Related news from
Wed, 24 Apr 2024 15:40:07 +0000	MOD or RACE: Which Is the Better Value Stock Right Now? MOD vs. RACE: Which Stock Is the Better Value Option?
Wed, 24 Apr 2024 14:34:00 +0000	Ferrari strikes multi-year partnership with HP for Formula One team sponsorship Ferrari has signed a multi-year partnership with HP, making the world's second-largest PC vendor the new so-called title sponsor of Ferrari's motor racing team, including for Formula One, the two companies said on Wednesday. Based on the agreement, for which no financial details were provided, the HP logo will make its debut on Ferrari's Formula One cars ahead of the Miami Grand Prix on May 3-5, when the team will start competing as Scuderia Ferrari HP, the companies said in a joint statement.
Tue, 23 Apr 2024 14:26:00 +0000	Ford Has Its Ferrari. It Could Help the Stock Rise. Ford believes its Pro commercial business will provide an earnings boost thanks to the power of connectivity, data, and software.
Tue, 23 Apr 2024 11:41:27 +0000	Volkswagen holds keys to Porsche's race against Ferrari Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to take a step back, giving the German sports car maker more freedom to cut costs and shape its future. The maker of the iconic 911 has started the seventh quarter since its listing with a discount to Ferrari on a price-to-earnings (PE) basis just off a record 69%, disappointing hopes it could command a luxury-like valuation. 2024 is shaping up to be a transition year, as Porsche AG launches several new models, keeping a lid on margins ahead of a more promising 2025 for the company that is 75.4% owned by Volkswagen.
Mon, 22 Apr 2024 18:21:00 +0000	FERRARI TO ANNOUNCE FIRST QUARTER 2024 FINANCIAL RESULTS ON MAY 7 Maranello (Italy), April 22, 2024 - Ferrari N.V. (“Ferrari”) (NYSE/EXM: RACE) announced today that its financial results for the first quarter of 2024 will be released on Tuesday, May 7, 2024. A live audio webcast and conference call of the 2024 Q1 results will begin at 2:00 p.m. BST / 3:00 p.m. CEST / 9:00 a.m. EDT on Tuesday, May 7. Details for accessing this presentation will be available in the Investors section of Ferrari’s corporate website at https://www.ferrari.com/en-EN/corporate prior
Mon, 22 Apr 2024 16:28:28 +0000	Ferarri price target lifted by Evercore ISI on growth outlook Ferrari (RACE) has received a price target boost from Evercore ISI with analysts raising their target to $465 from $430. The Evercore ISI team foresees growth opportunities for the luxury automaker and cites Ferrari's relatively lower exposure in markets such as China as a favorable factor. Yahoo Finance's Seana Smith and Madison Mills break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
Mon, 22 Apr 2024 11:09:33 +0000	Ferrari’s CEO has nearly doubled its share price since 2021—he credits smaller teams and cutting the company’s ‘bureaucratic mass index’ “When you change the culture of a company, it’s never a revolution. It’s an evolution,” CEO Benedetto Vigna said.
Mon, 22 Apr 2024 11:00:00 +0000	Ferrari N.V.: Periodic Report on the Buyback Program Maranello (Italy), April 22 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fourth Tranche”), the additional common shares - reported in aggregate form, on a dai
Mon, 22 Apr 2024 01:39:10 +0000	Getting Ready With DJ Charlotte de Witte at Coachella: The Techno Queen’s High-octane Arrival in a Ferrari Minidress and ‘Natural’ Onstage Look “I’ve always been one of the guys and this translates into my style and sense of aesthetic,” she said.
Sat, 20 Apr 2024 04:25:00 +0000	He Loves Speed, Hates Bureaucracy and Told Ferrari: Go Faster A tech executive with a new management strategy took the wheel of the luxury carmaker. Then it was off to the races.
