Core Insights - Ferrari N.V. has announced the renewal of a multi-year partnership with CEVA Logistics, effective January 1, 2026, to support its racing and logistics activities [1] Group 1 - The partnership is between Ferrari S.p.A., a wholly-owned subsidiary of Ferrari N.V., and CEVA Logistics, a leader in third-party logistics [1] - The agreement was signed on September 30, 2025, and will continue to enhance Ferrari's operational capabilities in logistics [1]

Core Insights - Ferrari is recognized for producing high-quality vehicles and has a strong ultraluxury brand image, combining Formula One performance with Italian design [1] - The company is preparing to launch its first fully electric vehicle (EV), the Elettrica, in 2026, while already having a significant portion of its portfolio electrified with hybrids [2][6] - Ferrari's exclusivity and collector-focused production strategy allow it to maintain high pricing, with models like the F80 selling for nearly $4 million and already sold out [4][6] Company Performance - In the first half of 2025, Ferrari's shipments consisted of 55% internal combustion engine (ICE) vehicles and 45% hybrids, indicating a strong electrification strategy [3] - The company has consistently launched 15 models every four years since 2018, showcasing its commitment to innovation and technology [5] - Ferrari's operating margins are significantly higher than those of its competitors, reflecting its strong brand image and pricing power [7]

Core Viewpoint - John Elkann, the chair of Ferrari and Stellantis, is facing a new legal challenge from his mother regarding a handwritten amendment to a will that was previously undisclosed [1] Group 1 - The legal battle involves a handwritten amendment to the will presented by Elkann's mother's lawyers [1] - This situation may impact the governance and strategic direction of both Ferrari and Stellantis [1] - The outcome of this legal dispute could have implications for shareholder confidence and company valuations [1]

Core Insights - Ferrari has demonstrated exceptional performance as an investment, with its stock soaring 773% since its 2015 IPO, significantly outperforming the S&P 500's 229% gain [2] - The company possesses a unique economic moat in the competitive automotive industry, characterized by its brand strength, superior margins, and high customer loyalty [14] Financial Metrics - The operating cash flow (OCF) to sales ratio indicates Ferrari's efficiency in converting sales into cash, with Ferrari more than doubling many competitors in this metric and consistently improving it over the past three years [7][8] - Ferrari's return on invested capital (ROIC) is a key indicator of its ability to generate profits from capital, with the company trading at a price-to-earnings ratio of 46 times, compared to the industry average of approximately 17 times, reflecting its status as an ultra-luxury stock [12][11] Brand and Market Position - Ferrari's brand embodies exclusivity and high performance, supported by its impressive racing heritage and financial success, making it a cornerstone investment in automotive stocks [13][15] - The upcoming launch of the F80, priced at nearly $4 million, exemplifies Ferrari's high and sustainable pricing strategy, further solidifying its market position [14]

Group 1: Company Performance - Ferrari (RACE) has achieved a year-to-date return of approximately 11.4%, outperforming the average return of 5.5% for the Auto-Tires-Trucks sector [4] - The Zacks Consensus Estimate for Ferrari's full-year earnings has increased by 2.5% over the past quarter, indicating improving analyst sentiment [3] - In the Automotive - Original Equipment industry, Ferrari is slightly underperforming with a year-to-date return compared to the industry's average gain of 11.9% [6] Group 2: Industry Context - The Auto-Tires-Trucks group consists of 96 companies and currently ranks 12 within the Zacks Sector Rank [2] - Visteon (VC) is another stock in the Auto-Tires-Trucks sector that has significantly outperformed, with a year-to-date increase of 36% [4] - Visteon's consensus EPS estimate has risen by 13.1% over the past three months, and it holds a Zacks Rank of 1 (Strong Buy) [5]

