$RACE Charles Leclerc drove a Ferrari (NYSE:RACE) flat-out around the streets of Monte Carlo Sunday morning as he starred in a remake of the cult film C’était un Rendez-vous. On the same day that the cancelled Monaco Grand Prix was due to take place, Mr. Leclerc got behind the wheel of a Ferrari SF90 road car […]
$RACE Ferrari (NYSE:RACE) commands a premium valuation based on 3 Key elements of its business model: pricing power, strong demand, and growth. The iconic Italian luxury Super carmaker delivered good results in Q-1 Y 2020 despite some difficult economic conditions. Its success augurs well for long-term investors. The driver behind Ferrari’s success is brand strength. […]
$RACE Ferrari (NYSE:RACE) has reopened its factories in Maranello and Modena after a 2-month downtime with safety measures in place. Shares of RACE have held up during the C-19 coronavirus chaos and are only off 3.35% since 1 January. Ferrari is The Aristocrat of the automotive sector. Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the […]
$RACE Luxury goods companies tend to do better in recessions because wealthier people maintain disposable income, and this C-19 coronavirus chaos caused and instant recession. This applies to Ferrari (NYSE:RACE) as the demographic it caters to are generally going to be able to afford expensive sports cars in good times or bad, it is a […]
It will blow the competition away. $RACE The 1st electric Ferrari (NYSE:RACE), which is expected in Y 2025, will use new technology to ensure it can deliver on the brand’s heritage, commercial boss Enrico Galliera said. The iconic Italian firm has yet to confirm any plans or a timeline for its 1st EV, although leaked patents […]
$RACE $F Both Ferrari (NYSE:RACE) and Ford (NYSE:F) make and sell cars but their business models are different: Ferrari is a luxury goods company. It sells about 10,000 cars annually and realizes high profit margins. There is a limited supply of Ferraris and a waiting list to buy. Its earnings are more stable and defensive. […]
$RACE Scuderia Ferrari Mission Winnow (NYSE:RACE) announced Thursday that Carlos Sainz will drive for the team in the Ys 2021 and 2022 seasons of the F1 World Championship. “We have embarked on a new cycle with the aim of getting back to the top in Formula 1. It will be a long journey, not without […]
$RACE Ferrari (NYSE:RACE) has spoken of plans to add a V6 turbo to its engine lineup without dropping its 2 other benchmark engines the V12 and V8. The brand’s SVP of commercial and marketing, Enrico Galliera said, “So the technology we are going to have, V12, V8, V6 turbo. Hybrid will give us the possibility to have […]
$RACE Motor racing great Mario Andretti would love to see Italian carmaker Ferrari (NYSE:RACE) join the North American Indycar series as a chassis and engine supplier. Mr. Andretti, one of 4 drivers to claim both the F1 and IndyCar drivers championships, said in an interview Sunday that IndyCar series owner Roger Penske and Ferrari team […]
$RACE Mr. Leonardo Fioravanti, 81 anni, is the designer behind much of the magic produced by Carrozzeria Pininfarina in the 1970’s and ’80’s and is celebrated as such by Ferrari (NYSE:RACE) afficianatoes world wide. To those that know, this affable, manicured gentleman is perhaps the most revered man in modern Ferrari design He is responsible […]
$RACE There is no question that the C-19 coronavirus chaos has ripped its way through almost every aspect of life as we knew it in February. Even Supercar manufacturing was not immune to the effects of the medical emergency that swept the planet. Exclusive automakers the world shut down operations, including Ferrari (NYSE:RACE). But, things have turned […]
$RACE F1 has presented its long-term roadmap for budget reduction to the teams, with a decision expected next week. It is understood that figures include a cap set for $145-M in Y 2021, coming down to $140-M in Y 2022 and then to $135-M for Ys 2023-25. The targeted numbers are acceptable to midfield teams […]
