|Day's range||0.6800 - 0.6800|
MOD vs. RACE: Which Stock Is the Better Value Option?
MILAN (Reuters) -The head of Ferrari on Monday welcomed plans to exempt cars that run on e-fuels from the European Union's planned 2035 phase-out of new combustion engine vehicles as they will give the luxury carmaker "greater freedom" on its power systems. The European Union and Germany have reached a deal allowing new cars powered by combustion engines (ICE) to be sold beyond the 2035 deadline, or 2036 for so-called small volume manufacturers like Ferrari, if they run on carbon-neutral e-fuels. "The good news for us as a company (...) is that on top of electric cars, we'll also be able to go on with our internal combustion engines ones," CEO Benedetto Vigna told a Reuters Newsmaker event.
Italy's largest construction company Webuild surprised markets on Thursday by indicating its core profit would almost double in 2025, after growing as much as 30% this year. Under a new three-year plan unveiled on Thursday, Webuild said it had already won 53.4 billion euros worth of orders, which covers 95% of its expected revenues and profit targets for the 2023-2025 period. Shares in Webuild closed up 12% after the plan with traders noting that the 2023 core profit goal of 720 million euros to 760 million euros was well above a market consensus of 580 million euros.