A global shortage of base oils, essential for high-performance lubricants in luxury car engines, is worsening due to ongoing disruptions from the Iran war, especially around the Strait of Hormuz. This region supplies a significant portion of Group III base oils, critical for synthetic lubricants used in supercars. Prices have surged nearly 100% in northern Europe, and stocks could run out within a month, risking reduced lubricant production and higher costs for consumers. The shortage is expected to persist until at least 2027, with additional risks from weather events and constrained refining capacity in key producing countries.
Ferrari announced it will publish its financial results for the second quarter of 2026 on July 30. The company will host a live audio webcast and conference call at 2:30 p.m. BST / 3:30 p.m. CEST / 9:30 a.m. EDT, accessible via its corporate website....
Ferrari N.V. has repurchased 28,000 of its common shares on the Euronext Milan exchange as part of the second tranche of its €250 million share buyback program announced in April 2026. This buyback is a segment of a larger multi-year plan totaling ap...
