U.S. stocks are moving丨Ferrari is up more than 1% before the market opens. The CEO stated that they will insist on manufacturing cars in Italy and are "not afraid" of Trump’s tariffs.

Ferrari's CEO Benedetto Vigna recently stated that Ferrari will always produce luxury sports cars in its hometown of Maranello in northern Italy, including the first all-electric model expected to be launched next year.

Gelonghui Finance04:34 ET

A year-on-year increase of 32%! Global electric vehicle sales have set historical highs for three consecutive months, with China accounting for 70% of the market.

The performance of the China market is impressive, with sales in November growing by 50% year-on-year to reach 1.27 million vehicles, accounting for about 70% of Global total sales. Overall Auto sales in China for November increased by 16.6% compared to the previous year, marking the highest growth rate since January this year. BYD is expected to exceed the annual Global sales target and surpass Ford and Honda.

wallstreetcn22:04 ET

Broad Arrow to Offer Ferrari 250 GT LWB California Spider Competizione at 2025 Amelia Auction

GlobeNewswire12:51 ET

RBC Capital Maintains Ferrari(RACE.US) With Buy Rating, Cuts Target Price to $491.78

Moomoo NewsDec 12 06:31 ET · Ratings

RBC Capital Sticks to Its Buy Rating for Ferrari (RACE)

TipRanksDec 12 05:56 ET · Ratings

“Not afraid of” Trump's tariffs! Ferrari CEO: Will insist on manufacturing cars in Italy.

① The CEO of Ferrari stated that the company will continue to produce luxury sports cars in Maranello, Italy, including the first all-electric model to be launched next year, unaffected by USA tariff policies. ② Ferrari expects that market demand will not change due to Trump's tariff policies, as its customers are insensitive to price. ③ Ferrari plans to launch its first all-electric vehicle in the fourth quarter of 2025, with previous reports estimating a price of over 0.5 million euros.

cls.cnDec 11 04:24 ET