Ferrari said on Tuesday its Dutch parent company Ferrari N.V. has strengthened ties with the Italian tax authority by joining a compliance programme that includes regular and preemptive checks aimed at preventing potential tax disputes.
Ferrari (RACE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States.
Ferrari said on Wednesday it would extend its scheme to accept payments in cryptocurrency for its luxury sports cars to its European dealers network from the end of this month, after starting in the United States last year.
Ferrari leads the Luxury Performance Car Industry with a 25% market share and plans to release its first electric car in Q4 2025. Financial performance is strong, with revenue growth of 7% and earnings growth of 12%, but the stock's growth prospect is limited. Despite excellent business performance, Ferrari shares are overvalued based on P/E, suggesting caution for potential investors.
Growth in electric vehicle sales has been slowing, but the Italian luxury carmaker is stepping up investment and setting ambitious targets.
Luxury sports car maker Ferrari on Monday announced two new warranty extension schemes allowing owners of its hybrid models to have the batteries of their vehicles replaced at given times.
Ferrari will use its new production site to boost manufacturing flexibility and shorten the time needed to develop and roll out new models, rather than to increase output, the CEO of the Italian luxury sports carmaker said on Friday.
I have been neutral on Ferrari NV (RACE, Financial) for some time. However, with momentum dwindling and the stock's valuation unjustifiable in my view, I am expecting to see the car company give back some of its gains in the second half of the year.
The price tag, which doesn't include features and personal touches that typically add 15-20%, is well above the average sale price of around 350,000 euros, including extras, for a Ferrari in the first quarter of this year.
Chinese carmakers have urged Beijing to hit back against European Union tariffs on electric vehicles (EVs) with "the most severe measures" At a private meeting organized by China's Ministry of Commerce, car manufacturers reportedly called on their government to retaliate by imposing tariffs on imported European vehicles with high-powered engines, Bloomberg reported today. German carmakers and Britain's Jaguar Land Rover, which makes Land Rover Discovery and Land Rover Defender models in Slovakia, could be affected, along with the Italian luxury brand Ferrari (NYSE:RACE), said the report.
Ferrari (NYSE:RACE)'s maiden electric vehicle will cost a minimum of €500,000, amid plans for the luxury carmaker to open a site aimed at developing the new model, reports from Reuters revealed. A new production plant is expected to help boost manufacturing of the EV, hybrids and ICEs by as much as a third.