Latest news with #Ferrari296
Yahoo
06-05-2025
- Automotive
- Yahoo
Why Ferrari N.V. (RACE) Is Surging in 2025
We recently published an article titled Why These 15 Vehicles & Parts Stocks Are Surging In 2025. In this article, we are going to take a look at where Ferrari N.V. (NYSE:RACE) stands against the other vehicles and parts stocks. Certain automotive companies have held up surprisingly well in the current environment, and that's especially true with companies that supply automotive parts. The high interest rate regime was supposed to crush automotive companies across the board, and early tariffs specifically targeted countries that produced the most automotive parts for the U.S. Even then. These stocks have done well since high interest rates have made it difficult for low-income consumers to buy new cars. Instead, they have opted for repairing their existing vehicles, which has been a tailwind for automotive parts companies for the past two years. The average age of vehicles was already at a record 12.6 years in 2024, so this tailwind isn't going away anytime soon. Customers who have higher incomes have kept on buying new vehicles. It is mostly because of them that consumer spending has held up across the board. Here are the biggest winners from this trend. Even during bear markets, there are pockets of the market that perform exceptionally well. For example, I identified 15 Financial Services Stocks that are up the Most in 2025 in another article. Methodology For this article, I screened the best-performing vehicles & parts stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Jim Cramer on Ferrari N.V. (RACE)'s Luxury Advantage: 'No Resistance to Price' A classic Ferrari sports car against a lush green hillside, symbolizing the company's luxurious performance. Ferrari N.V. (NYSE:RACE) Number of Hedge Fund Holders In Q4 2024: 37 Ferrari N.V. (NYSE:RACE) designs and manufactures high-performance luxury sports cars and competes in Formula 1 racing worldwide. Ferrari N.V. (NYSE:RACE)'s stock has seen significant growth in 2025, primarily due to its strong financial performance and strategic commercial policy updates. In March 2025, Ferrari announced an update to its commercial policy regarding import tariffs on EU cars into the USA. The company decided to maintain unchanged commercial terms for orders of all models imported before April 2, 2025, and for three specific model families (Ferrari 296, SF90, and Roma), regardless of import date. For other current models, Ferrari N.V. (NYSE:RACE) implemented a maximum 10% price increase in coordination with its dealer network. Despite these tariff challenges, Ferrari confirmed its financial targets for 2025, noting only a potential risk of 50 basis points reduction in profitability percentage margins.
SowetanLIVE
30-04-2025
- Automotive
- SowetanLIVE
Ferrari presents new 296 Speciale hybrid models ahead of EV launch
Ferrari refreshed its hybrid range on Tuesday with the new 296 Speciale and its convertible version, as the luxury sports car maker prepares for its leap into the fully electric era. Ferrari, which will present its first EV in October, showcased the two new plug-in hybrid models at its Maranello headquarters in northern Italy. They are based on the 2021 Ferrari 296, a car now approaching the end of its life cycle.
Malay Mail
30-04-2025
- Automotive
- Malay Mail
Ferrari unveils new 296 Speciale hybrid models ahead of EV launch
MARANELLO (Italy), April 30 — Ferrari refreshed its hybrid range on Tuesday with the new 296 Speciale and its convertible version as the luxury sports car maker prepares for its first leap into the fully electric era. Ferrari, which will present its first EV in October, showcased the two new plug-in hybrid models at its Maranello headquarters, in northern Italy. They are based on the 2021 Ferrari 296, a car now approaching the end of its life cycle. The 296 Speciale is lighter, more powerful and with improved aerodynamics, Chief Marketing and Commercial Officer Enrico Galliera said, adding it was focused on performance and driving pleasure. 'It's not a car for everyone, we won't widen our client base with it,' he said during the presentation. 'It's a model for our historic clients, who know Ferrari very well and seek driving thrill'. The 296 Speciale packs a three-litre, six-cylinder, 700 horsepower combustion engine. Its electric component adds a further 180 horsepower. Deliveries are expected to start in the first quarter of next year, while the retractable top version, known as the 'A', will be available in the second quarter. The new car will have a price tag in Italy of 407,000 euros ($449,000), rising to 462,000 euros for the convertible, which puts them in the mid- to high-end of Ferrari's price range. Prices will be higher in the United States by an amount still to be defined, Galliera said, after Ferrari announced last month it was increasing prices of some of its cars in the country by up to 10 per cent in response to tariffs. Only some models approaching the end of their life cycles are being excluded from U.S. price increases. Order books for the 296 Speciale open on Tuesday, but interest is already high, Galliera said. Clients who have interacted with an official Ferrari dealer in the past five years will have a priority in placing orders. Though not a limited-series model, its exclusivity will be preserved by keeping its life cycle shorter than the four-to-five years typical for other Ferrari models, Galliera added. Ferrari's first fully electric car, breaking its tradition of roaring petrol engines, will be unveiled on October 9 in Maranello. 'It will be something completely different. But we've been developing skills on components for EVs for more than a decade,' Galliera said. CEO Benedetto Vigna reaffirmed this month Ferrari would continue to make petrol and hybrid cars, as well as EVs. He added the company would launch a total of six new models this year, including the fully-electric one. — REUTERS
