Ferrari: rigorous measures, but fluid situation
(CercleFinance.com) - In the midst of the Covid-19 epidemic, Ferrari announced on Friday that it is implementing "even more rigorous" prevention measures aimed at guaranteeing the health of its employees.
The Italian luxury car maker explains that its teams at the Maranello and Modena sites have been reduced "to the minimum" and that a large number of employees are now working remotely, in accordance with the containment decree introduced this week by the Conte government .
At the operational level, Ferrari still mentions continuity in its production and an "extremely fluid" situation, with no material effect - to date - on its industrial projects.
Following these statements, the share attempted a rebound of almost 5% this morning on the Milan Stock Exchange, after having fallen by almost 25% over the past month.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The Italian luxury car maker explains that its teams at the Maranello and Modena sites have been reduced "to the minimum" and that a large number of employees are now working remotely, in accordance with the containment decree introduced this week by the Conte government .
At the operational level, Ferrari still mentions continuity in its production and an "extremely fluid" situation, with no material effect - to date - on its industrial projects.
Following these statements, the share attempted a rebound of almost 5% this morning on the Milan Stock Exchange, after having fallen by almost 25% over the past month.
Copyright (c) 2020 CercleFinance.com. All rights reserved.