Inside the Factory Where Ferrari Will Make Electric Supercars [BNN Bloomberg (Canada)]
STMicroelectronics N.V. (STM)
Last stmicroelectronics n.v. earnings: 4/22 01:00 am
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Source: BNN Bloomberg
The site in Maranello, built over the past couple of years and shielded from public view, will make Ferrari's first EV from late 2025 alongside hybrid models and cars powered by combustion engines. Featuring shiny white robots that assist workers dressed in red overalls, the €200 million ($214 million) facility represents the next chapter for the manufacturer whose production run tends to sell out for years, generating industry-leading margins. “We believe there is no single solution to future automotive powertrains,” Chief Executive Officer Benedetto Vigna told reporters Friday in Maranello. “Our strategy is to continue to invest in all three.” Ferrari is unveiling the plant at a challenging moment for the high-end automotive sector, which is working to lower emissions just as EV demand is cooling. Vigna has pledged to push ahead with electrification while sticking to combustion-engine cars for years to come. It's a delicate balance for the automaker, as younger buyers skew el
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STM
Earnings
- 4/25/24 - Miss
STM
Sec Filings
- 6/24/24 - Form 6-K
- 6/21/24 - Form 6-K
- 6/17/24 - Form 6-K
- STM's page on the SEC website