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By Edward Jones –  May 01, 2020

Ferrari is in Final Phases to Open Back Up

Ferrari has just announced that they are in their "Installation Lap" phase in regards to their efforts to start production back up. Over several days, Ferrari will be providing training sessions for employees, going over precautionary measures to take against any health risk. Ferrari will also be checking employees at entrances and also providing proper PPE as well as voluntary tests. With these measures in place, Ferrari will start gradually ramping up production on May 4 with full production returning on May 8. Ferrari does note that business activities that can be carried out remotely will continue to do so. View Ferraris for Sale Related Video: " width="680">

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By Andrew Nabors –  July 26, 2018

Why Ferrari is Immune to Trade Wars

One of the best financial moves in automotive history was Ferrari's IPO. This move was headed up by the late Ferrari CEO Sergio Marchionne, who passed away just two days ago. Even though he's gone, the plans he laid out for Fiat-Chrysler and Ferrari, and the moves he made will be taught in universities for years to come. Many thought it was unsafe to remove Ferrari from FCA, but he remained as CEO of both companies.If President Trump does enact a tariff on Italian cars, it could potentially hurt shares of FCA, who operates many factories and dealers in the US. Adding another $1,000 to the Dodge Journey could make it too expensive for many in its target audience, forcing them deeper into sub-prime loans. On the other end of the spectrum, adding $1,000 to a new Ferrari 812 Superfast is probably less than the cost of any of their Tailor-Made options. Buying a few shares or a 488 Pista will both offer returns on investment, depending on how long you are willing to wait. Ferrari 488 GTB Looks Great On Wall Street Or Your StreetIf you have the means to purchase a new Ferrari, a small tariff would be like tossing a match onto a bonfire. In fact, adding to the price might make the car slightly more exclusive, another reason to buy one. But the price is so negligible when its such a small percentage of the overall price. While it might hurt mainstream automakers that caters to the more mainstream customer, keep a close eye on Ferrari's ticker (NYSE: RACE). A few dollars today could have nice returns in the near future.Find Your Ferrari Here

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By Edward Jones –  July 23, 2018

Sergio Marchionne Leaves Ferrari and FCA as CEO

Sergio Marchionne, during his recovery from a recent surgery, has had unexpected health complications arise. Due to this, he has stepped down as CEO of Fiat Chrysler Automobiles NV (FCA). This also means that he's stepping down as Chairman and CEO of Ferrari.Replacements for his position have already been announced. For FCA, Mike Manley will be the CEO of FCA. He has been the head Jeep since 2009 and Ram brands since 2015. His direction at Jeep has lead to tremendous success and a new life for the iconic truck brand. At the next FCA shareholder meeting, which will be held in the coming days, members will propose his new position.2017 Pagani Huayra Lampo For Sale Mike ManleyAt Ferrari, John Elkann has been named as Chairman. Elkann has held a chair at FCA and is the CEO of Exor, which controls Ferrari and the famous soccer team Juventus F.C. His grandfather was Giovanni Agnelli, who was once the head of Fiat.Louis C. Camilleri is to be named the CEO of Ferrari. Camilleri joined Philip Morris Europe in 1978 and rose through the ranks to become the company's CEO in 2002.All Ferraris for Sale  

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By Edward Jones –  July 26, 2017

Ferrari Introduces New Extended Warranty Program

Ferrari has introduced the new Power15 extended warranty program in order to give new owners even more peace of mind when daily driving their Italian sports car, like the new 488 GTB or 812 Superfast.Before Power15, new Ferrari owners were greeted with a standard factory three-year warranty and a seven-year free maintenance program. During the cars 6th and 12th year, owners can opt for the new Power15 warranty, which will cover all major components.Now, Power15 will extend the program with the "possibility of covering the vehicle’s main mechanical components, including the engine, gearbox, PTU, suspension and steering, from year 12 right up to year 15," according to Ferrari. This new coverage will last for 12 months, but can be renewed each year for three years.Power15 will be available for both new and pre-owned Ferraris. Additionally, Ferrari will offer the Power15 extended warranty to cars that do not have the extended warranty or have gaps in their coverage. However, that kind of coverage will be subject to the car passing "specific technical checks." 

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