$RACE Ferrari (NYSE:RACE) launched the “Installation Lap” phase, safety training primarily for employees involved in the resumption of production from Monday, 4 May. The Company has dedicated several days to this crucial phase. It has decided to put before the start of production the training sessions for workers, in particular, on the best precautionary measures […]
$RACE “The art of making small gains is knowing what to improve and how to do it successfully.“– Enzo Ferrari That is the Key, and this relies on experience. So, while Jaguar burst on to the Le Mans scene in the 1950’s, suddenly with great success, it may be easy to forget that, in the background, the […]
$RACE Ferrari (NYSE:RACE) normally high energy factory and HQ’s stood mostly deserted earlier this week, except for the line of Red Dressed Scuderia employees waiting to have their blood drawn and tested for coronavirus antibodies. The iconic Supercar maker is to restart operations at its Maranello and Modena plants on 4 May, as Italy is […]
$RACE Ferrari (NYSE:RACE) said Thursday it would restart operations at its Maranello and Modena plants on 4 May, as Italy is set to start lifting its lockdowns. The 2 plants are located in Italy’s northern Emilia-Romagna region have been closed since mid-March when Rome imposed curbs on people’s movements and froze manufacturing activities deemed as […]
$RACE The Ferrari (NYSE:RACE) Portofino prototipo spy shots show a refreshed front end treatment and that’s all, as only covered covered the front fascia. Looking closely at the nose, we see that the headlights have been changed. They do not rise up at the corners like the current Supercar, and in fact the inner corners […]
$RACE Ferrari (NYSE:RACE) announced Tuesday that its financial results for Q-1 Y 2020 will be released on Monday, 4 May 2020. A live audio webcast and conference call of the 2020 Q-1 results will begin at 2:00p BST / 3:00p CEST / 9:00a EDT on Monday, 4 May. Details for accessing this presentation will be […]
$RACE The spies are out spying: the Ferrari SF90 Stradale is the most powerful and most tech-forward road car to come from the Maranello Outfit. It’s a plug-in hybrid that puts out a combined 986 hp between the boosted V8 and 3 electric motors. And it is getting a convertible brother. These spy pics are our 1st look at what is […]
$RACE By the mid-1960’s, the age of the mid-engine performance sports car was upon us. F1 switched to a mid-engine format and the age of front-engine sports racing cars was coming to a close. Enzo Ferrari sold road cars to keep his racing operations financed, and although the marque had switched to mid-engine layouts in […]
$RACE Ferrari (NYSE:RACE) has not shifted it iconic focus and the coronavirus chaos has not disrupted its plans to expand its model range this year, as it confirmed the 2 models it planned to introduce later in Y 2020 are on schedule. “We are always planning to do more, and we intend to make news. We […]
$RACE People speak of a car’s design and beauty being ‘timeless’, but have you ever stopped to ask what that means? The Enzo Ferrari Museum in Modena, Italy opened an exhibition a few years ago that seeks to answer that question. It’s called ‘Timeless Masterpieces’, and it is helpful when trying to understand what makes […]
$RACE Ferrari (NYSE:RACE) said it is committed to F1 after reports Thursday that the sport’s oldest and most successful team could walk away if a proposed budget cap for Y 2021 was set too low. Seems like Liberty Media got the word loud and clear. Ferrari was prepared to quit F1 it was declared in […]
$RACE Ferrari (NYSE:RACE) team Boss Mattia Binotto has warned the team could walk away from F1 if budget caps are slashed following the coronavirus chaos. According to reports, discussions last week suggested the cap for Y 2021 could be cut from $175-M to $145-M and then to $130-M for Y 2022. No agreement was reached […]
$RACE Workers at Ferrari (NYSE:RACE) are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious plan that may serve as a blueprint for manufacturers around the world anxious to restart production. Under its “Back on Track” project, Ferrari staff, families and suppliers first […]
