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FTSEMIB:RACE, May 29, 10:57 UTC

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Wednesday, May 20


News

Ferrari Pricing of Issue of Notes Milan Stock Exchange:RACE

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May 20, 2020 17:23 ET | Source:Ferrari N.V. Maranello (Italy), 20 May 2020 – Ferrari N.V. (NYSE/MTA: RACE) (the “Issuer”) today announces the pricing of a Euro 650 million issue of notes due in May 2025 (the “Notes”), being the initial offering for a minimum benchmark size more than five times oversubscribed. The issue price of the Notes is equal to 98.898% of their principal amount and the Notes have a fixed annual coupon of 1.500%. Banca IMI S.p.A., Barclays Bank PLC, BNP Paribas, Goldman Sachs International, J.P. Morgan Securities plc, Merrill Lynch International and UniCredit Bank AG acted as Joint Lead Managers and Bookrunners to the issue of the Notes. Application has been made for the Notes to be admitted to the Official List of Euronext Dublin and to trading on the regulated market of Euronext Dublin.

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News

Ferrari Announces Offering of Notes Milan Stock Exchange:RACE

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Ferrari Announces Offering of Notes. May 20, 2020 03:02 ET | Source:Ferrari N.V. Maranello, 20 May, 2020 - Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubordinated obligations of Ferrari. Ferrari intends to use the net proceeds from the offering of the Notes for general corporate purposes. Attachment. Ferrari N.V. logo.pngLOGO URL | Copy the link below.

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Wednesday, May 13


News

Ferrari and Italian Institute of Technology produce low-cost ventilators

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Login / Join. Mail. Weather. News. UK. Money. World. Politics. Coronavirus. Lifestyle. Entertainment. Motoring. Sport. Football. F1. Cricket. Rugby Union. Tennis. Golf. Other Sports. Video. Help. Ferrari and Italian Institute of Technology produce low-cost ventilators. May 13th, 2020 at 12:38PM. Ferrari and the Italian Institute of Technology (IIT) have developed an easy to use and assemble ventilator that can be used by hospitals when dealing with emergencies such as the coronavirus pandemic. Designed in just five weeks, the pulmonary ventilator is produced using easily available materials at a lower cost than currently available devices, the creators said. The project from Scuderia Ferrari Mission Winnow and the IIT goes by the name FI5. The letters are the initials of the Maranello marque and the research institute based in Genoa, while the number indicates the number of weeks required to produce a fully functioning prototype. The ventilator has been designed to meet the typical demands of medium intensive care, and is said to be reliable, versatile, easy to use and assemble. It is also able to optimise oxygen consumption and be produced in volume, using easily available materials. The technical specifications of FI5 are available as an open source project, meaning anyone can produce it. The first prototype was assembled last week at IIT headquarters in Genoa and underwent and passed all the functionality tests. Mattia Binotto, managing director at Gestione Sportiva and team principal at Scuderia Ferrari Mission Winnow, said: “The challenge of Covid-19 was one we wanted to take on. “FI5 is the contribution we made as the Scuderia, fielding the very essence of what makes a Formula One team and more importantly, all the characteristics that make Ferrari special – its passion, its creativity and its desire to improve. “This project was a very stimulating experience as well as being truly rewarding for all those involved, who worked side by side with our colleagues from IIT and the other partners.”. Professor Giorgio Metta, scientific director of the Italian Institute of Technology, said: “It is a project initiated because of an urgent health emergency in our society to which we have responded very quickly thanks to the combination of the Scuderia that is the pride of our nation and famous around the world, and a research centre that is at the forefront of internationally respected scientific institutions.”. Recommended. No apparent surge in travel as lockdown measures eased. Key Bloody Sunday hearing set for Londonderry in July. McDonald's customers upset after missing out on delivery due to huge demand. Stay local to enjoy nature this weekend, Woodland Trust urges. © 2020 Verizon Media. All rights reserved.

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Wednesday, May 06


News

Were Hedge Funds Right About Ferrari N.V. (RACE)?

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After several tireless days we have finished crunching the numbers from nearly 835 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of December 31st. Our calculations also showed that RACE isn't among the 30 most popular stocks among hedge funds (click for Q4 rankings and see the video at the end of this article for Q3 rankings). We leave no stone unturned when looking for the next great investment idea. For example, COVID-19 pandemic is still the main driver of stock prices. So we are checking out this trader's corona catalyst trades. The graph below displays the number of hedge funds with bullish position in RACE over the last 18 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

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Thursday, April 23


News

Italy's Exor raises GEDI stake above 60% ahead of mandatory offer

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(Reuters) - The Agnelli family's Exor (EXOR.MI) has signed agreements that will raise its stake in Italian publisher GEDI (GEDI.MI) above 60% ahead of a mandatory tender offer for the remaining shares. Exor in December agreed to buy a 43.78% controlling stake in GEDI, which publishes daily newspapers La Repubblica and La Stampa, from CIR at 0.46 euros per share, for 102.4 million euros ($110 million). Exor said on Thursday that as well as closing the share purchase from CIR through its Giano Holding vehicle, it had bought another 5.06% stake from the Perrone family's Mercurio. It also agreed to buy a further 6.07% stake from SIA BLU and Giacaranda Caracciolo in a transaction which is due to close before the launch of the mandatory tender offer.

