News Details
Ferrari slowed by COVID-19 but not driven off course
Luxury sports car maker Ferrari (RACE.MI) still expects to make more than $1 billion in core profit this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis. The company, known for its iconic Formula 1 programme and its prancing horse logo, cut its 2020 core earnings forecast on Monday, blaming a hit to motorsport revenues among other pressures, and warning of an extremely tough second quarter. But the Italian firm said it still expected to generate free cash flow this year, and its guidance contrasted with others in the industry – including U.S. electric carmaker Tesla (TSLA.O), Germany’s Daimler (DAIGn.DE) and Porsche-owner...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Cancelled Grand Prix dents iconic Monaco's prestige
Casino wheels have stopped turning, the Champagne is stuck on ice, and...
5y ago from GrandPrix247.com
Coronavirus patients to be treated at Mexican GP venue
Patients diagnosed with coronavirus who require hospitalisation
are set...
5y ago from MotorsportWeek.com
F1 hopes to begin 2020 with July's Austrian GP, 15-18...
Formula 1 intends to begin the 2020 season with July's Austrian Grand...
5y ago from MotorsportWeek.com
Baku sets mid-October cut-off for 2020 grand prix
Organisers of Formula 1’s Azerbaijan Grand Prix say their event has a...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
13h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
18h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
9h ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
9h ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
15h ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
14h ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
3d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Leon Osman makes huge Arsenal quadruple claim after...
Former Everton star Leon Osman has backed Arsenal to win a historic...
6h ago from CaughtOffside.com
'Always shine on the biggest stages', 'Worth every...
Arsenal fans have hailed midfielder Eberechi Eze for his showing as they...
6h ago from SportsKeeda.com
Player ratings: Arsenal 2-0 Bayer Leverkusen
Arsenal advanced to the Champions League quarter-final with a comfortable...
7h ago from FreshArsenal.com
Partey intends to deny two charges of rape, court told
Former Arsenal footballer Thomas Partey intends to deny two new...
7h ago from SkySports.com
Comments
Hottest News
Toto Wolff prediction made after unique Mercedes situation
Lewis Hamilton bagged his first podium for... Read More »
38m ago from RacingNews365.com
Aston Martin F1 'takeover pitched by new team' as situation...
Aston Martin could be the target of an F1... Read More »
11h ago from GPFans.com
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
20h ago from MotorsportWeek.com
