RACE Stock Recent News

Ferrari has been sued in the United States by drivers who said the Italian luxury sports car maker has failed to fix vehicles at risk of a partial or total loss of braking capability.

Ferrari 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.

Ferrari (RACE) reachead $420.38 at the closing of the latest trading day, reflecting a -0.49% change compared to its last close.

In the last five years, Ferrari has grown revenue and earnings at impressive rates. The company's brand stands for luxury and exclusivity, leading to tremendous pricing power.

Ferrari has delivered impressive returns to shareholders, averaging over 20% a year since being spun off from Fiat in 2014. The company's strategy of restricting supply and maintaining exclusivity has increased demand, with a 24-month waiting list to buy a car. Ferrari's strong financial performance, with record-breaking revenue and profits, justifies its expensive valuation and indicates potential for future growth.

Investors with an interest in Automotive - Original Equipment stocks have likely encountered both Modine (MOD) and Ferrari (RACE). But which of these two companies is the best option for those looking for undervalued stocks?

Auto maker Ford is celebrating the 10th anniversary of its Transit van with upgrades to the all-electric e-Transit version.

Ferrari Q4: Blockbuster Dividend And 5-Year Profit High

The world's largest electric vehicle-maker, BYD, launched a $233,450 battery-powered supercar that will rival not only Tesla, but also luxury gas-guzzlers sold at the likes of Ferrari and Lamborghini.

Ferrari's fabled prancing horse is hoofing it to Soho. Retail sources tell us that the legendary Italian automaker has signed a lease at Marx Realty's 92 Prince St., which is currently home to a large Nespresso coffee bar.