$RACE Ferrari (NYSE:RACE) stock is down just 2.5% Y-Y, when even the S&P 500 is down 11% over the same frame Ferrari is a luxury brand and trades at 35.01 PE/ratio (TTM), surprising considering the coronavirus chaos. The Big Q: Why is this happening and is it short selling opportunity? The Big A: Because Ferrari […]
$RACE COVID-19 is no match for the world’s Ferrari (NYSE:RACE) lovers, as the iconic Italian Supercar maker’s sales are strong despite the coronavirus chaos that has hammered the rest of the automotive sector. Since 23 March Ferrari stock has risen sharply about 25% with its stock +7% in the last week. Automobile makers like Ford […]
$RACE Ferrari (NYSE:RACE) will pay its annual dividend of 1.13 on 5 May 20. As a percentage of RACE’s closing price Friday at 161.34, this dividend works out to approximately 0.70% share Below are dividend history charts for Ferrari showing historical dividends prior to the most recent Ferrar declared. Ferrari is the Aristocrat of the […]
$RACE Ferrari (NYSE:RACE) announced today that all resolutions proposed to Shareholders at the Ferrari’s Annual General Meeting of Shareholders held today in Amsterdam, the Netherlands, were passed. The Shareholders approved the 2019 Annual Accounts, expressed a positive advice with respect to the Remuneration Report 2019 and approved a dividend in cash of Euro 1.13 per […]
$RACE Shares Ferrari (NYSE:RACE) whose iconic Supercars have proven to be very resilient during the worldwide health crisis downturn, and the company appears well-positioned to weather the overall slowdown in auto manufacturing. Since the market hit a coronavirus crisis-level low point on 23 March Ferrari stock has made a comeback, rising over 20% since then. […]
$RACE Sebastian Vettel believes the culture at Ferrari (NYSE:RACE) is often “misunderstood”, and that they can return to the Top of F1. Mr. Vettel is heading into his 6th season with The Scuderia in Y 2020, after making the move from Red Bull Racing in Y 2015, but he is yet to build on the […]
$RACE Ferrari (NYSE:RACE) is extending the suspension of production at its Maranello and Modena plants by about 3 wks to 3 May after Italy’s government extended a nationwide lockdown. Ferrari, and Fiat Chrysler (NYSE:FCAU), 1st announced in mid-March that it was halting production in Italy due to disruptions in component parts shipments because of the coronavirus, it extended […]
$RACE The Hot automotive market began to cool in November. With good sales, but was down from Y 2018. Hang on, Y 2019 was not all bad for the sector’s Aristocrat, Ferrari. The Maranello Outfit sold and 10,131 cars, and made a record profit on each 1 of them, too, according to a new report […]
$RACE The World’s 1st Ferrari inspired theme park with record breaking thrill rides, family adventures, magical journeys and world class entertainment featuring the world’s fastest rollercoaster, Formula Rossa, Flying Aces with its’ record breaking world tallest loop, the brand new turbo track and the forthcoming Mission Ferrari alongside family favourites such as the Scuderia challenge, […]
$RACE Ferrari (NYSE:RACE) F1 Team Boss Mattia Binotto says The Scuderia is amenable to any schedule that is proposed by other F1 bosses as they seek to mitigate the impact of the coronavirus crisis on the season. To date 9 Grands Prix have have been postponed or cancelled because of the medical crisis, leading fans […]
$RACE Wednesday, Ferrari (NYSE:RACE) said it is piloting a project to conduct voluntary screening of employees and their families for coronavirus once the iconic Supercar makers factories in Italy reopen. In a statement, Ferrari said its “Back on Track” plan, developed with a pool of virologists and experts, was designed to create a safe working […]
$RACE Ferrari’s (NYSE:RACE) new options begin trading Tuesday, for the January 2022 expiration. Note: 1 of the Key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 654 days until expiration the newly trading contracts represent a potential opportunity for sellers of Puts or Calls […]
