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Investor's Business DailyHow Ferrari Is Future-Proofing Its Business As Electric Supercar Battle Looms
The first electric Ferrari supercar and Tesla Roadster may both arrive in 2025. Ferrari stock rose near a buy point and Tesla also rallied.
ReutersFerrari says new plant will boost flexibility, shorten car development times
Ferrari will use its new production site to boost manufacturing flexibility and shorten the time needed to develop and roll out new models, rather than to increase output, the CEO of the Italian luxury sports carmaker said on Friday. Ferrari's so called e-building in its home town of Maranello, northern Italy, for which it has invested around 200 million euros ($214 million), will also produce its first fully electric (EV) car, expected to be launched at the end of next year. "This building will allow us to shorten time to market or product development time," CEO Benedetto Vigna said at the plant's inauguration, adding these two activities sometimes currently overlap on existing assembly lines.
InvestorPlaceWall Street Favorites: 3 Auto Stocks With Strong Buy Ratings for June 2024
Amidst positive market trends and robust financial performance, several analysts have rated strong buy auto stocks to capitalize on the industry’s growth. The auto sector is well on its way to a strong recovery this year after a rough 2023. Much of this optimism is driven by the shift in market conditions with increasing supply and declining prices. Analysts predict this will be a tailwind for auto stocks, creating numerous investment opportunities that are too promising to overlook. A second ca
