RACE Stock Recent News

Maranello (Italy), May 27, 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 daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

Ferrari CEO Benedetto Vigna is confident the manufacturer's first fully electric supercar can sell just as well as its roaring combustion-engine models. In an exclusive interview with Bloomberg's Francine Lacqua.

Ferrari CEO Benedetto Vigna says the trade spat with China over electric vehicles is a 'call to action' for Europe. Tensions between China and Europe are growing as a deadline approaches for the European Union to announce the results of a probe into Beijing's EV subsidies.

Ferrari CEO Benedetto Vigna says the Chinese market needs more time to mature. In an exclusive interview with Bloomberg's Francine Lacqua, Vigna said China sales won't top 10% and the country isn't beneficial for Ferrari's margins.

Ferrari CEO Benedetto Vigna discusses the luxury carmaker's electric-vehicle plans and the luxury autos market in China, which he says needs more time to mature. Ferrari's first fully electric car — to be introduced late next year — will be “unique in all the respect,” Vigna tells Bloomberg Television's Francine Lacqua.

corporate. ferrari.com Maranello (Italy), 21 May 2024 – Ferrari N.V. (NYSE/EXM: RACE) announces the settlement of the offering, previously announced, of Euro 500 million in aggregate principal amount of 3.625% notes due on 21 May 2030, with an issue price of 99.677% (the “Notes”).

Maranello (Italy), May 20, 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 daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

Ferrari should be viewed more like a luxury brand and less like a regular auto business. Targeting some of the wealthiest people on the planet leads to durable demand trends.

Ferrari: A Cautious Buy On This Luxury Powerhouse

Ferrari has no problem growing its revenue and earnings in virtually any economic environment. One key to the company's success is the powerful brand, which will drive results over the long term.