$RACE A lot has changed since Sebastian Vettel won titles with Red Bull Racing and set himself the goal of winning with Ferrari (NYSE:RACE). There have been a lot of mistakes, but he is not ready to give up his mission to win a championship with The Scuderia. Contract negotiations are ongoing. Ferrari is the […]
$RACE Sebastian Vettel, “Happiness, not money, Key to new Ferrari F1 deal” Ferrari (NYSE:RACE) F1 driver Sebastian Vettel says money “is not the most important thing” in his discussions with Ferrari about a new contract. Mr Vettel, 32 anni, who joined Ferrari in Y 2015, has been in talks with The Scuderia over a new […]
$RACE Ferrari(NYSE/MTA:RACE) announces that under the Third Tranche of the common share buyback program announced on 14 November 2019, the Company has purchased additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) Stock Exchange Number of common shares purchased Average […]
$RACE Ferrari (NYSE:RACE) says that accepting the delay to the introduction of the new Y 2021 regulations has likely put it at a disadvantage to its rivals, but it had to do so for the sake of F1. In the wake of the coronavirus pandemic upending the F1 season schedule, and teams likely to face […]
$RACE Agreeing to delay the all-new 2021 F1 regulations puts Ferrari (NYSE:RACE) facing the likelihood of being at a disadvantage compared to its rivals, says team Boss Mattia Binotto. As a result of the global coronavirus crisis, this year’s F1 season has been disrupted and forced major alterations for the motorsports’ championship’s future. It was […]
$RACE Yes, Ferrari’s (NYSE:RACE) factories are located in the center of Italy’s coronavirus tragedy, but the company has said it hopes to reopen its Maranello and Modena factories on 14 April provided it has guaranteed parts supplies. Investors expect Ferrari profitability to slow a bit in Y 2020 but recover and resume accelerating in Ys […]
$RACE Ferrari (NYSE/MTA:RACE) announces that under the 3rd tranche of the common share buyback program announced on 14 November 2019, the Company has purchased additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) Stock Exchange Number of common shares purchased […]
$RACE Ferrari (NYSE:RACE) has extended the shutdown of its 2 plants to 14 April, at which time it will restart production. All activities that can be conducted via smart working will continue to be performed, as has been the case in recent weeks. Ferrari will cover all days of absence to those unable to take advantage […]
$RACE Ferrari N.V. (NYSE/MTA:RACE) informs that the Company has purchased, under the 3rd tranche of the common share buyback program announced on 14 November 2019, additional common shares – reported in aggregate form, on a daily basis on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) Stock Exchange Number of common shares purchased […]
$RACE Investors in Ferrari NV (NYSE:RACE) saw new options become available this week, for the 20 November expiration. 1 of the Key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 239 days until expiration the newly available contracts represent a possible opportunity for sellers […]
$RACE Ferrari (NYSE:RACE) is adamant its pace in testing was “true” after suggestions the team was ‘sandbagging’ with its new SF1000 racer. Sebastian Vettel and Charles Leclerc both strayed from Top times across the 6 days of testing in Barcelona last month, instead trying to understand the new car as the team aims to end […]
$RACE You will not see a Portofino around again until the coronavirus lockdowns are finished, these Ferrari race horses are stabled for now. Ferrari (NYSE:RACE) designers say styling inspiration for the Portofino came from the Ferrari Daytona of the 1970’s. But I see Portofino as Ferrari’s interpretation of a comfortable long-distance Grand Touring car (which […]
$RACE When Enzo Ferrari launched his iconic Italian luxury carmaker in Y 1949, he never thought that his sports cars will have an SUV or Shooting Brake variant. As recently as Y 2016, former Ferrari (NYSE:RACE) Boss Sergio Marchionne had said, “You have to shoot me 1st.” But the world has moved beyond those men’s […]
