Ferrari NVNYSE: RACE

Maranello (Italy), June 28, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fourth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows:

Maranello (Italy), June 24, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fourth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

The new Ferrari (RACE) factory in Italy is set to house both the E.V. and hybrid production.

Ferrari has unveiled a new factory in Italy where it build the company's first all-electric supercar. The site in Maranello will also make hybrid models and cars powered by combustion engines.

I have been neutral on Ferrari NV (RACE, Financial) for some time. However, with momentum dwindling and the stock's valuation unjustifiable in my view, I am expecting to see the car company give back some of its gains in the second half of the year.

Chinese carmakers have urged Beijing to hit back against European Union tariffs on electric vehicles (EVs) with "the most severe measures" At a private meeting organized by China's Ministry of Commerce, car manufacturers reportedly called on their government to retaliate by imposing tariffs on imported European vehicles with high-powered engines, Bloomberg reported today. German carmakers and Britain's Jaguar Land Rover, which makes Land Rover Discovery and Land Rover Defender models in Slovakia, could be affected, along with the Italian luxury brand Ferrari (NYSE:RACE), said the report.

Ferrari (NYSE:RACE)'s maiden electric vehicle will cost a minimum of €500,000, amid plans for the luxury carmaker to open a site aimed at developing the new model, reports from Reuters revealed. A new production plant is expected to help boost manufacturing of the EV, hybrids and ICEs by as much as a third.

Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to open a plant that will make the model - and could boost group production by up to a third.

Maranello (Italy), June 10, 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 350 million share buyback program announced on November 7, 2023, as the fourth tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Fourth Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) and on the New York Stock Exchange (NYSE) as follows: