Can Ferrari Turn Around After Driving Off a Cliff?
Ferrari (NYSE: RACE) is a luxury car company that produces some of the world's most sophisticated and technologically advanced cars on the market. The company is also a prominent figure in Formula 1 racing, makes engines for Maserati, and has even licensed its brand for consumer products such as hats and T-shirts.
However, the coronavirus pandemic has been more difficult for Ferrari than most companies because the company's principal operations are located in Northern Italy, which was hit particularly hard by the virus. As a result, Ferrari shut down its operations for much of the first half of the year, which led to significant disruption in production and cash flow.
Source Fool.com
