vehicles.
Economists have historically done a bad job at predicting recessions. Although Ferrari is a household name, many may be unfamiliar with the iconic Birkin or Kelly bags of Hermes. The products of LVMH Moët Hennessy Louis Vuitton (LVMH for short) are more accessible.
Yahoo Finance’s Pras Subramanian joins the Live show to discuss key takeaways from Ferrari’s Q1 earnings call and CEO Benedetto Vigna’s remarks on the Italian luxury sports car manufacturer’s Purosangue SUV.
Italian automaker Ferrari reported a strong start to the year, as first quarter earnings highlighted the continued strength of its core, luxury clientele.
Ferrari (RACE) delivered earnings and revenue surprises of 10.83% and 4.22%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
MILAN (Reuters) -Ferrari on Thursday produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong second quarter, when deliveries start for its new Purosangue model, for which waiting lists extend to 2026. The Italian luxury sportscar maker said it was reopening orders for the Purosangue four-door, four-seater, which had been suspended due to initial "unprecedented" demand. CEO Benedetto Vigna said Ferrari's overall order book covered production until the end of 2025.
Investing.com -- Ferrari NV (BIT:RACE) has posted stronger-than-expected income in the first quarter, as the Italian sports car maker was boosted by an uptick in prices and an almost 10% rise in vehicle deliveries.
Italian sports car maker Ferrari said it has signed a deal with Enel's Enel X to build a 1 megawatt peak (MWp) solar energy plant next to its Fiorano test track in order to offer green energy to the local community. The so-called Ferrari Energy Community should be completed by December and is expected to have an annual average production capacity of about 1,500 megawatt hours (MWh). Local citizens, institutions, commercial activities and factories will also be allowed to link up to the solar plant, Ferrari said on Tuesday.
ALSN vs. RACE: Which Stock Is the Better Value Option?
Lear (LEA) delivered earnings and revenue surprises of 9.02% and 6.19%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Harrow Health and CDW have been highlighted as Zacks Bull and Bear of the Day.
Volkswagen's (VWAGY) efforts in electric vehicle production, battery technology, sustainable raw materials sourcing and charging infrastructure position it well to achieve its ambitious goals and drive its future success.
Toyota's (TM) bZ3 electric sedan, powered by BYD technology, makes a remarkable debut with 5,000 orders on the first sales day, signaling its promising future in the EV market.
Genuine Parts (GPC) delivers a comprehensive beat in first-quarter 2023 due to better-than-expected sales across both of its segments.
Lithia (LAD) misses sales and earnings estimates in first-quarter 2023, owing to lower-than-expected revenues from used vehicle retail, service, body and parts, finance and insurance and fleet and others segments.
Ford (F) is set to import the redesigned China-made Lincoln Nautilus SUV for sale to the U.S. market, aiming to achieve manufacturing efficiencies while navigating potential political criticism.
Here is how QuantumScape Corporation (QS) and Ferrari (RACE) have performed compared to their sector so far this year.
What do sports cars, handbags, and sodas have in common? These brands are well insulated from the macro headwinds.
In 1977, a Ferrari owner offloaded his 1962 250 GTO because his wife complained it was too noisy, recounts Andrea Modena, head of Ferrari's classic car division. In 2018, the same Ferrari model became the most expensive car ever sold when it fetched $48 million at auction. Last year, that record was flattened by a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé that raced to 135 million euros ($149 million).
Yahoo Finance automotive reporter Pras Subramanian joins the Live show to discuss the key takeaways from Ferrari's shareholders meeting.