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☆ Here are Thursday's biggest analyst calls: Ferrari, Netflix, Tesla, Nvidia, TJX, Carvana & more
▼ + stars: | 2024-05-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS upgrades Burlington to neutral from sell UBS said the outlook for Burlington is improving. Jefferies reiterates Netflix as buy After a change in analyst coverage, the firm says it's standing by its buy rating. UBS upgrades TJX Companies to buy from neutral UBS says the off-price retailer is a "growth stock with surprising upside." UBS downgrades CVS to neutral from buy UBS said it sees too much uncertainty for shares of CVS. JPMorgan upgrades Carvana to overweight from neutral JPMorgan upgraded Carvana following earnings on Wednesday.

Persons: Morgan Stanley, Ferrari, Mizuho, C27E, BURL, Jefferies, Rosenblatt, TD Cowen downgrades Wolfspeed, Cowen, Raymond James, Parsons, Ziff Davis, KBW, Piper Sandler, Cantor Fitzgerald, Tesla, Cantor, it's bullish Organizations: Nvidia, Mizuho, UBS, Netflix, Networks, Enterprise, Jefferies, CTV, TJX Companies, Department Stores, CVS, JPMorgan, Susquehanna, MGM, Bank of America, Community Bank, Piper, NYCB, ~$ Locations: Burlington, Las Vegas

☆ Ferrari's CEO likes to run the luxury car company like a tech startup
▼ + stars: | 2024-04-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Benedetto Vigna has been Ferrari's CEO since 2021, overseeing the company's transition to EVs. His background is in tech, with previous experience as an executive at a semiconductor company. Vigna likes the nimbleness of tech startups and removed layers of bureaucracy at Ferrari, per WSJ. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Benedetto Vigna, Vigna, — Organizations: Ferrari, Service, Street, Business

☆ Ferrari boss promises 'emotion' won't be lost in EV engine roar
▼ + stars: | 2024-03-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari's initial public offering in New York City on Oct. 21, 2015. Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker's new electric vehicle will offer drivers the same roar as its historic combustion engines. The Italian company is launching its first fully electric vehicle in the final quarter of 2025 and will open a new production site in Maranello, Italy, in June to manufacture electric motors, battery packs and power inverters. Speaking to CNBC's "Squawk Box Europe" on Tuesday, Vigna said the company would maintain its focus on performance, design and driving experience in its EV range, insisting that "electric cars are not silent." "When we talk about luxury cars like our cars, we are talking about the emotion that we are able to deliver to our client, so we are not talking about functional cars like other EVs that you see on the road," he said.

Persons: Ferrari, Benedetto Vigna, Vigna Organizations: New York Stock Exchange, Ferrari Locations: New York City, Maranello, Italy

☆ Stocks making the biggest moves premarket: Super Micro Computer, Deckers Outdoor, Macy's and more
▼ + stars: | 2024-03-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — Shares of Super Micro Computer and Deckers Outdoor jumped 12% and 5%, respectively, after S & P Dow Jones Indices said Friday the two companies would be added to the S & P 500 later this month. They will replace Whirlpool and Zion Bancorp, which will move to the S & P MidCap 400 index as of the March 18 open. Macy's — Macy's stock skyrocketed nearly 17% after Arkhouse Management upped its buyout offer for the department store chain to $24 from $21 a share, or about $6.6 billion. Crypto stocks – Companies whose performance is tied to the price of bitcoin rose in premarket trading after the cryptocurrency touched another two-year high . Spirit AeroSystems , Boeing — Shares of the fuselage maker rose nearly 3%.

