$RACE-IT News

Last published 8mo ago

8mo agoRACE-IT RACE VLKAFWhy Ferrari is still betting on its EV, even as Lamborghini backs offCNBCThe diverging paths Ferrari and Lamborghini are taking on EVs illustrate the challenges these two exceptionally valuable brands face.
11mo agoVOW3-DE BMW-DE RACE-IT RNO-FREurope poised to water down landmark 2035 ban on new diesel and gasoline carsCNBCAnalysts have questioned whether the move will do much to shore up the region's competitiveness in the long run.
1y agoRACE-ITLuxury carmaker Ferrari beats third-quarter profit expectations as reveunes jumpCNBCFerrari recently notched its worst-ever trading day after its 2030 guidance fell short of analyst expectations.
1y agoFR-FR RACE-IT BMW-DE VOW3-DE+3A breakthrough and a burden? What the U.S.-EU trade deal means for the auto sectorCNBCU.S. President Donald Trump hailed the framework trade agreement with the European Union as one that promises to be "great for cars."
1y agoGM F STLA RNO-FR+3China extends an olive branch to Western auto giants over rare earth shortageCNBCChina appears to have offered U.S. and European auto giants something of a reprieve over a rare earth shortage.
1y agoRACE-ITLuxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profitCNBCLuxury carmaker Ferrari on Tuesday reported a significant upswing in first-quarter profit, citing robust demand for personalized vehicles.
1y agoRACE-IT RACEFerrari says it will raise prices by 10% on some models to offset auto tariffsCNBCFerrari produces all of its cars at its Maranello factory. Last year, the company produced 13,752 cars.
2y agoRACE-IT RMS-FR MC-FR KER-FR+3The five secrets to Ferrari’s success as a luxury brandCNBCThis year, Ferrari for the first time surpassed Hermès as the most valuable luxury company in the world as measured by stock multiple.
2y agoRACE-ITFerrari CEO says all-electric model preserves the 'emotion' of the famed supercarsCNBCFerrari is opening a new E-Building in Maranello, Italy, that will produce internal combustion engine cars alongside hybrid and all-electric models.
2y agoRACE-ITFerrari boss promises 'emotion' won't be lost in EV engine roarCNBCFerrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker's new electric vehicle will offer drivers the same roar as its historic combustion engines.
2y agoRACE-IT RACEFerrari finishes a record year by topping Wall Street's estimatesCNBCThe automaker reported a net profit of 1.26 billion euros ($1.36 billion) for 2023, including 294 million euros ($317.9 million) during the fourth quarter.
2y agoRACE-ITFerrari's $400,000 Purosangue is a dream to drive. Just don't call it an SUVCNBCThe Purosangue, its name meaning "pure blood" or "thoroughbred" in Italian, comes with a 7.5-liter, V-12 engine.
3y agoRACE-IT RACEFerrari again raises guidance as customers opt for high-priced, personalized sports carsCNBCFerrari raised guidance after its third-quarter profit surged 46% year over year. Its customers continue to load up their new Ferraris with expensive options.
3y agoRACE-IT F GMFerrari CEO says nearly a third of new buyers are under 40, even as wait lists growCNBCBenedetto Vigna said that despite limited supply, the company continues to expand its reach among younger, new clients.
3y agoRACE-IT RACEFerrari raises guidance after profit jumps as more customers personalize their sports carsCNBCFerrari has greatly extended its options lists, offering its customers a huge range of choices in paint finishes, interior materials and other details.
3y agoRACE-IT RACEFerrari profit jumps 24% as demand pushes waiting list into 2025CNBCFerrari's EBIT profit margin, a widely-watched figure, increased a full percentage point to 26.9%.
3y agoRACE-ITAn $18 million Ferrari leads record classic-car auction at Amelia Island. See all 10 top sellersCNBCTotal sales at the Amelia Island classic-car auction reached $178.4 million — a record for the event, according to Hagerty.
3y agoRACE RACE-ITFerrari's profits jump 13% in 2022, supercar maker expects an even better year in 2023CNBCFerrari guided to an even stronger year in 2023, boosted by its high-priced sports cars like the Daytona SP3 and the upcoming Purosangue SUV.
3y agoTSLA RACE-IT RIVN LCID+8Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVsCNBCThe year in automotive stocks wasn't just about Elon Musk and Tesla. There were losses across the board, but some didn't lose so much.
4y agoRACE-IT RACE/Ferrari raises its 2022 guidance again after Q3 earnings beat Wall Street estimatesCNBCFerrari raised its full-year guidance for the second time in 2022, after its third-quarter revenue and profit beat Wall Street's estimates.
4y agoF RACE-ITFord to end production of $500,000 GT supercar with special editionCNBCThe 2022 Ford GT LM (Le Mans) will be the last model of the third-generation car, which was resurrected in 2016 after being a decade out of the market.
