$RACE The unveiling of a new Ferrari (NYSE:RACE) Supercar is good reason car fans to celebrate. Ferrari has announced that it will be expanding the offerings it has for easier-to-drive GT (grand touring cars). Word of the new GT offering came from Ferrari Chairman John Elkann at Pebble Beach Saturday. The executive also hinted that […]
$RACE Italy’s iconic luxury Supercar maker Ferrari NV (NYSE:RACE) will not expand production GT cars, and will not chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told a group of classic car enthusiasts gathered the Pebble Beach Concours d’Elegance this weekend. He reiterated that Fiat Chrysler Automobiles ((NYSE:FCAU), of which he is also […]
$TSLA, FCAU, GM FLASH: Tesla’s (NASDAQ:TSLA) stock is at 3 year lows Bernstein analyst Max Warburton says that while there may be some tepid interest in Tesla’s assets, it’s unlikely a European carmaker would buy the company. “What assets are attractive? Tesla no longer has genuinely differentiated tech. The production plant is sub-par. The Gigafactory […]
$FCAU, $RNLSY Fiat Chrysler (NYSE:FCAU) crafted and presented a balanced merger of equals to Renault (NASDAQ:RNLSY) Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s 3rd-biggest automaker. If it goes ahead, the $37-B tie-up would alter the landscape for rivals including General Motors (NYSE:GM) and Peugeot maker PSA Group […]
$RACE Ferrari (NYSE:RACE) released their Q-1 earnings early Tuesday morning, and they are Super with EPS/1.08 easily beat EPS/0.88 consensus estimate and, even more impressive, revenues grew by 13%, not minus as analysts predicted. Ferrari’s numbers are not just Super, they are informative on several subjects currently on the minds of investors. I have been […]
Ferrari (NYSE:RACE) Trading Over $125/share $RACE Ferrari (NYSE:RACE) shares have been under some pressure lately after the death of Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne, who had led Ferrari too. Ferrari’s new CEO Louis Camilleri, 63 anni, at a recent press conference, had described ambitious $2.3-B EBITDA (earnings before interest, taxation, depreciation and amortization) […]
Tributes Pour in for Ferrari CEO Marchionne Who Died Tuesday $RACE, $FCAU Sergio Marchionne, who engineered turnarounds to save both Fiat and Chrysler from near-certain failure, has died at 66 anni. Tributes are pouring in from automotive leaders about Sergio Marchionne’s skill, creativity and determination in saving Chrysler and Fiat from near-certain financial ruin. General […]
Best of the Auto Sector: Fiat-Chrysler (NYSE:FCAU) and Ferrari (NYSE:RACE) $RACE, $FCAU, $GM, $F, $TSLA Here at HeffX-LTN we follow the stocks of 4 automakers: Ferrari, Fiat Chrysler, Ford and and Tesla. Fiat-Chrysler with a nearly 90% rise was the Winner for 2017. Ferrari (NYSE:RACE) was 2nd, posting an 80% return. On the year Fiat-Chrysler […]
Ferrari (NYSE:RACE) Dips on Profit Taking, Maserati IPO Speculation. $RACE Note: The short interest is extremely low for RACE with fewer than 1% of shares on loan, indicating that investors who seek to profit from falling equity prices are not currently targeting Ferrari. Ferrari (NYSE:RACE) shares gaped lower at the open Thursday as an analyst […]
Ferrari (NYSE:RACE) Reports Earnings on 2 August $RACE Ferrari (NYSE:RACE) reports Q-2 Y 2017 results before the open Wednesday, 2 August. Last Quarter, the company delivered a positive earnings of 30.19%. It also Beat the Street estimates in each of the trailing 4 Quarters, with an average beat of 31.16%. Looking at what’s coming Wednesday […]
Ferrari (NYSE:RACE) Sticks with V12’s, says Boss Sergio Marchionne $RACE, $FCAU Sergio Marchionne, the CEO of Fiat Chrysler Automobiles (NYSE:FCAU), has said during a press conference on the Ferrari stand at Geneva that the Italian Supercar maker will stick with naturally-aspirated V12 engines for its range-topping cars. Mr. Marchionne, who has said he will retire […]
Fiat-Chrysler (NYSE:FCAU) Moves Jeep Mexico Production to US $FCAU, $F, $GM Fiat Chrysler Automobiles NV (NYSE:FCAU) will invest $1-B toward making 3 new Jeep models in the US, plus a Ram pickup now built in Mexico, as President Elect Donald Trump pressures the auto industry to hire workers and produce vehicles above the border. The […]
Fiat-Chrysler Mulls Adding Electric Vehicles to its Line-up $FCAM, $TSLA, $VLKAY Fiat-Chrysler’s (NYSE:FCAM) CEO Sergio Marchionne, 64 anni, is considering adding full electric vehicles to the carmaker’s line-up including the Maserati Alfieri sportscar and a small City Car. “I have always thought the economic model that supports Tesla is something that Fiat Chrysler could replicate […]
FoMoCo (NYSE:F) says, “No interest in a Tie-up With Fiat-Chrysler $F, $FCAU Ford Motor Co (NYSE:F) is not interested in a tie-up with Fiat Chrysler Automobiles NV (NYSE:FCAU), CEO Mark Fields said Saturday, when asked about FCA head Sergio Marchionne’s remark that Ford could be a potential merger candidate. “I can’t speak to what Sergio […]