Persons: Dow, CleanSpark, AeroSystems, Lyft, Morgan Stanley, Li Auto, Piper Sandler, Brian Mullan, — CNBC's Lisa Han, Fred Imbert, Tanaya, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Micro Computer, Dow Jones, Whirlpool, Zion Bancorp, Arkhouse Management, Apple, European Commission, Marathon, Iris Energy, RBC, Boeing —, Boeing, Max, —, Citi, Li Auto, Li, Mobile

☆ Ferrari finishes a record year by topping Wall Street's estimates
▼ + stars: | 2024-02-01 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Luxury sports car manufacturer Ferrari topped Wall Street's top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits. The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, or $317.9 million, during the fourth quarter. Its adjusted earnings before interest and taxes, or EBIT, was 1.62 billion euros, or $1.75 billion, for the year, including 372 million euros, or $402.3 million, in the last quarter. Ferrari's revenue last year increased 17% to 5.97 billion euros, or $6.46 billion, including an 11% increase in the fourth quarter from 1.37 billion euros a year earlier in 2022. Such records are expected to be short-lived, as Ferrari is forecasting to top many of those results in 2024.

Persons: Ferrari, Benedetto Vigna, Lewis Hamilton Organizations: Ferrari, New York Stock Exchange, LSEG

☆ Formula 1 star Lewis Hamilton to leave Mercedes and join Ferrari in shock move: Reports
▼ + stars: | 2024-02-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Lewis Hamilton of Mercedes ahead of the Formula 1 Abu Dhabi Grand Prix at Yas Marina Circuit in Abu Dhabi, United Arab Emirates on November 26, 2023. Seven-time Formula 1 world champion Lewis Hamilton is on the cusp of a surprise move from Mercedes to Ferrari for the 2025 season, according to multiple media reports. Hamilton first signed with Mercedes in 2013 and went on to win six of his seven world titles with the team between 2014 and 2020. If Hamilton were to leave Mercedes for Ferrari, it is reported he would likely replace Ferrari's Carlos Sainz given that his teammate, Charles Leclerc, recently signed a fresh contract extension. The start of the next Formula 1 season gets underway in Bahrain from Feb. 29.

Persons: Lewis Hamilton, Mercedes, Hamilton, it's, Toto Wolff, Ferrari's Carlos Sainz, Charles Leclerc Organizations: Abu, Prix, Yas Marina Circuit, United, United Arab Emirates, Ferrari, Sky Sports, BBC Sport, ESPN, CNBC, Mercedes, Hamilton Locations: Abu Dhabi, United Arab, Bahrain

☆ Cramer's Lightning Round: 'Stay away' from Delta
▼ + stars: | 2024-01-23 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Fluor's year-to-date stock performance. Stock Chart Icon Stock chart icon Illumina's year-to-date stock performance. Stock Chart Icon Stock chart icon Delta's year-to-date stock performance. People should understand airlines are trades...I say stay away." Stock Chart Icon Stock chart icon Ferrari's year-to-date stock performance.

Persons: they've Organizations: Ferrari Locations: Delta

☆ Adam Driver on biopic 'Ferrari': 'the pressure was on to get it right'
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

[1/5] Cast member Adam Driver arrives for the red carpet of the London Premiere of the film 'Ferrari' in London, Britain, December 4, 2023. REUTERS/Hollie Adams Acquire Licensing RightsLONDON, Dec 4 (Reuters) - American actor Adam Driver once again puts on an Italian accent in his latest film, playing carmaker Enzo Ferrari in a new biopic directed by veteran Michael Mann. Driver, who played Italian fashion scion Maurizio Gucci in "House of Gucci", takes on the lead role, with Spanish actress Penelope Cruz playing Ferrari's wife, Laura. "So the pressure ... was on to kind of get it right." The film's cast also includes U.S. actress Shailene Woodley as Lina Lardi, Ferrari's mistress and the mother of his surviving son, Piero, and U.S. actor Patrick Dempsey, who portrays Italian racing driver Piero Taruffi.

