RACE Jun 2024 480.000 call
- Bloomberg
Ferrari Unveils New EV Factory in Italy
Ferrari has unveiled a new factory in Italy where it build the company's first all-electric supercar. The site in Maranello will also make hybrid models and cars powered by combustion engines. CEO Benedetto Vigna speaks on "Bloomberg Markets."
- Reuters
Ferrari says new plant will boost flexibility, shorten car development times
Ferrari will use its new production site to boost manufacturing flexibility and shorten the time needed to develop and roll out new models, rather than to increase output, the CEO of the Italian luxury sports carmaker said on Friday. Ferrari's so called e-building in its home town of Maranello, northern Italy, for which it has invested around 200 million euros ($214 million), will also produce its first fully electric (EV) car, expected to be launched at the end of next year. "This building will allow us to shorten time to market or product development time," CEO Benedetto Vigna said at the plant's inauguration, adding these two activities sometimes currently overlap on existing assembly lines.
- GuruFocus.com
Why I Can't Bring Myself to Buy Ferrari
All investors should be interested in great companies, but this one is too expensive
