Tag: Ferrari

JCT600 to open its highest value dealership with Ferrari in Leeds

JCT600 is set to build a standalone, two-storey retail centre for Ferrari in Leeds. The new £9m showroom will be only the third in the UK to sport Ferrari’s latest corporate identity. It is the highest value project ever to be undertaken by the Yorkshire-based automotive retailer. Work is due to start on the development… Continue reading JCT600 to open its highest value dealership with Ferrari in Leeds

Exor expects $13 bln for careful acquisitions after PartnerRe sale

* Potential sale sends shares to all-time high * Source says would take time to pick suitable assets By Giulio Piovaccari MILAN, Feb 10 (Reuters) – Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on… Continue reading Exor expects $13 bln for careful acquisitions after PartnerRe sale

Demand For Electric Classics Surge: Lunaz Doubles Workforce

Following the news of the UK’s plan to ban the sale of all new petrol, diesel, and hybrid cars by 2035, electric conversion specialists Lunaz have announced that it will be doubling its workforce. The Silverstone-based company, founded in 2018, as quickly established itself as a leader in the emerging classic car electric conversion market,… Continue reading Demand For Electric Classics Surge: Lunaz Doubles Workforce

Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional

Aston Martin chief executive Andy Palmer talks exclusively to Autocar UK following the announcement that billionaire Lawrence Stroll is investing in the firm.“I’m getting too old for all-nighters, but let’s just say it was a late night! It has been time-consuming, but as I sit here now the company is better funded than it has… Continue reading Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional

Ferrari : 2019 PERFORMANCE CONFIRMS STRONG MOMENTUM

2019 PERFORMANCE CONFIRMS STRONG MOMENTUM2020 GUIDANCE UPGRADING PREVIOUS PLAN ACROSS ALL METRICSFerrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the twelve months ended December 31, 2019, summarized as follows:Total shipments of 10,131 units, up +9.5%Net revenues of Euro 3,766 million, up +10.1% or +8.2% at constant currencyAdj. EBITDA of Euro 1,269 million,… Continue reading Ferrari : 2019 PERFORMANCE CONFIRMS STRONG MOMENTUM

Ferrari tempers 2020 expectations with cautious upgrade

MILAN (Reuters) – Demand for Ferrari’s (RACE.MI) Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane/File Photo… Continue reading Ferrari tempers 2020 expectations with cautious upgrade

Aston Martin’s lifeline buys carmaker time as SUV hits road

LONDON (Reuters) – Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint… Continue reading Aston Martin’s lifeline buys carmaker time as SUV hits road

Salaries, only four women among the 100 highest paid managers in Italy

Higher-paid men have multiple wages than women. As long as he was able to drive Fiat-Chrysler, Ferrari, Cnh Industrial Sergio Marchionne (died on 25 July 2018), he received 28.27 million euros gross in 2018, according to the financial statements of Exor, the holding of the Agnelli-Nasi heirs, of to which he was vice president. Marchionne’s… Continue reading Salaries, only four women among the 100 highest paid managers in Italy

Villas, Ferraris and businesses: 237 citizens of income discovered

FINANCE POLICE These are the results of a vast assessment by the Locri Finance Police, which revealed a branched fraud against public spending. The damage amounts to 870 thousand euros, money that will now be recovered after the yellow flames have reported the irregularities to INPS. by Ivan Cimmarusti January 23, 2020 Ville and Ferrari… Continue reading Villas, Ferraris and businesses: 237 citizens of income discovered