Persons: Adam Driver, Hollie Adams, carmaker Enzo Ferrari, Michael Mann, Ferrari, Maurizio Gucci, Gucci, Penelope Cruz, Ferrari's, Laura, Driver, Shailene Woodley, Lina Lardi, Piero, Patrick Dempsey, Piero Taruffi, " Mann, Marie, Louise Gumuchian, Sandra Maler Organizations: London, REUTERS, Italy, Reuters, Venice Film, Thomson Locations: London, Britain, Modena, Italy, Italian, Spanish, Mille, Venice

☆ Room for improvement for Red Bull? Rivals hope not
▼ + stars: | 2023-11-27 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Red Bull will hope to defend their titles in 2024, when there will be a record 24 races, with an even better car. "This car is going to go down in the history books as a very, very special car," Horner said of the RB19. Sergio Perez was eclipsed by his team mate, with plenty of speculation about his Red Bull future earlier in the year, yet still finished overall runner-up. "There is a Mount Everest to climb in order to catch up with Red Bull," Mercedes team boss Toto Wolff told reporters on Sunday. Despite their dominance, Red Bull took 'only' 14 poles from 22 races.

Persons: Horner, Abu, Max Verstappen, Red Bull, It's, Mercedes, Sergio Perez, he'll, Toto Wolff, Lewis Hamilton, Bull, Stefano Domenicali, McLaren, Ferrari's Charles Leclerc, Verstappen, Domenicali, Alan Baldwin, Pritha Sarkar Organizations: Bull, Prix, Red, Sky Sports, Thomson Locations: Abu Dhabi, Singapore, Red

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 18, 2023 Red Bull's Max Verstappen leads Ferrari's Charles Leclerc at the start of the race REUTERS/Mike Blake/ File Photo Acquire Licensing RightsLAS VEGAS, Nov 18 (Reuters) - The much-maligned Las Vegas Grand Prix crossed the finish line in style on Saturday night, delivering a dramatic race on the famed Las Vegas Strip to help offset earlier missteps. "And I think for all those who were so negative about the weekend, saying it was all about show blah blah blah, I think Vegas proved them wrong." "There was no better race to be the first race in Vegas," he said. "The energy around the city is incredible and I'm just really, really happy. Reporting by Rory Carroll in Las Vegas; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Max Verstappen, Ferrari's Charles Leclerc, Mike Blake, Verstappen, Christian Horner, Carlos Sainz's Ferrari, Lewis Hamilton, Hamilton, Charles Leclerc, Rory Carroll, William Mallard Organizations: Las Vegas, Las Vegas Strip, LAS VEGAS, Prix, Bull, Reuters, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, Bellagio, Las Vegas

[1/5] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 18, 2023 Ferrari's Charles Leclerc celebrates after qualifying in pole position REUTERS/Finn Blake Acquire Licensing RightsSummaryCompanies Ferrari first and second in Las Vegas qualifyingLeclerc on pole but penalty drops Sainz 10 placesVerstappen to start on front row for Red BullWilliams in surprise third row sweep, McLaren struggleLAS VEGAS, Nov 18 (Reuters) - Charles Leclerc put Ferrari on pole position for the inaugural Las Vegas Grand Prix on Saturday with Red Bull's triple Formula One world champion Max Verstappen stepping up to join him on the front row. Leclerc was fastest in all three qualifying phases down the floodlit Strip, with its neon backdrop of landmark hotels and casinos, for his third pole in the last four races. The Monaco driver was still disappointed with his laps, and a pole time of one minute 32.726 seconds only half a tenth faster than Sainz. Red Bull's Sergio Perez, who can clinch second place overall in the championship this weekend, will start 11th as Sainz drops to 12th. Qualifying started at midnight on Friday, making Las Vegas the first grand prix since Japan in 2019 where the pole position was decided on the same day as the race.

