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The latest announcement is out from Ferrari ( (IT:RACE) ).
Ferrari has announced a significant multi-year agreement with Andretti Formula Racing LLC, starting in 2026, to supply power units and gearboxes to the racing team. This partnership is contingent on Andretti’s confirmation and approval to enter the 2026 FIA Formula One Championship. This move potentially strengthens Ferrari’s position in the motorsport industry and could have implications for its competitive stance and stakeholder relations.
More about Ferrari
Ferrari N.V. is a prominent player in the automotive industry, known for its luxurious and high-performance sports cars. The company is also heavily involved in motorsport, particularly Formula 1, where it has a storied history and continues to focus on innovation and excellence in racing performance.
YTD Price Performance: 33.37%
Average Trading Volume: 305,955
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $109.6B
For a thorough assessment of RACE stock, go to TipRanks’ Stock Analysis page.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
