|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||85.81 - 85.81|
|52 Week Range||74.56 - 87.78|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.51 (0.59%)|
|Ex-Dividend Date||Jun 21, 2021|
|1y Target Est||N/A|
After more than a year in a tailspin, Italian sports car brand Maserati unveiled on Wednesday a new high performance sports car, part of a bid by parent Fiat Chrysler Automobiles NV to revive its premium vehicle strategy heading into its merger with French automaker Peugeot SA. The Maserati MC20 rollout in Italy's auto city of Modena is part of a parade of new vehicles planned between now and 2023 to bolster Fiat Chrysler's presence in the global high-end auto market. Germany's Porsche, Ferrari NV, Britain's Aston Martin Lagonda, Tesla Inc's Model S and Model X, and others represent tough competition.
Fiat Chrysler's decision to scrap its dividend marks another setback for plans by the Agnelli family's Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler (FCA) and French Peugeot owner PSA, which have agreed a tie-up to create the world's fourth largest carmaker, said late on Wednesday they were both withdrawing their annual dividend. Exor, led by Agnelli scion John Elkann and FCA's controlling shareholder with a 28.9% stake, will miss out on around 320 million euros in cash at a time when two deals to reshape its portfolio of businesses have either been scrapped or delayed.
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.