Persons: Ferrari's Charles Leclerc, Finn Blake, Ferrari, Leclerc, Verstappen, Red Bull Williams, Charles Leclerc, Max Verstappen, Ferrari's Carlos Sainz, Sainz, George Russell, Pierre Gasly, Williams, Alex Albon, Logan Sargeant, Valtteri Bottas, Alfa Romeo, Kevin Magnussen, Haas, Fernando Alonso, Aston Martin, Mercedes, Lewis Hamilton, Red Bull's Sergio Perez, MCLARENS, McLarens, Britain's Lando Norris, Oscar Piastri, Aston, Lance, Zak Brown, Alpine's Esteban Ocon, Frenchman, Ocon, Alan Baldwin, Kirsten Donovan, Hugh Lawson Organizations: Las Vegas, Las Vegas Strip, Sainz, McLaren, LAS VEGAS, Monaco, Mercedes, Alfa, U.S, Aston, Sky Sports, Verstappen, Thomson Locations: Las Vegas , Nevada, U.S, Sin City, Dutch, Japan, London

LAS VEGAS (AP) — Formula One is hoping to turn its luck around on the Strip, like so many other Las Vegas visitors who blow a big bankroll soon after they arrive. F1 ran a 90-minute session until 4 a.m. — when the streets had to be returned to the city for morning commuter traffic. A penalty because he ran over a drainage cover on the Las Vegas Strip, something completely out of his control and extremely dangerous considering it penetrated his seat? Because governing body FIA has no mechanism not to penalize a team that makes extensive car changes during a race weekend, Sainz has, of course, been penalized. Las Vegas is the most expensive race to attend to on the 24-event schedule.

Persons: Carlos Sainz Jr, Ferrari — Sainz, Stefano Domenicali, Renee Wilm, “, ”, let’s, ” It's, Sainz, Ferrari, Charles Leclerc, Max Verstappen, Mercedes, Toto Wolff, Williams, James Vowles, Fred Vasseur, I’m, ” Wolff, ___ Organizations: LAS VEGAS, Liberty Media, Las Vegas, Saturday, Las, FIA, F1, Locals, Liberty, Netflix Locations: Sin City, United States, Vegas, Europe, Las Vegas

Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S. - November 15, 2023 Ferrari's Charles Leclerc talks to the media ahead of the Las Vegas Grand Prix REUTERS/Finn Blake Acquire Licensing RightsLAS VEGAS, Nov 16 (Reuters) - The first practice session of the Las Vegas Grand Prix was cancelled on Thursday just eight minutes in to repair the track after a faulty water valve cover badly damaged Carlos Sainz's Ferrari. Ferrari team principal Frederic Vasseur said two-thirds of the car would need to be changed out and called the situation "unacceptable." "These cars are generating huge amounts of suction underneath now," said Williams Racing team principal James Vowles. Mercedes team principal Toto Wolff lashed out at a reporter who asked how the cancelled practice was not a "black eye" for F1. The brief first test of the course along the transformed Strip marks F1's return to Las Vegas for the first time in nearly 40 years.

Persons: Ferrari's Charles Leclerc, Finn Blake, Carlos Sainz's Ferrari, Frederic Vasseur, Carlos, Vasseur, Esteban Ocon's, Williams, James Vowles, McLaren, Zak Brown, Mercedes, Toto Wolff, Wolff, Haas, Nico Hulkenberg, Kevin Magnussen, Max Verstappen, Logan Sargeant, Rory Carroll, Miral Organizations: Las Vegas, Las Vegas Strip, Las Vegas Grand Prix REUTERS, LAS VEGAS, Prix, Ferrari, FIA, Williams Racing, Thomson Locations: Las Vegas , Nevada, U.S, Baku, Montreal, Las Vegas, Los Angeles

☆ Sainz hit with Las Vegas grid drop after drain damage
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