4y agoRACE RACE-IT MC-FR CPRI+1Ultra-rich fueling sales of luxury brands despite inflation and recession fearsCNBCHigh-end luxury brands are reporting strong sales even as retailers catering to more mainstream customers cite a pullback in consumer spending.
4y agoRACE-IT RACEFerrari boosts full-year guidance after a record second quarterCNBCFerrari increased its full-year guidance after a quarter that set records for revenue, profit and new orders.
4y agoBMW-DE VOW3-DE RACE-ITFerrari CEO shrugs off concerns about EV performanceCNBCOther luxury carmakers are also developing electrification strategies.
4y agoGS VOW3-DE RACE-IT .FKRX300Croatian EV supercar maker Rimac raised 500 million euros to make parts for Big Auto rivalsCNBCRimac raised 500 million euros to expand its ability to build high-performance EV components for bigger automakers.
4y agoRACE-ITAston Martin launches the DBX707, says it's the most powerful luxury SUV in the worldCNBCThe launch of the DBX707 comes a year after Aston Martin launched the standard DBX, which has captured a significant percentage of the market, according to Stroll.
4y agoRACE-ITMorgan Stanley's Jonas raises Ferrari target to a Street high, says stock can rise more than 30%CNBCThe Morgan Stanley analyst has previously called Ferrari his "favorite EV stock."
5y ago.BBKA RIDE OTLY SQ+12Stocks making the biggest moves midday: Lordstown Motors, Oatly, Square and moreCNBCThese are the stocks posting the largest moves in midday trading.
5y agoNVAX RIDE PHIA-NL CMG+10Stocks making the biggest moves premarket: Novavax, Lordstown Motors, Phillips, Chipotle and othersCNBCThese are the stocks posting the largest moves before the bell.
5y agoRACE-ITGoldman double downgrades Ferrari to sell on likely costly transition to the electric vehicle eraCNBCThe luxury automaker tapped semiconductor industry veteran Bendetto Vigna as its new chief executive officer earlier this month.
5y agoCLOV WEN CPB RIDE+10Stocks making the biggest moves in the premarket: Clover Health, Campbell Soup, Lordstown Motors & moreCNBCThe stocks making the biggest moves in premarket trading include
5y agoRACE-IT 4AIM-ITFerrari turns to chip firm for its new CEO as the industry looks to reinvent itselfCNBCFerrari has appointed electronics pioneer Benedetto Vigna as its new chief executive as the company gears up for the age of electric vehicles.
5y agoRACE-IT CHPT PLTR MSFT+7Cramer's lightning round: Ferrari is a buyCNBC"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
5y agoDIS QCOM AAPL NIO+13Stocks making the biggest moves in the premarket: Disney, Qualcomm, Nio, Lululemon & moreCNBCThe stocks making the biggest moves in premarket trading include Disney, Qualcomm, Nio, Lululemon, and more.
6y agoBABA W SEDG HUM+8Stocks making the biggest moves midday: Alibaba, Wayfair, Humana and moreCNBCThese are the stocks posting the largest moves in midday trading.
6y agoW JAZZ CRUS HUM+8Stocks making the biggest moves in the premarket: Wayfair, Jazz Pharmaceuticals, Cirrus Logic & moreCNBCThe stocks making the biggest moves in premarket trading include Wayfair, Jazz Pharmaceuticals, Cirrus Logic, and more.
6y agoRACE-ITMorgan Stanley hikes price target for Ferrari, says SUVs and electric vehicles will fuel growthCNBCMorgan Stanley's Adam Jonas said in a note that Ferrari is well-positioned to benefit from a shift into SUVs and electric vehicles, including the upcoming Purosangue.
6y agoRACE-IT GM F FCA-ITWhy Ferrari is worth more than some major automakersCNBCThe market value of Ferrari soared to about $30 billion in May, above those of far larger automakers. The Italian company's generous margins and golden brand are attracting investors.
6y agoRACE-IT FCA-IT EXO-ITFerrari rolls out coronavirus testing to get staff ready for workCNBCWorkers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production.
6y agoUG-FR FCA-IT RACE-IT VOW3-DE+2Fiat Chrysler, PSA Group end production at European plants due to coronavirusCNBCFiat Chrysler and French automaker PSA Group are ending production at many European plants through March 27 due to the coronavirus.
6y agoRACE-ITFerrari halts tours and closes two museums in Italy over virus fearsCNBCFerrari's factory and headquarters are in Maranello, just south of the Lombardy region that has reported 200 people infected with the coronavirus.
6y agoTSLA GM RACE-ITChevy's new mid-engine Corvette needs Gen X and millennial buyers to succeedCNBCThe success of the eighth-generation Corvette will largely be on whether it can attract a new generation of buyers beyond its base of Baby Boomer fans.
6y agoTSLA GOOGL CLX RL+8Stocks making the biggest moves midday: Tesla, Alphabet, Clorox, Ralph Lauren and moreCNBCThese are the stocks posting the largest moves in midday trading.