ferrari
ferrari
Ferrari in Rome.

Ferrari restarts production in Italy

Riley Riley

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.

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