TimesLIVE
30-04-2025
- Automotive
- TimesLIVE
Ferrari presents new 296 Speciale hybrid models ahead of EV launch
Ferrari refreshed its hybrid range on Tuesday with the new 296 Speciale and its convertible version, as the luxury sports car maker prepares for its leap into the fully electric era. Ferrari, which will present its first EV in October, showcased the two new plug-in hybrid models at its Maranello headquarters in northern Italy. They are based on the 2021 Ferrari 296, a car now approaching the end of its life cycle. The 296 Speciale is lighter, more powerful and with improved aerodynamics, chief marketing and commercial officer Enrico Galliera said, adding that it was focused on performance and driving pleasure. 'It's not a car for everyone; we won't widen our client base with it,' he said during the presentation. 'It's a model for our historic clients, who know Ferrari very well and seek driving thrill.' The 296 Speciale packs a 3 l V6 petrol engine generating 515kW and 755Nm. Its electric component adds a further 113kW. Paired to an eight-speed dual clutch F1 DCT gearbox, Ferrari claims a 0-100 km/h time of 2.8 seconds and a maximum speed of 330km/h. Deliveries are expected to start in the first quarter of next year, while the retractable top version, known as the "A", will be available in the second quarter. The new car will have a price tag in Italy of €407,000 (R8,581,692), rising to €462,000 (R9,742,563) for the convertible, which puts them in the mid- to high-end of Ferrari's price range. Prices will be higher in the US by an amount still to be defined, Galliera said, after Ferrari announced last month it was increasing the prices of some of its cars by up to 10% in response to tariffs. Only some models approaching the end of their life cycles are being excluded from US price increases. Order books for the 296 Speciale open on Tuesday, but interest is already high, Galliera said. Clients who have interacted with an official Ferrari dealer in the past five years will have a priority in placing orders. Though not a limited-series model, its exclusivity will be preserved by keeping its life cycle shorter than the four-to-five years typical for other Ferrari models, Galliera added. Ferrari's first fully electric car, breaking its tradition of roaring petrol engines, will be unveiled on October 9 in Maranello. 'It will be something completely different. But we've been developing skills on components for EVs for more than a decade,' Galliera said. CEO Benedetto Vigna reaffirmed this month Ferrari would continue to make petrol and hybrid cars as well as EVs. He added the company would launch a total of six new models this year, including the fully-electric one.
Yahoo
29-04-2025
- Automotive
- Yahoo
Ferrari unveils new 296 Speciale hybrid models ahead of EV launch
MARANELLO, Italy (Reuters) - Ferrari refreshed its hybrid range on Tuesday with the new 296 Speciale and its convertible version as the luxury sports car maker prepares for its first leap into the fully electric era. Ferrari, which will present its first EV in October, showcased the two new plug-in hybrid models at its Maranello headquarters, in northern Italy. They are based on the 2021 Ferrari 296, a car now approaching the end of its life cycle. The 296 Speciale is lighter, more powerful and with improved aerodynamics, Chief Marketing and Commercial Officer Enrico Galliera said, adding it was focused on performance and driving pleasure. "It's not a car for everyone, we won't widen our client base with it," he said during the presentation. "It's a model for our historic clients, who know Ferrari very well and seek driving thrill". The 296 Speciale packs a three-litre, six-cylinder, 700 horsepower combustion engine. Its electric component adds a further 180 horsepower. Deliveries are expected to start in the first quarter of next year, while the retractable top version, known as the 'A', will be available in the second quarter. The new car will have a price tag in Italy of 407,000 euros ($449,000), rising to 462,000 euros for the convertible, which puts them in the mid- to high-end of Ferrari's price range. Prices will be higher in the United States by an amount still to be defined, Galliera said, after Ferrari announced last month it was increasing prices of some of its cars in the country by up to 10% in response to tariffs. Only some models approaching the end of their life cycles are being excluded from U.S. price increases. Order books for the 296 Speciale open on Tuesday, but interest is already high, Galliera said. Clients who have interacted with an official Ferrari dealer in the past five years will have a priority in placing orders. Though not a limited-series model, its exclusivity will be preserved by keeping its life cycle shorter than the four-to-five years typical for other Ferrari models, Galliera added. Ferrari's first fully electric car, breaking its tradition of roaring petrol engines, will be unveiled on Oct. 9 in Maranello. "It will be something completely different. But we've been developing skills on components for EVs for more than a decade," Galliera said. CEO Benedetto Vigna reaffirmed this month Ferrari would continue to make petrol and hybrid cars, as well as EVs. He added the company would launch a total of six new models this year, including the fully-electric one. ($1 = 0.9060 euros) Sign in to access your portfolio