$RACE Ferrari (NYSE:RACE) F1 Team Boss Mattia Binotto says his team will back a move to delay the Y 2021 rules package for a year, insisting now is not the time to be ‘selfish‘. Earlier this week, 9 of the current 10 racing teams gave their support to a radical plan to hold back on […]
$RACE Ferrari’s F1 Team Boss Mattia Binotto is a man with 1 of the biggest jobs in motorsport, here he discusses the impact of the coronavirus on The Scuderia Italy, home of Ferrari (NYSE:RACE), has taken dramatic measures to control the spread of coronavirus across the country and this has an impact on the way […]
$RACE $FCAU Italy is at the epicenter of the pandemic and its government has embarked on a big expansion of the number of intensive care beds, many of which will require ventilators to keep patients alive by taking over breathing functions. Siare Engineering, Italy’s largest manufacturer of hospital ventilators, has turned to Italian automakers Ferrari (NYSE:RACE) and Fiat […]
$RACE Ferrari (NYSE:RACE) stock price has been very resilient during this virus crisis. At its current price, it is around 20% off its 52-wk highs, far outperforming the S&P 500. This is despite operating a luxury automotive business in Italy that has been heavily hit by the virus. Ferrari designs, engineers, produces and sells ultra […]
$RACE F1 driver Charles Leclerc “trusts” both Ferrari (NYSE:RACE) and the FIA to keep everything above board and says for him the 2019 engine saga is “done”. Last season rivals questioned the legality of Ferrari’s power unit. They wrote to the FIA querying the engine’s fuel flow system, resulting in 2 Technical Directives being issued. […]
$RACE Maranello, 16 March 2020 – Ferrari (NYSE/MTA: RACE) 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: TradingDate(dd/mm/yyyy) Stock Exchange […]
$RACE Ferrari’s (NYSE:RACE) F1 team have all gone into self-isolation since their return from the Australian Grand Prix. The move is a precaution, as no member of the team have so far had any symptoms of the coronavirus, Ferrari said. Ferrari F1 team members who travelled to Melbourne are to be in quarantine for 14 […]
$RACE The United Arab Emirates said Saturday it was shutting major tourism and cultural venues to contain the spread of coronavirus and announced a $27-billion plan to counter the outbreak’s economic impact. Attractions such as the Louvre Abu Dhabi museum and the Ferrari World theme park will be closed from 15-31 March, the Abu Dhabi […]
$RACE Ferrari (NYSE:RACE) has shut its Maranello factory including its F1 operations in response to the global coronavirus pandemic. With Italy being 1 of the countries in Europe that has been impacted the most by the virus outbreak, the Italian government has imposed a strict lockdown across the entire nation to try to limit community […]
$RACE Ferrari (NYSE:RACE) stated that it has activated rigorous preventive measures to ensure the highest standards of health procedures for its employees. Ferrari’s announcement follows the decree on COVID-19 issued by the Italian Government. The workforce present in Maranello and Modena has been reduced to a minimum, while remaining personnel is working remotely, the company […]
$RACE Scuderia Ferrari (NYSE:RACE) fully supports the decision taken by the FIA and F1 in conjunction with the Australian Grand Prix Corporation to cancel the Australian Grand Prix (13 – 15 March) at Melbourne’s Albert Park circuit. The safety of all team members is our number one priority, especially as the Covid-19 pandemic continues to […]
$RACE Winter Testing It is well known that conditions at the Circuit de Barcelona-Catalunya are usually at their best in the morning, with the track getting slower and cooler as the day goes on. That means MercedesAMG’s Lewis Hamilton’s race simulation was completed in better conditions compared to Ferrari’s Charles Leclerc. Mr. Leclerc was comfortably […]
$RACE Following the announcement made by President Trump from the Oval Office Wednesday night of a wide suspension of travel by non US citizens from Europe to the USA, the leadership of the WEC has reviewed the viability of staging the Sebring 1000 Miles race planned to be held at Sebring on 20 March. After […]