[1/2] Formula One F1 - Las Vegas Grand Prix - Las Vegas Strip Circuit, Las Vegas, Nevada, U.S - November 16, 2023 Ferrari's Carlos Sainz Jr. walks into the pits REUTERS/Mike Blake Acquire Licensing RightsLAS VEGAS, Nov 17 (Reuters) - Ferrari's Carlos Sainz will have a 10 place grid penalty at the Las Vegas Grand Prix after a loose drain cover wrecked his car and forced the cancellation of Thursday's opening practice. Race stewards turned down the Italian team's request for penalty-free repairs because they said they were obliged to apply the regulations as written. "I think it's tough for a team to arrive in Vegas and to have this kind of incident," he said. First practice lasted only eight minutes before Sainz's Ferrari hit the drain cover in a storm of sparks. "You've got to say that's force majeure, that's nothing of their own doing," he told Sky Sports television.

Persons: Ferrari's Carlos Sainz Jr, Mike Blake, Ferrari's Carlos Sainz, Spaniard Sainz, Ferrari, Fred Vasseur, Sainz's Ferrari, McLaren, Zak Brown sympathised, You've, Alan Baldwin, Toby Davis Organizations: Las Vegas, Las Vegas Strip, LAS VEGAS, Ferrari, Sky Sports, Thomson Locations: Las Vegas , Nevada, U.S, Vegas, London

UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.

Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock

☆ Verstappen wins Brazilian Grand Prix, Perez distances from Hamilton in fight for runner-up place
▼ + stars: | 2023-11-05 | by ( ) www.cnbc.com time to read: +2 min

Three-time champion Max Verstappen led from the start and won the Brazilian Grand Prix on Sunday. Sergio Perez of Red Bull finished in fourth place, distancing himself from Mercedes' Lewis Hamilton in one of the few competitions left this season — a position for runner-up. Perez started the race at Interlagos in the ninth position and fan-favorite Hamilton in fifth after a frustrating qualifying for the Red Bull driver on Friday. Ferrari's Charles Leclerc, who was going to start second, crashed during the formation lap before the start due to an engine issue. In the 18th lap, the Red Bull driver overtook the Mercedes for fifth place, much to the disappointment of Brazilian fans who support the seven-time champion.

Persons: Max Verstappen, Sergio Perez of Red Bull, Mercedes, Lewis Hamilton, Perez, Fernando Alonso, Aston Martin, Spaniard, McLaren's Lando Norris, Alonso, Hamilton, Ferrari's Charles Leclerc, Kevin Magnussen, Haas, Williams, Alex Albon, Verstappen Organizations: Brazilian, Prix, Red Bull, Alonso, Las Locations: South America, Hamilton, Las Vegas, Abu Dhabi, Interlagos, Sao Paulo

☆ Ferrari again raises guidance as customers opt for high-priced, personalized sports cars
▼ + stars: | 2023-11-02 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Ferrari on Thursday said that its third-quarter profit jumped 46% from a year ago as its wealthy customers continued to choose expensive "personalization" options for their new cars. As it did last quarter, Ferrari again boosted its guidance for the full year following the results. Here are the key numbers from Ferrari's third-quarter earnings report:Earnings per share: 1.82 euros vs. 1.60 euros expected by Wall Street analysts polled by LSEG, formerly known as Refinitiv. 1.82 euros vs. 1.60 euros expected by Wall Street analysts polled by LSEG, formerly known as Refinitiv. Revenue: 1.54 billion euros vs. 1.47 billion euros expected, per LSEG.

Persons: Ferrari, Benedetto Vigna, Vigna Organizations: Ferrari, Wall Street, LSEG Locations: Europe, North, South America, China, Asia, Pacific

☆ A year on, Mercedes return to scene of last success
▼ + stars: | 2023-11-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 1 (Reuters) - Once-dominant Mercedes return to Brazil this weekend for a last chance to avoid going a whole year without a Formula One victory. Hamilton has been second on track in the last two races, even if disqualified in Texas, with a car that looks increasingly competitive in race trim. The circuit hosted the first Brazilian Grand Prix 50 years ago and Mercedes have won there for the past two years and six times in the last eight. We need to have a great weekend in Brazil and I feel confident in our ability to get results right now." "It's a sprint race.

