Latest news with #FerrariNV
Bloomberg
09-05-2025
- Automotive
- Bloomberg
Ferrari Sees First Electric Car's Low Tax Lifting China Business
Ferrari NV is looking to its first fully electric supercar to revive sales in China because the model will benefit from lower tariff and tax rates. The Elettrica EV that Ferrari will unveil starting in October is expected to be taxed at a compound rate of 30% of the manufacturer's suggested retail price. The carmaker's models equipped with its roaring 12-cylinder engines face a combined import, consumption and value-added tax that's almost four times that rate.
Bloomberg
29-04-2025
- Automotive
- Bloomberg
Ferrari Unveils €400,000-Plus Hybrid Supercars for Collectors
Takeaways NEW Ferrari NV unveiled new special editions of its best-selling sports car, the 296, in a bid to extend the life of the model and cash in on an incremental boost in performance. The 296 Speciale coupé will start at €407,000 ($463,000), with deliveries commencing in the first quarter of next year, Ferrari said Tuesday. The Speciale A convertible, slated for the following quarter, will cost €462,000. Both are big steps up from the €292,000 price tag on the base existing model, the 296 GTB.
Bloomberg
27-03-2025
- Automotive
- Bloomberg
Ferrari Plans to Raise US Prices Up to 10% After Tariffs Hit
Ferrari NV plans to raise prices for some of its cars by as much as 10% to deal with US President Donald Trump's latest auto tariffs. The Italian manufacturer said Thursday its profit margins may get squeezed, but confirmed its financial guidance for the year, reassuring investors. Ferrari shares rose as much as 2.6% in Milan.
Bloomberg
27-02-2025
- Automotive
- Bloomberg
Ferrari Stake Sale Pushes Europe Block Trades to 20-Year High
The Agnelli family's disposal of a €3 billion ($3.14 billion) stake in Ferrari NV has propelled European block sales to the strongest start to the year in two decades. From billionaire clans to private equity firms and governments, investors have raised about $15.3 billion since the beginning of January via stake sales, according to data compiled by Bloomberg. This rush to dispose of often long-held investments comes as Europe's stock benchmark has its best start to the year since 2019, outperforming US counterparts.
Bloomberg
12-02-2025
- Automotive
- Bloomberg
Porsche's $375,000 911s Can Inspire Its Next Reinvention
Porsche AG has become a deeply unloved stock, yet bankers still crave its expensive, highly customizable 911 sportscars — and therein lies a narrow path to recovery. Last week's ugly profit warning dashed any remaining hopes that Porsche would soon emulate Ferrari NV by becoming valued more like a fashion house than a mere automaker. Amid dismal demand in China, disappointing electric vehicle sales, tariff threats and management upheaval, the shares have sunk to a record low.
