Ferrari has launched the Luce, its first fully electric vehicle, priced above $586,000 and capable of reaching 193 mph. This four-door EV marks a major shift for the brand, which aims to maintain its iconic status without the traditional combustion engine roar. Despite some rivals delaying or abandoning electric supercar projects, Ferrari is investing heavily in electrification and targeting wealthy, younger buyers open to EVs. The company plans to balance EVs with hybrids and gas models, aiming for 20% of its lineup to be fully electric by 2030.
Ferrari N.V. has repurchased 20,321 of its own shares on Euronext Milan as part of the second tranche of its €250 million share buyback program, which is a segment of a broader €3.5 billion multi-year plan running through 2030. Since the start of thi...
IBM has partnered with Scuderia Ferrari to transform the Ferrari fan app by integrating advanced AI technologies to enhance fan engagement and storytelling. The revamped app now offers features like AI-generated race summaries, interactive games, beh...
Ferrari stands out in the auto industry with stable 22% profit margins and a fully booked order book through 2027, driven by its exclusivity strategy. Despite a recent 34% drop in share price and low price-to-earnings ratios, the company's fundamenta...
