Ferrari

Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.

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Luxury carmaker Ferrari  is producing specialist valves at its Maranello factory to convert snorkel masks into respirators used to treat coronavirus patients, Chairman John Elkann said on Thursday.

Ferrari producing valves to convert underwater masks for Covid-19 treatment

The stock is proving resilient, jumping 13% in the last week.

Ferrari Stock Races Ahead Despite Coronavirus Recession, As Demand ‘Far Outstrips Supply’

Maranello, 10 April 2020 - Ferrari N.V. (“Ferrari” o la “Società”) (NYSE/MTA: RACE ) has extended the suspension of its manufacturing activity until 3 May 2020, in accordance with today’s Government announcement.

Ferrari extends Maranello and Modena manufacturing suspension until 3 May 2020.

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Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks.

Automakers push to reopen plants with testing and lots of masks

Ferrari  said on Wednesday it was piloting a project to conduct voluntary screening of employees and their families for coronavirus once the supercarmaker's factories in Italy reopen.

Ferrari to pilot 'Back on Track' employee screening for coronavirus

Maranello (Italy), 8 April 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) confirms that its Annual General Meeting of Shareholders (the “AGM”) will be held on 16 April 2020 in Amsterdam according to the previously announced agenda. Due to travel bans and local restrictions on meetings issued because of the Covid-19 outbreak, it is anticipated that executive directors will attend our AGM via remote connection. Furthermore, for health and safety reasons the Company will take several measures to minimize public health risks relating to the AGM and further measures will be introduced in the event local prescriptions should be amended. The Company, therefore, reserves the right to amend the physical arrangements on the day of the AGM, including refusing entry to the meeting to comply with health and safety requirements.

Ferrari N.V.: 2020 Annual General Meeting

Luxury group Ferrari  will pilot a project to conduct voluntary screening of employees and their families to better fight the novel coronavirus outbreak, the head of holding group Exor , which controls the supercarmaker, said on Wednesday.

Ferrari to pilot employee screening for coronavirus: Elkann

Maranello (Italy), 01 April 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:

Ferrari N.V.: Termination of the third tranche of the disclosed multi-year share repurchase program

Amid the debris of the global automotive industry, Italian luxury sports-car maker Ferrari is expected to race on confidently after swerving past relatively minor obstacles.

Ferrari Will Suffer Minor Hiccup In 2020, Before Blasting Back Into The Fast Lane

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Luxury carmaker Ferrari  said on Friday it would  extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings.

Ferrari extends Italian plant closures to April 14 subject to supplies

Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020.

Ferrari to resume production in Maranello and Modena as of 14 April 2020. 

Maranello (Italy), 23 March 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:

Ferrari  N.V.:  periodic  report on the buyback program

Ferrari and Fiat Chrysler are in talks with Italy’s biggest ventilator manufacturer to help to boost production of the life-saving machines that are urgently needed in the coronavirus crisis, company officials said on Thursday. Italy is at the epicenter of the pandemic and its government has embarked on a big expansion of the number of.

Ferrari and Fiat want to help Italy make ventilators

Maranello (Italy), 19 March 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that the Company’s Chief Executive Officer and other SMT members and employees of the Ferrari Group on 16 March 2020 received grants under their 2019 equity incentive plan.

Ferrari N.V.: register notification following the equity incentive plan

Italian carmakers Ferrari and Fiat Chrysler are in talks with the nation's biggest ventilator manufacturer to help it boost production of the life-saving machines which are urgently needed in the coronavirus crisis, company officials said on Thursday.

Ferrari, Fiat look at helping Italy make ventilators in coronavirus crisis

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The European Automobile Manufacturers Association (ACEA) reported that new registrations (a proxy for sales) in February fell by 7.4% year over year.

Auto Industry Collides With Coronavirus

Labor Leaders: U.S. Auto Factories Will Stay Open -- for Now

Ferrari's factories are closed until at least March 27.

Ferrari, Facing Parts Shortages, Shuts Down Production in Italy

Maranello (Italy), 16 March 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:

Ferrari N.V.:  periodic report  on the buyback program

Ferrari is temporarily closing two manufacturing centers in Italy because of the coronavirus outbreak.

Ferrari suspends production at two Italian factories because of coronavirus

            Maranello, 13 marzo 2020 – Ferrari has activated additional and even more rigorous  preventive measures to guarantee the highest standards of health procedures, following the decree on COVID-19 issued by the Italian Government on March 11.

Ferrari introduces additional preventive measures to safeguard employee wellbeing   

Maranello (Italy), 9 March 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares - reported in aggregate form, on a daily basis - on the Italian Stock Exchange (MTA) as follows:

Ferrari N.V.:   periodic report  on  the  buyback  program

Ferrari's headquarters is inside Italy's quarantine "red zone".

Ferrari's Factory Is Operational Despite the Coronavirus

Maranello (Italy), March 9, 2020 - As is known, on 8 March the Italian government approved a new law in which more preventative measures were introduced for the areas most affected by the COVID19 which is impacting Italy,  whilst still allowing for continued working activity.

News for Ferrari Stock (RACE)