Ferrari Suspends Production For Russian Market

  • Ferrari NV RACE has decided to suspend the production of vehicles for the Russian market.
  • "Given the ongoing situation Ferrari has taken the decision to suspend the production of vehicles for the Russian market until further notice," the company stated.
  • The company also donated €1 million to support Ukrainians.
  • Price Action: RACE shares are trading lower by 1.63% at $180.26 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!