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☆ Andrew Tate can leave Romania but must remain in EU before trial, court rules
▼ + stars: | 2024-07-05 | by ( Benjamin Brown | ) edition.cnn.com time to read: +2 min

CNN —Andrew Tate, a self-proclaimed misogynist influencer, can leave Romania but must remain within the European Union as he awaits trial on charges of human trafficking and rape, a Romanian court ruled Friday. The ruling by a court in the Romanian capital of Bucharest means Tate, his brother Tristan and two further defendants may travel freely within the EU until their trial, according to CNN affiliate and Romanian outlet Antena 3. A spokesperson for the Tate brothers called the ruling a “significant victory and a major step forward” in their ongoing case. In April, a Bucharest court ruled that the case against the brothers on charges of human trafficking and rape could proceed to trial. Romanian prosecutors alleged the Tate brothers seduced victims, by falsely claiming they wanted a relationship or marriage with them.

Persons: Andrew Tate, misogynist influencer, Tristan, Tate, Andrew, ” “, … I’m, SF90, MC20, ” Organizations: CNN, Union, Tate Locations: Romania, Romanian, Bucharest, Italy, Cannes, Paris

☆ The five secrets to Ferrari’s success as a luxury brand
▼ + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com time to read: +10 min

In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."

Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma

☆ Tesla rival BYD launches electric supercar that could take on Ferrari — for $233,000
▼ + stars: | 2024-02-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

A BYD Co. Yangwang U9 electric vehicle in Shenzhen, China, on Tuesday, Jan. 16, 2024. BYD debuted its most expensive car on Sunday, a 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against luxury gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini. Photographer: Qilai Shen/Bloomberg via Getty ImagesChinese automaker BYD this weekend unveiled a new electric supercar that it says can hit speeds similar to high-end models produced by industry giants like Ferrari. The U9 supercar will be part of BYD's luxury brand Yangwang, which was only introduced last year and has launched two other vehicles. According to BYD, the U9 will be able to reach a top speed of 309.19 kilometers per hour, or 192.12 miles per hour.

Persons: BYD, Qilai Shen Organizations: Ferrari, Lamborghini, Bloomberg, Getty Images Locations: Shenzhen, China

☆ Ferrari nudges up year forecasts after Q2 results, investors unimpressed
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +3 min

EBITDA of 2.19-2.22 bln euros this yearForecast on FY EBITDA margin unchanged at 38%FY revenue expected to grow to around 5.8 bln eurosAdj. The Italian company guided for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to grow to between 2.19 billion euros and 2.22 billion euros ($2.40 billion - $2.44 billion) this year, versus a previous forecast of between 2.13 billion and 2.18 billion euros. The expected cash generation was also broadly unchanged, at around 900 million euros versus a previous guidance of up to 900 million euros. Ferrari shares, which are up around 40% this year, erased small daily gains after the results were published. In the second quarter, adjusted EBITDA grew 32% to 589 million euros, in line with analysts' expectations of 580 million euros, according to a Reuters poll.

Persons: Andrew Boyers, Benedetto Vigna, Bernstein, Daniel Roeska, Vigna, Giulio Piovaccari, Gianluca Semeraro, Keith Weir, Sharon Singleton Organizations: Prix, Silverstone Circuit, REUTERS, Ferrari, Daytona, EMEA, Thomson Locations: Silverstone, Britain, MILAN, Italian, personalisations

☆ Ferrari launches two hybrid models in limited series based on SF90 supercar
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

Copyright Ferrari S.p.a./Handout via REUTERS TCompanies Ferrari NV FollowMILAN, June 29 (Reuters) - Luxury sports automaker Ferrari (RACE.MI) on Thursday unveiled two new plug-in hybrid models, produced in limited series and hitting the top end of the its price range. Based on 2019's SF90 Stradale supercar, the Prancing Horse's first ever series hybrid car, the two new road-homologated models are inspired by Ferrari's XX programme. The SF90 XX Stradale will have a starting price of 770,000 euros ($840,378) while the SF90 XX Spider, equipped with retractable top, of 850,000 euros, Ferrari said. Performance is boosted by an 8-cylinder, 4-litre combustion engine coupled with three electric motors capable of a total 1,030 horse power, 30 more than the SF90 Stradale. The lithium-ion batteries of the new SF90 XX Stradale and SF90 XX Spider will allow them for a 25 kilometre range in fully-electric mode.