Persons: Lewis Hamilton, George Russell, Max Verstappen, Russell, Hamilton, Toto Wolff, Mercedes, Verstappen's, Alain Prost's, Sebastien Vettel's, Sergio Perez, Perez, Red Bull, Verstappen, McLaren, Ferrari, We've, Ferrari's Charles Leclerc, Carlos Sainz, Alan Baldwin, Pritha Sarkar Organizations: Sao Paulo, Sao Paulo Grand Prix, Hamilton, Interlagos, Prix, Thomson Locations: Brazil, Sao Paulo Grand, Interlagos, Texas, Mexico, Dutch, Mexican, Hamilton, London

☆ Team by team analysis of the Mexico City Grand Prix
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +3 min

Oct 30 (Reuters) - Team by team analysis of Sunday's Mexico City Grand Prix, the 19th race of the 22-round Formula One season (teams listed in championship order):RED BULL (Max Verstappen 1, Sergio Perez retired)Verstappen lined up third and made a great getaway to take the lead into the first corner. Perez tried to pass Ferrari's Leclerc at the first corner, collided and retired from his home race. He has been second to Verstappen in Mexico for three years in a row now. Piastri let Norris past for seventh place on lap 56, getting a thank you from his team mate. Sargeant was retired on the last lap to avoid damaging the car's power unit due to a fuel pump issue.

Persons: Max Verstappen, Sergio Perez, Verstappen, Alain Prost, Perez, Ferrari's Leclerc, Lewis Hamilton, George Russell 6, Hamilton, Russell, Norris, Charles Leclerc, Carlos Sainz, Leclerc, Sainz, Aston Martin's Alonso, MCLAREN, Lando Norris, Oscar Piastri, Piastri, AlphaTauri's Tsunoda, ASTON MARTIN, Lance, Fernando Alonso, Alonso, Esteban Ocon, Pierre Gasly, Ocon, Hulkenberg, WILLIAMS, Alex Albon, Logan Sargeant, Albon, Sargeant, Daniel Ricciardo, Yuki Tsunoda, Ricciardo, ALFA ROMEO, Zhou, Valtteri, Alfa, Bottas, HAAS, Nico Hulkenberg, Kevin Magnussen, Magnussen, Haas, Alan Baldwin, Simon Cameron, Moore Organizations: Grand Prix, FERRARI, Ferrari, Bottas, McLaren, Thomson Locations: Mexico, Texas, London

Politicians from across the spectrum have visited the garrison of workers permanently stationed outside the Crevalcore plant, less than 40 kilometres from Ferrari's headquarters. Marelli has put the plan on hold but confirmed it wants to abandon the plant, leaving workers in a limbo. Samira Chouri, 50, has worked at the Crevalcore plant for 18 years. Some 37% of the EU's 800 billion euros ($845 billion) post-pandemic recovery fund is earmarked for climate friendly investment. Climate change think tank ECCO said Italy needed to spend between 7-13 billion euros more per year to meet Europe's decarbonisation goals.

Persons: Marelli, Grazia Vitiello, Samira Chouri, Calsonic, I'm, Sergio Manni, Francesco Simeri, Chouri's, Giovanni Sanfelice, ANFIA, Francesco Zirpoli, Zirpoli, Giorgia Meloni's, Europe's, Vittorio Sarti, Giulio Piovaccari, Vagnoni, Toby Chopra Organizations: U.S, KKR, Volkswagen, BMW, Fiat Chrysler, FCA, Venice University, Center, Automotive, Mobility, Thomson Locations: Italy, Italy's, Emilia Romagna, Marelli, Stellantis, France, Crevalcore, Europe, Rome, Italian

☆ Verstappen takes record 16th win of the season in Mexico
▼ + stars: | 2023-10-29 | by ( Angelica Medina | ) www.reuters.com time to read: +4 min

