Ferrari – Milldpress

Ferrari Shares Tumble Toward Historic Losses As Guidance Falls Short

admin5542 months ago04 mins

Topline Shares of Ferrari plummeted in European and U.S. trading on Thursday, pacing what would be the luxury automaker’s worst day yet in both markets after unveiling updated guidance for earnings that fell well below analyst expectations. The luxury automaker also scaled back expectations for its new electric vehicle business. Getty Images Key Facts Ferrari’s…

Hamilton hit with grid penalty before first Monza race as Ferrari driver

admin5543 months ago03 mins

Lewis Hamilton will serve a five-place grid penalty at Ferrari’s home Italian Grand Prix in Monza next weekend after failing to slow for warning flags at Sunday’s Dutch Grand Prix in Zandvoort. The sanction capped a miserable weekend for Formula One’s oldest team, which left the Netherlands empty-handed after both Hamilton and teammate Charles Leclerc…