Ferrari Replaces Marketing Chief After EV Launch Sends Shares Down 8%
Ferrari replaced marketing chief Enrico Galliera after the disappointing launch of its first electric vehicle contributed to an 8% drop in the company’s shares.
Explore MarketSpeaker's latest reporting, research, and expert analysis tagged with "ferrari", collected in one continuously updated archive.
Ferrari replaced marketing chief Enrico Galliera after the disappointing launch of its first electric vehicle contributed to an 8% drop in the company’s shares.
Former Ferrari chairman Luca di Montezemolo criticized the new Ferrari Luce, saying the electric supercar risks ‘destroying the legend’ of the iconic brand amid widespread backlash over its design.
Ferrari shares dropped 7.57% after the company introduced its first fully electric vehicle to global markets.
Ferrari introduced its first fully electric supercar, the Luce, featuring 1,050 horsepower, a 2.4-second 0–100 km/h time, and interior design collaboration with former Apple designer Jony Ive.
Ferrari topped Wall Street’s first-quarter expectations and reaffirmed its full-year guidance as it prepares for its first electric vehicle debut.
Louis Vuitton shares fall nearly 30%, marking the worst drop since 1989 as Middle East demand weakens.
Luxury automaker Ferrari is issuing a digital token allowing elite fans to participate in an auction for its Le Mans-winning 499P race car through its Hyperclub network.