Only three drivers have won more races in the history of the sport and Verstappen could have passed Sebastian Vettel, next in his sights on 53, by the end of the season. The win was also his 14th in the last 15 races and a fifth in six editions of the grand prix at the Autodromo Hermanos Rodriguez. Second is a priority for dominant Red Bull who have never yet finished a season with their drivers first and second. The race resumed from a standing re-start, with Verstappen accelerating into the distance and Leclerc second on the hard tyres but seven-times world champion Hamilton right behind on mediums. Verstappen had seized the safety car period as an opportunity for a cheap second pitstop and some fresh hards while Leclerc had pitted just before Magnussen's accident.

Persons: Hamilton, Mercedes Leclerc, Perez, Max Verstappen, Sergio Perez, Ferrari's Charles Leclerc, Alain Prost's, Sebastian Vettel, Autodromo Hermanos Rodriguez, Verstappen, Bull, Mercedes's Lewis Hamilton, Leclerc, Kevin Magnussen, Ferrari, Red, Ferrari's Carlos Sainz, McLaren's Lando Norris, Oscar Piastri, AlphaTauri's Daniel Ricciardo, Mercedes George Russell, Russell, Ricciardo, Alex Albon, Williams, Esteban Ocon, Pierre Gasly, Haas's Nico Hulkenberg, HAAS, Magnussen's Haas, Dane, Aston Martin, Lance, Bottas, Fernando Alonso, AlphaTauri's Yuki Tsunoda, Alan Baldwin, Ken Ferris, Clare Fallon, Lincoln Organizations: Mexico City, Prix, Autodromo Hermanos, Red Bulls, Red Bull, Briton, AlphaTauri, Renault, Hamilton, Alfa, Piastri, Thomson Locations: MEXICO, Mexico, French, Hamilton, London

☆ Hamilton says unchecked cars were also illegal in Austin
▼ + stars: | 2023-10-27 | by ( Angelica Medina | ) www.reuters.com time to read: +2 min

MEXICO CITY, Oct 26 (Reuters) - Lewis Hamilton claimed on Thursday that more cars than his Mercedes and Charles Leclerc's Ferrari were illegal at the U.S. Grand Prix in Austin and called for a fairer system of post-race checks. Both teams accepted their punishment and blamed the sprint format, with only one practice session, and particularly bumpy track. Only four of the 15 cars that finished the race were checked for such a breach, however. "I have heard from different sources that there were many cars that had not been tested and were also illegal," Hamilton told reporters ahead of this weekend's race in Mexico City. "It's unlikely two cars (from the same team) are that different, so if one car is illegal, there is a high chance that the other car is," said the Briton.

Persons: Lewis Hamilton, Mercedes, Charles Leclerc's Ferrari, Leclerc, George Russell, Ferrari's Carlos Sainz, Hamilton, Max Verstappen, McLaren's Lando Norris, Alan Baldwin, Christopher Cushing Organizations: MEXICO CITY, U.S, Prix, FIA, Thomson Locations: MEXICO, Austin, Mexico City, Dutch, London

☆ Formula One statistics for the Mexican Grand Prix
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +4 min

[1/3] Formula One F1 - United States Grand Prix - Circuit of the Americas, Austin, Texas, U.S. - October 22, 2023 Red Bull's Sergio Perez in action during the race REUTERS/Brian Snyder/File Photo Acquire Licensing RightsOct 25 (Reuters) - Formula One statistics for Sunday's Mexican Grand Prix at Mexico City's Autodromo Hermanos Rodriguez, round 19 of the 22-race season. CHAMPIONSHIPRed Bull and Verstappen have won both championships already, Verstappen his third and Red Bull their sixth. Red Bull have won 17 of 18 races, with Ferrari's Carlos Sainz winning in Singapore. Red Bull have also had a team record six one-two finishes in 2023. PODIUMSix teams and 11 drivers have made a podium appearance this season: Red Bull, Alpine, Aston Martin, McLaren, Mercedes and Ferrari.

