News Details
Ferrari loses billions as electric launch sparks backlash
May 27 Ferrari has been hit by a wave of criticism – and a major stock market selloff – following the launch of its controversial new electric luxury model, the Ferrari Luce. The all-electric four-door Ferrari, designed with input from former Apple designer Jony Ive, was unveiled by the marque's Formula 1 stars Lewis Hamilton and Charles Leclerc. But the reaction online and in financial markets was brutal. Ferrari shares reportedly dropped between 6 and 8 percent following the reveal, wiping roughly 4-5 billion euros from the company's market value within hours. The Luce carries a starting price of 550,000 euros in Italy, making it Ferrari's most expensive non-supercar...
Full Story »
Full Story »
17h ago from OneStopStrategy.com
0
You May Also Be Interested In...
Komatsu Calls Out Ocon Rumours As ‘Absolute...
Haas team principal Ayao Komatsu has emphatically dismissed reports...
1d ago from Formula1News.co.uk
Red Bull Consultant Gino Rosato Calls Jos Verstappen A...
Red Bull's newly appointed consultant Gino Rosato has offered a candid...
1d ago from Formula1News.co.uk
Charles Leclerc delivers Ferrari ‘nightmare'...
Charles Leclerc described his Formula 1 Canadian Grand Prix as "the...
3d ago from MotorsportWeek.com
Liuzzi ‘not optimistic' as Ferrari faces crucial...
May 21 Vitantonio Liuzzi admits he is pessimistic about Ferrari's title...
6d ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
VR46 riders left amazed by Valentino Rossi's...
No description available...
11h ago from Motorsport.com
Marc Marquez’s remains cautious as recovery...
No description available...
13h ago from Motorsport.com
Cal Crutchlow gets Misano test as potential Johann...
No description available...
17h ago from Motorsport.com
Pramac MotoGP team announces arrival of Ross Brawn to...
Pramac has announced that former Formula 1 team boss Ross Brawn has...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Barnes: A few thoughts on the schedule surrounding the...
No description available...
3h ago from Motorsport.com
Former F1 racer Takuma Sato on the strategy to win the...
Anything can happen over the course of a 500-mile oval race — and, in...
6h ago from MotorsportWeek.c...
Santino Ferrucci “wish we had the week off” for...
No description available...
8h ago from Motorsport.com
Winners and losers from the 110th running of the...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hankook reveals plans for new 2027 WRC tyres, plus...
No description available...
16h ago from Motorsport.com
Takamoto Katsuta: “There is no question, it is full...
No description available...
1d ago from Motorsport.com
Toyota “nervous” of Hyundai threat ahead of WRC...
No description available...
1w ago from Motorsport.com
The mental challenge WRC leader Elfyn Evans faces at...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Jack Wilshere explains why Arsenal are well placed to...
Former Arsenal star Jack Wilshere explains why Arsenal are well placed to...
10h ago from SportsKeeda.com
CL final predictions: Arsenal can go from nearly-men...
Arsenal face Paris Saint-Germain in the Champions League final and by...
9h ago from SkySports.com
Arteta ready to take final step on Arsenal’s 20-year...
decades of disappointment followed Parisian nightmare of Lehmann, Eto’o...
10h ago from TheGuardian.com
Premier League 2025-26 review: the team of the season
no Fernandes, Elliot Anderson and Igor Thiago join a number of Arsenal and...
11h ago from TheGuardian.com
Comments
Hottest News
F1 boss makes Las Vegas final race decision
F1 CEO Stefano Domenicali has opened up about... Read More »
6h ago from GPFans.com
F1 MATHS: What the fastest lap times reveal about the...
Andrea Kimi Antonelli’s fourth consecutive... Read More »
4h ago from F1Technical.net
Lewis Hamilton told to stay away from Ferrari F1 assistance...
Lewis Hamilton has been urged not to use the... Read More »
6h ago from GPFans.com
