Executive Director Ferrari says the car manufacturer is “ready” with countermeasures while European car manufacturers are preparing for tariffs
Workers on the production line in the new E-exhibition Ferrari NV in Maranell, Italy on Friday, June 21, 2024.
Francesca Volpi | Bloomberg | Getty Images
Executive director Ferrari On Thursday, she said that the company is ready for potential US tariffs to European car manufacturers.
“We are ready with some countermeasures,” the CEO Ferrari Benedetto Vigna said on Thursday, said Robert Frank, Converge Live in Singapore on Thursday without providing the specificity of the plan.
“You are waiting for the official number to be published,” he said, calling for the threat of US President Donald Trump of Tariff “In a 25%neighborhood” on global car manufacturers.
“We look at what happens in the next month, the next weeks … We are on the same ship in terms of tariff,” he added.
European car manufacturers were to embed yourself with the uncertainty of trade policy In recent months, with the threat of American imported tariffs, the alarm bells are raised among many manufacturers of original equipment (OEMS).
The tariffs are expected to have a deep impact on the auto industry, given the highly globalized supply chains and a large reliance on production operations across North America, especially in Mexico.
Auto Company Tariffs currently in line with the standards of the US I-Mxico-Canadian Agreement or USMCAs have been Paused earlier this month until April 2.
Analyst said At the end of last year, they expect Ferrari to be an exception among the European car sector. The company, which is considered to be well set up to transfer all price increases, exclusively produces its cars in Italy.
Vigni comments come shortly after the luxury Italian car manufacturer reported A significant rise in 2024. Net profitciting a strong product mix and increasing demand for personal touches with your vehicles.
The company also stays on the way to the landmark of discovering its first electric car later in the year, Vigna said. Starting should be held on October 9 at the Maranello Base in Italy.
The upcoming EV model, which will be produced in Italy, is one of the six new models the company plans to discover this year.
The shares of the shares on the list in Milan were increased by about 0.5%.