Wed, 17 Apr 2024 08:32:00 +0000	Ferrari Announces Voting Results From Its Annual General Meeting Maranello (Italy), 17 April 2024 - Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/EXM: RACE) announced today that all resolutions proposed to Shareholders at the Ferrari’s Annual General Meeting of Shareholders (the “AGM”) held today in Amsterdam, the Netherlands, were passed. The Shareholders approved the 2023 Annual Accounts, expressed a positive advice with respect to the Remuneration Report 2023 and approved a dividend in cash1 of Euro 2.443 per outstanding common share, totalling approxima
Mon, 15 Apr 2024 18:26:51 +0000	3 High-Priced Stocks That Should Follow Chipotle’s 50-for-1 Split On March 19, Chipotle Mexican Grill (NYSE:CMG) announced the first stock split in its history. When it comes to high-priced stocks, they don’t get much higher than Chipotle. It trades a few dollars shy of $3,000, making it one of the most obvious stock-split candidates. The restaurant chain opted for a 50-to-1 split of its stock. Shareholders will vote on the stock split at its annual meeting on June 6. If approved, shareholders will receive 49 new shares for every share held. “This is the first
Mon, 15 Apr 2024 14:52:00 +0000	Auto Roundup: KMX's Weak Quarterly Results, TSLA's FSD Price Cut & More While CarMax's (KMX) fiscal fourth-quarter 2024 earnings and sales miss estimates, Tesla (TSLA) slashes the monthly subscription price of FSD software to half.
Thu, 11 Apr 2024 09:35:43 +0000	UPDATE 1-Agnellis' Exor targets growth in healthcare sector Exor, the investment arm of the Agnelli family, has a growing interest in the healthcare industry, where it has already invested almost 4 billion euros ($4.3 billion), CEO John Elkann said on Thursday. "The increased cost of healthcare services combined with a shortage of medical staff is driving demand for innovative new approaches to tackle global health problems," he said in his annual letter to Exor shareholders. Exor views healthcare as a "long-term, structural growth sector," added Elkann, the scion of the Agnelli family and chair of automakers Stellantis and Ferrari.
Thu, 11 Apr 2024 08:43:13 +0000	Exor has growing interest in healthcare industry Exor, the investment arm of the Agnelli family, has a growing interest in the healthcare industry, where it has already invested almost 4 billion euros ($4.3 billion), CEO John Elkann said on Thursday. "The increased cost of healthcare services combined with a shortage of medical staff is driving demand for innovative new approaches to tackle global health problems," he said in his annual letter to Exor shareholders. Exor views healthcare as a "long-term, structural growth sector," said Elkann, the scion of the Agnelli family and chair of automakers Stellantis and Ferrari.
Wed, 10 Apr 2024 16:23:00 +0000	Ferrari (RACE) Introduces Innovative Battery Research Lab Ferrari's (RACE) new laboratory is dedicated to the research of lithium battery cells.
Tue, 09 Apr 2024 13:00:11 +0000	These 2 Auto-Tires-Trucks Stocks Could Beat Earnings: Why They Should Be on Your Radar The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Mon, 08 Apr 2024 15:40:15 +0000	MOD vs. RACE: Which Stock Is the Better Value Option? MOD vs. RACE: Which Stock Is the Better Value Option?
Mon, 08 Apr 2024 10:40:40 +0000	Ferrari steps up battery know-how though no plans to make them Ferrari wants to increase its expertise in battery cells given their importance in its shift to electrified vehicles, but it has no plans to manufacture them itself, its CEO Benedetto Vigna said on Monday. Ferrari, which sold just shy of 14,000 cars last year, might not have the scale to produce its own cells profitably. "We want to open up cells and understand what is in there," Vigna said at the opening of a research centre on battery cells in partnership with Italy's Bologna University and chipmaker NXP Semiconductors.
Thu, 04 Apr 2024 22:15:19 +0000	Ferrari (RACE) Dips More Than Broader Market: What You Should Know Ferrari (RACE) closed the most recent trading day at $414.03, moving -1.31% from the previous trading session.