Ferrari has never been a company that shies away from taking risks. Over the decades, the iconic Italian marque has built its reputation on engineering excellence, speed, exclusivity, and a deep emotional connection with enthusiasts who view its cars as rolling works of art. But its latest creation, the all-electric Luce, may be the most…
Luxury sports car manufacturer Ferrari has seen its shares tumble after unveiling its first fully electric vehicle, the $640,000 (£474,320) Luce. Following the launch, Ferrari’s shares dropped more than 8% on the Milan stock market and over 5% in New York as investors and car enthusiasts reacted to the company’s bold shift into the electric…
Luxury sports car maker Ferrari has unveiled its first fully electric vehicle, the $640,000 (£474,320) “Luce.” The new model marks a major shift for the iconic Italian brand, becoming Ferrari’s first-ever five-seater and featuring a design created in collaboration with LoveFrom, the agency founded by former Apple design chief Jony Ive. Unlike Ferrari’s traditional supercars,…
John Elkann, chairman of Ferrari and Stellantis, has agreed to perform one year of community service and jointly pay €183 million (£159 million) to Italian tax authorities, bringing an end to a high-profile inheritance tax dispute involving one of Italy’s most influential families. The agreement, announced by prosecutors on Monday, resolves allegations that Elkann and…
Ferrari has launched a new initiative asking its owners and fans to help identify and report counterfeit products, from cars to merchandise, in an effort to maintain the authenticity and value of the brand. Classic Ferraris are among the most valuable cars globally, sometimes fetching tens of millions of dollars. This high value has attracted…
BYD, the Chinese automaker recently crowned as the world’s leading electric vehicle seller, has launched its latest innovation in the automotive market: the all-electric Yangwang U9 supercar. With nearly 1,300 horsepower under the hood, this new entry is poised to rival established luxury brands like Lamborghini and Ferrari. Featuring four electric motors and all-wheel-drive capability,…
An intriguing piece of racing history, in the form of a weathered and battle-worn 1954 Ferrari Mondial Spider Series I, fetched a remarkable $1.9 million at an auction hosted by RM Sotheby’s in California. While the price tag might raise eyebrows, delving into the context reveals a story that is more than just a financial…
