Ferrari NV
Bentley to end production of ultra-performance 12-cylinder engine as it transitions to EVs
A staff member checks a Bentayga SUV on the Bentley production line at their factory in Crewe, Britain, December 7, 2022. Phil Noble | Reuters Bentley Motors plans to end production of its 12-cylinder engine next April as the famed luxury carmaker transitions to electric vehicles. The British automaker of ultra-luxury performance cars said the […]
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Ferrari’s gains bounce 13% in 2022, supercar maker expects an even much better calendar year in 2023
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long expression system, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday claimed total-calendar year gain up 13% 12 months more than year and guided to an even more powerful year in 2023 on what its CEO […]
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Right here are Monday’s largest analyst phone calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & far more
Right here are Monday’s largest phone calls on Wall Road: Bernstein reiterates Apple as sector complete Bernstein mentioned it can be worried about disappointing Iphone revenues for Apple. “We believe that Iphone revenues this 12 months are likely to disappoint, and we see the prospective for downward revisions (we are 6% consensus EPS for FY […]
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Shares producing the major moves premarket: Lululemon, Duck Creek, Mastercard, Uber and extra
A Lululemon shop in New York Scott Mlyn | CNBC Test out the corporations building the greatest moves premarket: Lululemon — Shares of the Canadian clothing enterprise fell more than 10% immediately after Lululemon decreased its gross margin guidance for the very first quarter. The “athleisure” chain elevated its web earnings guidance for the fourth […]
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Tesla made headlines in 2022, but the top-performing auto stock had nothing to do with EVs
The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. It was about which stock managed to escape the worst of the year’s selling pressure. After significant growth in auto stocks in 2021, […]
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Ferrari raises its 2022 guidance again on red-hot demand for sports cars
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. Still, […]
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There are no American F1 drivers. McLaren CEO Zak Brown has a theory about that
Formula One is revving up for the Singapore Grand Prix this weekend with a stunning cast of racers, but none of them are from the United States — and McLaren’s CEO Zak Brown has a theory about that. “The talents are there, the resources are there. It’s really about when and where they get started […]
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Porsche shares rise in Frankfurt industry debut
The Porsche IPO is established to be one particular of the greatest in European record. Thomas Kienzle | AFP | Getty Visuals Porsche shares edged increased in their stock market debut Thursday, in what is staying billed as a single of the largest community offerings in Europe at any time. Shares of the iconic sporting […]
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Convertibles drive into the sunset as automakers invest in electric vehicles
2024 Ford Mustang Source: Ford Convertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport utility vehicles. Sales of traditional drop-tops such as the Chevrolet Camaro and Ford Mustang, as well as roadsters such as the […]
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Volkswagen shares up marginally on Porsche’s 70-75 billion euro valuation
A Porsche AG Taycan Turbo S electrical auto at the luxury automaker’s improvement middle in Weissach, Germany, on June 21, 2021. Andreas Gebert | Bloomberg | Getty Photographs Volkswagen shares rose marginally on Monday immediately after the carmaker said it was concentrating on a valuation of up to 75 billion euros ($74.84 billion) for sportscar model […]
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