Ferrari’s orders accelerate after coronavirus hit to full-year outlook

Ferrari 488 Challenge

Ferrari has trimmed its full-year earnings forecast on Monday following the decline in second-quarter income of about 60% because of the impact of the coronavirus crisis but said orders were “very strong,” sending the luxury automaker’s shares increased almost 4%. Chief Executive Louis Camilleri informed analysts that last quarter’s order book was up double digits […]

Ferrari to gradually resume operations in Italy from Monday

Images of Ferrari 812 Superfast

Luxury automaker Ferrari stated on Thursday it would resume operations at its Maranello and Modena plants on May 4, when Italy is set to begin removing lockdown measures. The two facilities, both situated in Italy’s northern Emilia-Romagna region, remains shutdown since mid-March when Rome imposed curbs on people’s movements and froze manufacturing activities regarded as […]

Ferrari makes parts to turn snorkel masks into covid-19 kit

Images of Ferrari 812 Superfast

Luxury automaker Ferrari has started making parts to convert snorkel masks into respirators for treating patients with covid-19 coronavirus and protecting medical workers. The idea of adapting the masks, originally suggested by Italian engineers, is now being used in several countries to deal with the increase in demand for respirators during the pandemic. Ferrari on […]

Ferrari and Fiat to help Italy make ventilators in coronavirus crisis

Coronavirus

Italian automakers Ferrari and Fiat Chrysler are in discussion with the nation’s biggest ventilator manufacturer to help increase production of the life-saving machines that are urgently required in the coronavirus crisis, company officials stated on Thursday. Italy is at the epicenter of the pandemic and its government has started a big expansion of the number […]

Ferrari is the newest member to European auto lobby ACEA

Images of Ferrari 812 Superfast

Italian automaker Ferrari has become the newest automaker to join the European automakers’ association (ACEA), the auto lobby stated on Tuesday. ACEA is dedicated to the producers of passenger cars, vans, trucks, and buses with production sites located in the European Union and provides benchmark data on vehicle registrations. Ferrari’s membership took effect on January […]