$RACE Ferrari (NYSE: RACE) declared Tuesday that its factory and HQ’s are operating despite being located inside the area of Italy that has been placed under quarantine to prevent the spread of the coronavirus. Ferrari employees have a reason to work! In a statement, Ferrari said that the measures introduced by the Italian government on 8 March […]
$RACE There is a savvy Wall Street adage that advises: “be fearful when others are greedy, and be greedy when others are fearful“. A Key way to measure the level of fear in a given stock is through a technical analysis indicator called the RSI (Relative Strength Index), RSI measures momentum on a scale of […]
$RACE Ferrari’s (NYSE:RACE) F1 team says its preparations for the Australian Grand Prix are going as planned, despite the lockdown announced by the Italian government that has affected 16 northern provinces in the country. Ferrari says that it respects the government’s decision, but says it is not currently poised to impact travel plans for F1 […]
$RACE Ferrari’s Sebastian Vettel Overview Y 2020 is arguably the most important season in Sebastian Vettel’s career, should he get it wrong and it could be his last. The 4X World Champion fought tooth and nail last season, but was not quite able to keep his team-mate Charles Leclerc under control. This year Mr. Leclerc […]
$RACE Investors in Ferrari (NYSE:RACE) saw new options become available today, for the April 24th expiration. Looking up and down the RACE options chain for the new April 24th contracts and identified 1 put and 1 call contract of particular interest. The put contract at the 155.00 strike price has a current bid of 5.80. […]
$RACE Ferrari (NYSE:RACE) insists that it has not disguised its pace in Winter testing in Spain, but does admit its car is better in race trim than on single lap pace. The Maranello Outfit has been open that pre-season testing has not gone as well as it would have liked and thinks it is heading […]
$RACE F1 bosses have explained that they reached a settlement with Ferrari over their engine case as they feared they would not be able to prove any wrongdoing. Last week, the FIA said an agreement was reached with The Scuderia over a long-running analysis into their Y 2019 power unit due to questions raised by […]
$RACE Ferrari NV (NYSE/MTA: RACE) announced Wednesday that it published the agenda and the explanatory notes for the 2020 Annual General Meeting of Shareholders (“AGM”), which will take place on 16 April 2020 in Amsterdam. Ferrari’s AGM notice and explanatory notes and other AGM materials are available under the section Investors on Ferrari’s corporate website […]
$RACE There is a place that will get anyone psyched about attending classes, and it is the Ferrari World Abu Dhabi amusement park on Yas Island in Abu Dhabi, UAE. Visitors with children can now do that, as of this month, a special ‘edutainment’ program for schools is available, called Coaster Lab. Its aim is […]
$RACE Headlines: Ferrari Team Boss Mattia Binotto said the team would need travel assurances before travelling and Australian Grand Prix bosses has said the race is ‘all systems go‘ Ferrari (NYSE:RACE) has threatened to pull out of the Melbourne Grand Prix due to coronavirus fears. Ferrari team Boss Mattia Binotto said the team wants to compete in the F1 season opener […]
$RACE Ferrari (NYSE:RACE) is hoping to conclude contract talks with Sebastian Vettel swiftly to keep the 4X F1 world champion beyond the end of this year. Ferrari has yet to agree a new deal with Mr. Vettel, but said at the launch of its Y 2020 F1 car that he is its 1st choice to […]
$RACE Ferrari (NYSE:RACE)says that F1 teams must be given assurances about the risks they may face at the Australian Grand Prix over coronavirus implications before staff start travelling to Melbourne. On fears about staff not being allowed to travel, or risking quarantine on arrival, Ferrari team principal Mattia Binotto says F1 and the FIA must […]
$RACE Ferrari (NYSE:RACE) driver Sebastian Vettel clocked the fastest lap Thursday of F1 preseason testing on Thursday, while Lewis Hamilton’s session was cut short by mechanical trouble. Mr. Hamilton’s MercedesAMG racer came to a stop on the track at the Barcelona-Catalunya Circuit, bringing out a Red flag and causing the 6X world champion to miss […]
