|Bid||172.11 x 800|
|Ask||172.06 x 1200|
|Day's Range||171.86 - 174.01|
|52 Week Range||108.84 - 175.40|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||38.46|
|Earnings Date||Jan 30, 2018 - Feb 04, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 22, 2018|
|1y Target Est||174.16|
Watchmakers from Omega to Cartier and Girard-Perregaux to Panerai have all worked with the Italian sports and racing car manufacturer Ferrari. The latter was the first Hublot model to incorporate styling elements from the road-going GT cars into a watch and was developed with the input of the ‘Centro Stile Ferrari’ design department led by Flavio Manzoni. The grand touring theme was also chosen as the starting point for the latest model in the line-up, the Classic Fusion Ferrari GT, which was designed by Mr Manzoni and his team as a watch to be worn during the type of continent-crossing drives once associated with playboy Ferrari drivers of the 1950s and 1960s.
The video opens with a visit to the foundry, where molten aluminum is poured into molds and we see gloved hands and robots assembling parts for the 4.0-liter twin-turbo V8, its most powerful V8 yet at 769 hp. Ferrari says its engineers increased the capacity on the F154-heritage engine to 3,990 cc from 3,902 cc via a larger, 88-millimeter bore. From there, there’s lots more eye candy, as we’re taken through body assembly, the paint shop, digital and clay modeling, interior parts assembly, and so forth.
Ferrari N.V. (NYSE/MTA: RACE) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has.
UPDATE: The Ferris Bueller Ferrari 250 GT California crossed the auction block on Saturday at Barrett-Jackson, and it hammered for $396,000. Barrett-Jackson called it a "crowd favorite" — it rolled onto the stage to the "Oh Yeah" theme song used in the movie. If you don't care too much for originality but love Ferris Bueller, we'll call this one a good buy.
Prototipo, of course, is Italian for "prototype," indicating this example's status as the very first example of the F40 successor ever built. Per the listing, it was also the model for Shin Yoshikawa's cut-away illustration and several scale models (including those sold by Burago, Maisto and Tamiya) and its likeness was even depicted on postage stamps. After this world tour, the Prototipo returned to the Ferrari factory for a complete rebuild, after which it was sold (as promised ahead of time) to Jacques Swaters, a personal friend of Enzo Ferrari.
Cars made by Audi, BMW, Honda, Daimler Vans, Fiat Chrysler, Ferrari, Ford, General Motors, Mazda, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen could be affected.
(Bloomberg Opinion) -- Barely a year has passed since Aston Martin Lagonda Global Holdings Plc listed shares in London and persuaded investors it deserved a premium valuation similar to that of Ferrari NV. The luxury carmaker’s preliminary yearly results, published on Tuesday, were a reminder that its management badly misjudged both the strength of the brand and the resilience of its balance sheet.In reality Aston Martin isn’t a patch on Ferrari and instead faces an uphill battle just to keep the lights on. A year ago the U.K. company told investors that its dealers would probably purchase about 7,200 vehicles in 2019. In fact, wholesale volumes fell 7% to a dismal 5,800 (or about 5,900 if special models are included).Instead of the 24% Ebitda margin promised in 2019, Aston Martin achieved only 13%. This means it almost certainly lost money for the second year running. The ratio of Aston Martin’s indebtedness to Ebitda — at more than 6 times — is alarmingly high. About 3 billion pounds ($3.9 billion) of equity value has gone up in smoke since the initial public offering.Aston Martin wants investors to look past all this and focus on promising orders for the DBX sports utility vehicle, on which the fate of the company depends. Access to a second $100 million tranche of debt financing was contingent on quickly gaining 1,400 orders for the DBX, which Aston Martin has achieved.While that’s a relief, that Aston Martin now plans to draw on this very expensive borrowing reveals how fragile its finances have become. And even this might not be enough to tide the company over until DBX sales start in the second quarter.Management is reviewing funding options, including the possibility that strategic investors make an equity investment. A capital injection would reassure Aston Martin’s bondholders — while the sterling bonds sold off on Tuesday, they remain well above the October lows. But existing shareholders, who’ve suffered plenty already, must fear getting diluted (unless they engineer a takeover).In view of its salience to cash flow, the focus on the DBX is understandable, yet it shouldn’t distract from the pretty lamentable performance of Aston Martin’s core business. On Tuesday luxury rival Rolls-Royce (owned by BMW AG) confirmed its sales increased by one-quarter last year. Ferrari is expected to report a 34% adjusted Ebitda margin for 2019, almost treble what Aston Martin achieved.The British carmaker has been guilty of pushing too many cars to dealers, which puts downward pressure on pricing. Rectifying this will be a slog. Residual values for luxury cars have softened, according to Goldman Sachs Group Inc. analysts, which might make customers reluctant to pay top dollar for a new car and can make leasing expensive. Aston Martin managed to cut an inventory overhang toward the end of the year only by stepping up financing support and marketing spend.Though difficult to quantify, negative headlines about Aston Martin’s finances probably aren’t helping dealers shift models. Plenty of its customers are banker types who’ll know better than most how precarious the situation has become.To contact the author of this story: Chris Bryant at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Chris Bryant is a Bloomberg Opinion columnist covering industrial companies. He previously worked for the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2020 Bloomberg L.P.
Porsche is no stranger to building special-edition 911s, but with Thursday's announcement of an upcoming run of just 75 units being made exclusively for the Belgian market, well, we can't help but think that maybe the pickings are getting a bit slim over in Stuttgart. Jacky Ickx is a name firmly associated with some of the world's most cherished and well-known racing series. Ickx won Le Mans a half dozen times, after all, and championed cars for Lotus and Ferrari in Formula 1 during the wild and experimental 1970s.
Porsche offers a slew of courses, or experiences, at its Porsche Experience Center in Atlanta, as well as a new facility out in Los Angeles. I decided to take the Porsche 911 GT3 experience for a spin.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
To create the Roma, Ferrari started with the platform used for the Portofino convertible. Engineers strengthened and lightened the architecture and made it modular, so that it will support the company's range of front-engined vehicles included in CEO Louis Camilleri's near-term product roadmap of 15 new vehicles over the next three years. Auto Express reports one of those products will be the Purosangue SUV – or FUV, Ferrari Utility Vehicle if you heed the carmaker's marketers – expected to debut in 2021 before going on sale in 2022 or 2023.
The Ferrari Roma saw its grand release just over a month ago in Italy. At the time, Ferrari was rather stingy with details. The Roma features new cam profiles and a new speed sensor, which allowed Ferrari engineers to increase the maximum rpm.