Persons: Sergio Perez, Brian Snyder, Mexico City's Autodromo Hermanos Rodriguez, Max Verstappen, Red, MEXICO Red Bull's Sergio Perez, Lewis Hamilton, Nico Rosberg, Hamilton, Bull, Verstappen, Red Bull, Alain Prost, Ferrari's Carlos Sainz, Singapore . Red Bull, Aston Martin's Fernando Alonso, Ferrari's Charles Leclerc, Sainz, Aston Martin, McLaren, Mercedes, Michael Schumacher, Alonso, Alfa Romeo's, Zhou, Perez, Mercedes's George Russell, McLaren's Oscar Piastri, AlphaTauri's Yuki Tsunoda, Satoru Nakajima, Kamui Kobayashi, McLaren's Lando Norris, Nick Heidfeld's, Alan Baldwin, Ed Osmond Organizations: United, Prix, Mexico City's Autodromo Hermanos, MEXICO Red, Mercedes, Red, WINS Verstappen, Ferrari, Aston, Thomson Locations: United States, Americas, Austin , Texas, U.S, Netherlands, MEXICO, Mexico, Singapore, Singapore . Red, Saudi Arabia, Spain, Azerbaijan, Belgium, Austin, Hamilton, Hungary, Italy, Verstappen, Brazil, Australia, China, London

☆ Norris fears McLaren have missed best chance of a win
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

The 23-year-old Briton has finished runner-up five times this year and six times in a Formula One career that remains without a victory. Australian rookie team mate Oscar Piastri won the sprint at Lusail and was second in the main race. "I think Qatar was our best chance of winning a race. And I missed out on that one," Norris told reporters. "We can look decent, but I think realistically we're not at that level as a general package with these guys.

Persons: McLaren's Lando Norris, Brian Snyder, Lando Norris, Sunday's, Mercedes, Lewis Hamilton, Aston Martin, Norris, Oscar Piastri, Ferrari's Charles Leclerc, Red Bull's, Max Verstappen, Verstappen, ender, Abu, German Nick Heidfeld, Bull, Alan Baldwin, Christian Radnedge Organizations: United, Prix, United States Grand Prix REUTERS, U.S, Sunday, McLaren, Briton, Austin's Circuit, Heidfeld, Thomson Locations: United States, Americas, Austin , Texas, U.S, , Texas, Qatar, Brazil, Austin, Abu Dhabi, Mexico, Las Vegas, German, London

☆ Sargeant ends a 30-year wait for US driver to score in F1
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

Sargeant was classified 10th at Austin's Circuit of the Americas after Mercedes' Hamilton was stripped of second place and Ferrari's Leclerc lost his sixth place when their cars failed post-race checks. The last U.S. driver before the 22-year-old Florida native to score in a grand prix was Michael Andretti with McLaren in 1993. "It’s amazing to score my first point in F1 on home turf after the challenging weekend I’ve had," said Sargeant, who failed to finish the previous race in Qatar after suffering exhaustion in the heat. The team are seventh out of 10 in the constructors' standings, 10 points clear of eighth-placed Alfa Romeo with four races remaining. Australian Daniel Ricciardo, returning from injury at AlphaTauri, is now the only driver on the starting grid yet to score this season.

Persons: Williams, Logan Sargeant, Greenlee Beal, Lewis Hamilton, Charles Leclerc, Sargeant, Mercedes, Hamilton, Ferrari's Leclerc, Michael Andretti, I’ve, we’ve, Alex Albon, Romeo, Daniel Ricciardo, Alan Baldwin, Michael Perry Organizations: United, Prix, REUTERS, Williams, Formula, Austin's Circuit, McLaren, Thomson Locations: United States, Americas, Austin , Texas, U.S, , Texas, Florida, Qatar, AlphaTauri, London

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