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Tuesday, April 21


News

Ferrari rolls out coronavirus testing to get staff ready for work

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MILAN (Reuters) - Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production. Under its "Back on Track" project, Ferrari staff, families and suppliers first take blood tests to see if they're clear and will then be given an app which will alert them if they've been in close contact with any scheme members who contract COVID-19. As manufacturers in Europe and North America scramble to find ways to restart their businesses while keeping the virus out of production sites, Ferrari's scheme to test workers and track possible cases of COVID-19 is being closely watched. The aim is to ensure only healthy staff resume work but if someone does get the disease, their close contacts will be alerted by the smartphone app to stay away from the plant until they've been given the all clear. Under the scheme, Ferrari will also give specific insurance coverage to those hospitalised after testing positive and will arrange temporary accommodation and medical assistance for anyone who has to self-isolate. For now, Ferrari's plants remain shut along with other businesses in Italy deemed non-essential. But the carmaker says its scheme developed with virologists will help provide a safe working environment as soon as restrictions are eased.

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Wednesday, April 08


News

Agnelli family's Exor vows to push through big deals despite pandemic

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MILAN (Reuters) - The boss of Exor <EXOR.MI> showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion portfolio of corporate holdings, despite being caught at mid-air by the coronavirus crisis. In a letter to the holding's shareholders, boss John Elkann, the scion on Italy's Agnelli dynasty, said his family had been in business for a long time and had "overcome wars, revolutions, crises and pandemics". But the market chaos created by the pandemic may make those deals less lucrative: the proposed merger between Exor-controlled Fiat Chrysler <FCHA.MI> and France's PSA <PEUP.PA>, which includes a 5.5 billion euros special dividend for Fiat Chrysler's (FCA) shareholders; the sale of its 100% stake in reinsurer PartnerRe to France's Covea for $9 billion cash; and the spin-off and listing of truck, bus and powertrain businesses from CNH Industrial <CNHI.MI>. Elkann on Wednesday said he was very confident the combination would allow FCA and PSA to achieve a planned target of 3.7 billion euros in annual synergies under the lead of current PSA CEO Carlos Tavares. Analysts think the merger is essential to the two group's long term competitiveness, especially now that the virus crisis has forced them to shut most of their plants and virtually erased car demand. But analysts at Jefferies said adjustments to the deal's terms were "inevitable", barring a return to normal trading conditions no later than third quarter.

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Friday, April 03


News

rover defender: Aston Martin DBX, Ferrari Roma & McLaren Elva: Hottest cars of 2020 that turned cold due to Covid-19, Auto News, ET Auto

RACE RACE +3 more RACE RACE F TSLA AML

The global auto industry of 2020 is witnessing an unprecedented, near-instantaneous drop in demand as potential customers steer clear of car lots, and dealers close up shop to comply with public health mandates. Volkswagen, Honda, Hyundai, and Mazda each reported a more than 40% decline in U.S. sales last month. For the year, S&P expects global auto sales to plummet almost 15%. For sales of the most anticipated cars of 2020, the timing couldn’t be worse. Among them are a few futuristic electric vehicles, which suddenly must contend with some of the lowest gas prices on record. Others are six-figure speed machines that were banking on Wall Street bonuses and swelling stock markets, neither of which seem likely in 2020. What follows are some of most needle-moving whips rolled out in years—all for a pre-coronavirus world. Rivian was planning to deliver its first SUV late this year; at the moment, its facilities are shuttered, including the former Mitsubishi plant in central Illinois, where it was mapping out assembly lines. Ford has also been hustling to finish its Mustang Mach-E, an all-new, all-electric vehicle whose November debut won broad praise for checking three critical boxes: good looks, long range, and performance specs that best gas-powered pony cars.

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Friday, March 27


News

Ferrari extends Italian plant closures to April 14 subject to supplies

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Ferrari extends Italian plant closures to April 14 subject to supplies. MILAN (Reuters) - Luxury carmaker Ferrari <RACE.MI> said on Friday it would extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings. Ferrari this month closed factories in Maranello and Modena, in the northern Italian region of Emilia-Romagna, for two weeks until March 27 in a response to the coronavirus outbreak and a shortage of parts. Investment firm Exor <EXOR.MI>, which controls Ferrari, on Wednesday said that current plant closures at Ferrari as well as at other controlled companies Fiat Chrysler <FCHA.MI> and CNH Industrial <CNHI.MI>, though temporary, might continue.

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Saturday, March 14


News

Ferrari to close plants in Italy for two weeks in coronavirus response

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MILAN (Reuters) - Luxury carmaker Ferrari <RACE.MI> said on Saturday it closed its two plants until March 27 in a response to the coronavirus outbreak in Italy and an emerging shortage of parts. Ferrari adds to a string of Italian manufacturers which have closed plants or slowed production rates in response to the virus emergency, threatening to disrupt Europe's struggling automotive industry. Ferrari said in a statement it had so far ensured production continuity, as it already implemented all the health measures decided by the Italian government at the two sites, located in hometown Maranello and in Modena, in the northern Emilia Romagna region. However it added the company was "now experiencing the first serious supply chain issues, which no longer allow for continued production". Premium brakes maker Brembo <BRBI.MI>, whose clients include Ferrari, said on Friday it would temporarily close its four Italian plants next week.

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