Persons: Ferrari S.p.a, Ferrari's, Ferrari, Giulio Piovaccari, Frank Jack Daniel Our Organizations: Ferrari, REUTERS, Companies, MILAN, Luxury, Thomson Locations: Europe

☆ The unintended consequences of remote work
▼ + stars: | 2023-03-14 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

While remote work offers flexibility, it often comes at the cost of maintaining a work-life balance. Remote work has also made it possible to hire anyone anywhere, which CEOs and hiring managers are starting to realize. Tech companies are offshoring jobs, due to America's broken immigration system, and remote work is making it easier. American tech companies are offshoring jobs, but it isn't all because of remote work. He says remote work led to all of this in the first place.

☆ A Tesla SUV drag raced 2 $500,000 supercars from Ferrari and Lamborghini — the results were too close to call
▼ + stars: | 2023-03-13 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

A Tesla Model X raced against a Ferrari SF90 Stradale and Lamborghini Aventador SVJ. The Tesla won one race and was extremely close to the Ferrari across the board. The Model X Plaid has 1,020 horsepower but costs less than a quarter of the Italian supercars. Online car-buying marketplace CarWow proved as much in a recent YouTube video pitting the Tesla Model X, Ferrari SF90 Stradale, and Lamborghini Aventador SVJ against each other in a series of quarter-mile drag races. The super-sporty Model X Plaid that CarWow chose for the stunt costs $109,990 in the US.

☆ Ferrari revs up for "even stronger 2023" after beating forecasts in Q4
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

Companies Ferrari NV FollowMILAN, Feb 2 (Reuters) - Ferrari (RACE.MI) said on Thursday it saw "even stronger" results this year after posting a 16% increase in its core earnings in 2022, supported by increased sales volumes of its luxury sports cars. Ferrari said its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) would come in between 2.13-2.18 billion euros in 2023, from an above-guidance result of 1.773 billion last year. By 1145 GMT they were up 1.8%,In the fourth quarter, adjusted EBITDA rose 18% to 469 million euros ($516 million). "These figures provide the base for an even stronger 2023, fuelled by a persistently high demand for our products worldwide," said Benedetto Vigna, Ferrari CEO. Deliveries of Ferrari's new 390,000 euro Purosangue are expected to start in the second quarter of this year.

☆ Ferrari raises its 2022 guidance again on red-hot demand for sports cars
▼ + stars: | 2022-11-02 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

Ferrari on Wednesday again raised its guidance for the full year after shipments, revenue and earnings per share all rose by double-digit percentages during the third quarter. The Italian supercar maker now expects revenue of about 5 billion euros and adjusted earnings per share of about 5 euros for the full year. Here are the key numbers from the third-quarter earnings report:Earnings per share: 1.23 euros vs. 1.18 euros expected by Wall Street analysts polled by Refinitiv. 1.23 euros vs. 1.18 euros expected by Wall Street analysts polled by Refinitiv. Revenue: 1.25 billion euros vs. Wall Street's estimate of 1.16 billion euros per Refinitiv.

☆ Premieră mondială: Noul Ferrari SF90 Spider – prima decapotabilă PHEV a mărcii
▼ + stars: | 2020-11-12 | by ( Sensmedia Srl | Ia Legătura Cu Autorul | ) tv8.md time to read: +1 min

După Ferrari SF90 Stradale, italienii s-au gândit, de ce nu, să scoată la vânzare şi o variantă decapotabilă a primului său automobil plug-in hybrid de serie cu 1.000 de CP. Se numeşte SF90 Spider şi nu este limitat în producţie. Partea superioară dură retractabilă (RHT) a fost adoptată din nou deoarece garantează izolarea fonică optimă și protecția împotriva lucrurilor nedorite când este montată, nu se deformează la viteze mari și oferă spațiu și confort excepțional ocupantului. Află care sunt şi alte diferenţe faţă de modelul coupe, pe AutoBlog.MDPentru a fi la curent cu cele mai importante știri te așteptăm pe Telegram . Pentru reportaje video și emisiuni ne găsești pe Youtube , pentru fotografii și stories vino pe Instagram , iar pe Tik Tok îți oferim o doză de amuzament

Organizations: Ferrari

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