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Benzinga
Benzinga
Business
Shivani Kumaresan

Ferrari Suspends Production For Russian Market

Ferrari Ferrari NV NYSE
  • Ferrari NV (NYSE:RACE) has decided to suspend the production of vehicles for the Russian market.
  • "Given the ongoing situation Ferrari has taken the decision to suspend the production of vehicles for the Russian market until further notice," the company stated.
  • The company also donated €1 million to support Ukrainians.
  • Price Action: RACE shares are trading lower by 1.63% at $180.26 on the last check Tuesday.
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