编译 / 杜 咏 芳 编辑 / 黄 大 路 设计 / 杜 咏 芳 全触控的浪潮席卷而来，但梅赛德斯-奔驰却向用户承认，对不起，我们错了！是时候把物理按钮请回来了。 这一转变正从新款GLC和纯电CLA Shooting Brake开始——它们的方向盘上将重新出现摇杆、滚轮和实实在在的按键。 梅赛德斯-奔驰的软件主管马格努斯·奥斯特伯格（Magnus Östberg）在慕尼黑车展上向《Autocar》坦言："如果你从配备触摸屏和较少实体按钮的CLA （轿车）换到重新配备滚轮和按钮的（新款）GLC，立刻就能感受到区别。" 而且，这不只是一两款新车的试验。目前，梅赛德斯-奔驰已确认将在其现有和即将上市的车型中增加更多物理按钮，而物理按钮也将成为梅赛德斯- 奔驰未来车型的标准配置。 值得注意的是，梅赛德斯-奔驰并非唯一一家选择让物理按钮回归的汽车制造商。宝马、法拉利、大众等多个汽车供应商都决定将物理按钮保留在汽 车上。 正如梅赛德斯-奔驰集团董事长兼首席执行官康林松（Ola Källenius）所言："有时你必须后退两步，才能真正前进一步。" 将物理按钮重新请回驾驶舱的集体"倒车"，倒退的是盲目追随潮流的冲动，进的则是 ...

Group 1 - Analysts at Berenberg Bank indicate that automotive manufacturers may continue to face volatility in the short term, but the sales outlook for the European and American markets in Q3 is relatively positive [1] - Despite ongoing pricing pressures, a strong product launch momentum expected from the second half of 2025 to 2026-2027 should provide support [1] - The current 27.5% tariff on European vehicles in the U.S. is expected to continue squeezing profit margins until it is reduced to 15% [1] Group 2 - Berenberg Bank's preferred stocks include BMW, Ferrari, and Renault, citing BMW's solid fundamentals, potential upward revisions in Ferrari's consensus earnings expectations for 2026-2027, and Renault's attractive valuation [1] - The bank upgraded Stellantis' European stock rating from "Hold" to "Buy," raising the target price from €9 to €9.50 [1]

Analysts are the most bullish they’ve been on Ferrari in almost five years https://t.co/ZONsrMpJRw ...

Core Insights - Polaris RZR Factory Racing achieved a podium sweep at the Baja 400, marking their third consecutive victory at this prestigious event, showcasing their dominance in the Pro UTV Open Class [1][2] - Brock Heger led the team with his third consecutive SCORE UTV overall victory, further solidifying his status as a top driver in the sport [1][4] - The RZR Pro R Factory is recognized for its superior design and performance, establishing itself as the leading machine in desert racing [2][3] Performance Highlights - Brock Heger finished first, followed by teammates Cayden MacCachren in second and Max Eddy Jr. in third, completing a clean sweep for Polaris [1][5] - Heger and MacCachren exchanged leads during the race, with Heger ultimately taking control for the final 200 miles [4] - Max Eddy Jr. started sixth and methodically moved up to secure third place, finishing the race with a time of 9:36:42 [5] Team and Engineering Excellence - The back-to-back podium sweeps highlight the depth of talent within the Polaris RZR Factory Team and the race-proven engineering of the RZR Pro R Factory [2] - Alex Scheuerell, Director of Off-Road Motorsports at Polaris, emphasized the team's commitment to excellence and the engineering prowess behind the RZR Pro R Factory [3][6] - The team is preparing for the upcoming Baja 1000, aiming to defend their title and continue their winning streak [6]

近日，超豪华汽车品牌法拉利宣布重大人事调整：自2025年9月起，杨跃思将出任大中华区总裁，接替 自2020年起执掌该职位的白贝。 此次换帅正值法拉利大中华区销量连续三年下滑、电动化战略调整的关键节点，这场人事变动也引发行 业关注。 据法拉利中国方面介绍，新任总裁杨跃思于2014年加入法拉利，早期负责总部全球人力资源事务及合规 体系建设，2020年起担任澳大利亚及新西兰总裁，期间还曾在美洲地区主导销售与市场营销工作，其任 职背景覆盖法拉利欧洲、美洲、澳新三大核心市场，具备丰富的全球运营经验。 法拉利方面表示，杨跃思的跨区域管理能力将助力品牌在大中华区推进下一步发展，这一任命的背后， 是大中华区持续承压的销量表现。 前任总裁白贝任期内曾创下亮眼成绩——2022年大中华区销量达1552辆，同比增长 72.6%，占全球总销 量（13221 辆）的 11.7%，成为仅次于欧洲、美洲的第三大市场。 然而好景不长，2023年大中华区交付量降至1490辆，同比下滑 4%，成为法拉利全球唯一负增长的主要 市场。 2024年法拉利全球总交付量微增 0.7%至13752辆，而大中华区销量占比进一步降至 8.4%，约1162辆， 同 ...