$RACE Ferrari (NYSE:RACE) have gotten to the bottom of Sebastian Vettel’s engine problem at the 1st pre-season F1 test in Spain last week and are not worried about it, the team said Monday. The Scuderia spokesman said the engine was stripped and checked back at their Maranello factory after the failure at the Circuit de […]
$RACE Deliveries of Ferrari’s (NYSE:RACE) SF90 Stradale begins later this year, and the Maranello Outfit has shared vision detailing the production process of this innovative hybrid Supercar. The SF90 Stradale comes to life through a combination of advanced robots and computers and very highly-skilled craftsmen. And at Ferrari humans play a much more significant role in […]
$RACE Champions MercedesAMG suspect Ferrari (NYSE:RACE) are considerably faster than the Italian team let on in F1’s 1st pre-season test in Spain, with the gap between the Top 3 and the rest closing. Teams have 6 days of testing before the season-opener in Australia on 15 March and the engineers have lots of data to […]
$RACE The all-new Ferrari (NYSE:RACE) Portofino is a super-GT without equal now. We know that Ferrari does not like acceleration tests, but it should like this 1. The Portofino is the successor to California, which was criticized at 1st, but matured into a good entry-level Ferrari. Hidden under the elegant functional bodywork is a brand […]
$RACE Ferrari (NYSE:RACE) is the Top world in the automotive sector and beyond brand It makes the finest and most sought after Super and Hyper Supercars in the market with the highest margin generating strong EPS and paying an annual dividend in just a few years since its October 2015 IPO, a spinoff from Fiat-Chrysler. […]
$RACE Ferrari (NYSE:RACE) has been clear that the goal it’s SF1000 racer is to increase downforce, with last year’s SF90 known to have very low drag but less cornering might than its Mercedes counterpart. Sebastian Vettel, when asked whether he had felt that up in downforce during his 73 laps in the SF1000 Thursday en route to P5 […]
$RACE Ferrari (NYSE:RACE) ownership is different from anything else in the automotive world. There are strict rules when buying a new Ferrari. The Ferrari buying experience is unlike any other car buying experience. You do not walk into a dealership with hundreds of thousands of dollars in your account, pick 1, and drive off in […]
$RACE FLASH: Ferrari $RACE declares EUR 1.13/share annual dividend, 9.7% increase from prior dividend of EUR 1.03 ($1.558) Forward yield 0.69% Payable 5 May, for shareholders of record 21 April, ex-div 20 April. Sebastian Vettel, 32 anni, is no longer the main man at Ferrari (NYSE:RACE), but the 4X world champion, does not accept that […]
$RACE Ferrari (NYSE/MTA: RACE) announces that under the third tranche of the common share buyback program announced on 14 November 2019, the Company has purchased additional common shares reported in aggregate form, on a daily basis on the Italian Stock Exchange (MTA) as follows: MTA NYSE Total TradingDate(d/m/y) Number of common shares purchased […]
$RACE Ferrari (NYSE:RACE) debued off their 2020 Formula One car with a theatrical show of pride and passion last Tuesday, assuring fans that it was very different under the skin to last year’s model. The SF1000, marking the Italian team’s 1,000th race that comes up this year, is the car Ferrari hopes can end 6 yrs […]
$RACE The new Ferrari (NYSE:RACE) 488 Pista; “pista” means “track” in Italian. Ferrari has narrowed the Track/Road space putting an enormous amount of track technology into a road car that is designed, in the company’s words, “to offer a race-like experience even to non-professional drivers.” The Pista, which replaces the 458 Speciale in the Ferrari line, is […]
$RACE “Ask a boy to draw a car, and he will color it red,” —Enzo Ferrari Red is believed to be the “traditional” color for Ferrari, but this is a coincidence. When I think of a Ferrari (NYSE:RACE) I picture it in Red, but this was not the intent behind the iconic Italian luxury sportscar maker. […]
