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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.
Ferrari shares dropped 7.57% after the company introduced its first fully electric vehicle to global markets.
Porsche reports a 91% drop in net profit for 2025, with earnings falling to €310 million from €3.6 billion a year earlier.
Mercedes-Benz design chief Gordon Wagener will leave the automaker after 28 years, ending a defining chapter in the brand’s design history.