Ferrari, Fiat Join Coronavirus Ventilator Efforts

Ferrari, Fiat Join Coronavirus Ventilator Efforts

$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 […]

Ferrari (NYSE:RACE) Stock Price is Very Resilient in Here

Ferrari (NYSE:RACE) Stock Price is Very Resilient in Here

$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 […]