$RACE The car epitomizing La Nuova Dolce Vita is showcased for the 1st time globally outside the Eternal City Following its 1st global reveal during an exclusive event held in Italy’s iconic capital last November, the Ferrari Roma made its 1st appearance in the world on 7 February at a launch party held at Bulgari Hotel & […]
$RACE Tuesday, Ferrari (NYSE:RACE) unveiled its 2020 F1 car that team boss Mattia Binotto says takes design to the “extreme” as they seek to challenge for the title/s. The iconic Italian F1 team struggled last year, winning just 3 races as MercedesAMG dominated, but boss Binotto hopes they can take a step forward this season. […]
$RACE Since it was floated on the NYSE in October 2015, Ferrari (NYSE:RACE) has seen its shares rise from an opening price of 52 to a 52 wk high at 176.58 closing Monday at 167.55 in NY. The Maranello Outfit is making major efforts to please investors, including ramping up production and expanding into new, […]
$RACE The 5th Peninsula Classics Best of the Best Award has been won by a 1958 Ferrari 335 S Spyder Scaglietti, completing yet another wonderful story of automotive redemption. This 1 of 4 Ferrari factory team cars spent a long period of its life abandoned, before being reclaimed, restored and returned to prominence. The Ferrari […]
$RACE Following the latest results, Ferrari’s (NYSE:RACE) 16 analysts are now forecasting revenues of €4.12-B in Y 2020. This would be a 9.5% improvement in sales compared to the last 12 months. Statutory EPS are expected to accumulate 7.8% to €4.02. Before this weeks earnings report, analysts had been forecasting revenues of €4.07-B and EPS […]
$RACE Ferrari (NYSE:RACE) upgraded guidance across its Key financial metrics for the full year ahead, beyond its “2020 plan“. The iconic Italian company now sees net revenues above €4.1-B, representing an 8.5% increase compared to the F-Y 2019 revenues of €3.776-B result. Ferrari investors are more Bullish on its Y 2020 growth and earnings outlook […]
$RACE Ferrari (NYSE:RACE) boosted its Y 2020 forecasts for sales and earnings after the Supercar maker posted record deliveries, a sign that CEO Louis Camilleri’s model-range renewal is working and gathering momentum. The Maranello Outfit launched a record 5 new models in Y 2019, including the Roma Coupe with a front-mounted 620-horsepower engine, which helped […]
$RACE MercedesAMG is back in the headlines this week, as news leaked that they were considering leaving F1 for the Y 2021 season. The Big Q: Could the reigning F1 World Constructors’ champions really be about to walk, or drive, away from the sport that they have dominated for the last 7 years? The Story Autocar broke […]
$RACE Museo Ferrari (NYSE:RACE) in Maranello is staging a special exhibition marking Ferrari’s Le Mans 24 Hours story. The star attraction is a 166MM Barchetta Touring like the car used to take Ferrari’s 1st Le Mans win in Y 1949. Also on stage is the 275P that won the Y 1964 edition of the race […]
$RACE Ferrari’s (NYSE:RACE) patent application images show a 2-seater car, though the technology could be applied in a different body style Ferrari has approached electrified cars with caution, and we only saw it introduce its 1st plug-in hybrid with the SF90 Stradale last year. Yes, there was the LaFerrari, but the KERS-style hybrid system was hardly for efficiency, just […]
$RACE The 812 GTS where speed meets elegance LIBERTY HAS NEVER BEEN SO EASY The aim in developing the 812 GTS was to retain the exhilarating feeling of speed and power delivered by the berlinetta version in terms of accelerating, response times and agility. TRADITION NEVER FAILS Exactly 50 yrs on from the debut of the last Spider in the Ferrari […]
$RACE Ferrari (NYSE:RACE) has everything a F1 team needs to succeed including huge financial resources, an in-house engine supply and a rich history capable of luring the most talented individuals in the sport onto its payroll. Yet for the past 11 yrs, those ingredients have failed to bring the iconic Italian team a championship. We […]