Now, here’s a big call.

Ferrari plans to resume production on April 14, subject to supply chain continuity.

It was only a couple of weeks ago that it announced it was pulling the plug as the Caronavirus crisis swept through Italy.

Serious supply chain issues, it revealed, meant that it could no longer continue to produce cars at its Maranello and Modena facilities.

That was on March 27.

Since the outbreak of the virus, 86,498 people have contracted the COVID-19 and 9134 people had died at last count.

Currently, 66,414 are infected — 3732 of them in a critical condition.

But says Ferrari, all activities that can be conducted in “smart working” will continue to be performed as has been the case in recent weeks.

The company says it will continue to cover all days of absence to those unable to take advantage of this solution.

“Given the huge uncertainty and lack of predictability that the Covid-19 has created, the Company is taking all appropriate actions to assure the well being and welfare of its employees and that are deemed to be in the best interest of all stakeholders,” a company spokesman said.

“The Company anticipates that it will be in a position to provide further financial guidance to the investment community during its first quarter earnings’ call on May 4, 2020.

“It remains confident that in view of its brand equity, strong balance sheet and sound business model it will continue to create value for all stakeholders beyond the near term uncertainties.”

ferrari
Ferrari set to restart production.

CHECKOUT: Ferrari first, but what about the Minor placings?

CHECKOUT: Shelby secret weapon in Ferrari showdown 

Spread the love
Ferrari restarts production in Italy

Riley

Chris Riley has been a journalist for almost 40 years. He has spent half of his career as a writer, editor and production editor in newspapers, the rest of the time driving and writing about cars both in print and online. His love affair with cars began as a teenager with the purchase of an old VW Beetle, followed by another Beetle and a string of other cars on which he has wasted too much time and money. A self-confessed geek, he’s not afraid to ask the hard questions - at the risk of sounding silly.
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments