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POLARIS RZR FACTORY RACE TEAM SECURES THIRD CONSECUTIVE VICTORY AT THE BAJA 400, CEMENTING OFF-ROAD RACING DOMINANCE
Prnewswire· 2025-09-15 22:10
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]
Ferrari evokes spirit of 1980s with new 849 Testarossa hybrid
Reuters· 2025-09-09 18:20
Ferrari on Tuesday completed a refresh of its hybrid range with the new 849 Testarossa sportscar, a tribute to the famous original Testarossa model of the 1980s. ...
Ferrari chair John Elkann to do a year of community service to settle tax fraud case
Reuters· 2025-09-08 16:32
Stellantis and Ferrari Chairman John Elkann has agreed to do a year of community service and pay a negotiated sum to settle a tax dispute over the inheritance of his grandmother, Italian prosecutors s... ...
X @mert | helius.dev
mert | helius.dev· 2025-08-29 11:04
the reason why jump and solana engineers don't own ferraris, exposed: https://t.co/Vp4PZgqzPn ...
Cadillac to debut at F1
Bloomberg Television· 2025-08-26 19:31
So, you're going to kick it off with Ferrari powertrains. >> You bring your own uh Cadillac powertrains in a few years down the road, but I'm guessing you're going to have to pay almost half a billion dollars um to get in and then what 250 a year. How long until you think you can become champions.It it's going to take a few years, but um you we're very excited about that. We're committed to this process. It is a multi-billion dollar investment in total.you know, we'll have over 600,000 square feet of manufa ...
Is Ferrari Stock a Smarter Investment Than Stellantis Now?
ZACKS· 2025-08-26 13:10
Core Insights - The automotive sector is represented by two contrasting companies: Ferrari, known for high-performance luxury cars, and Stellantis, which focuses on mass-market brands [1][2] Ferrari Overview - Ferrari's financial strength is attributed to its ability to increase profitability per car while maintaining strong demand, with 81% of new cars sold to existing customers in 2024 [3] - The company's pivot to hybrid vehicles has been a key profitability driver, lifting EBITDA margins to 38.3% in Q2 2025, with hybrids making up 58% of shipments [4][9] - Ferrari's brand generates additional revenue streams, with 12% of income coming from sponsorships, licensing, and merchandise, providing stability against market downturns [5] - The Zacks Consensus Estimate projects a 14% year-over-year gain in EPS for Ferrari in 2025, indicating a consistent growth trajectory [14] Stellantis Overview - Stellantis faces significant challenges, particularly in North America and Europe, which account for nearly 70% of total sales, with sales trending lower and margins under pressure [6][8] - The company is revamping its product lineup to improve sales and margins, focusing on models like the Jeep Cherokee and Dodge Charger [7] - Stellantis reported revenues of €74.3 billion in H1 2025, but the adjusted operating income margin fell to 0.7%, down from 10% the previous year, with negative industrial free cash flow of €3 billion [8][9] - Analysts forecast a 54% year-over-year drop in EPS for Stellantis in 2025, with a further 97% decline expected in 2026, highlighting severe operational headwinds [15] Valuation Comparison - Ferrari trades at a premium with a forward P/E ratio of over 41, reflecting its stable, high-margin business model [12] - Stellantis trades at a significant discount with a forward P/E of just 5x, indicating market concerns about its operational challenges [12] Price Performance - Over the past year, Ferrari's stock (RACE) is down 2.6%, demonstrating resilience, while Stellantis (STLA) has seen a significant decline of over 40% [10]
X @Andrew Tate
Andrew Tate· 2025-08-20 12:56
RT Tate Cars (@t8cars)Ferrari 812 Competizione https://t.co/VOB68wXhrH ...
Ferrari's Purosangue SUV Emerges as a Core Growth Driver in Q2
ZACKS· 2025-08-19 14:10
Core Insights - Ferrari N.V.'s Purosangue has established itself as a significant contributor to the company's delivery performance, alongside the 296 GTS and Roma Spider, with total deliveries remaining steady at 3,494 units in Q2 2025 [1][4][11] - The Purosangue is Ferrari's first four-door SUV, launched in September 2022, combining high performance with the practicality of an SUV, and is described as the company's most comfortable and versatile vehicle [2][11] - Ferrari's strategy involves careful management of Purosangue production to maintain exclusivity while enhancing delivery volumes and pricing power, ensuring growth without compromising brand heritage [3][11] Delivery Performance - In Q2 2025, the Purosangue emerged as a key model driving deliveries, reinforcing Ferrari's robust order book and expectations for continued delivery strength in upcoming quarters [4][11] Competitive Landscape - Other luxury automakers, such as Porsche and Aston Martin, are also leveraging SUVs for growth, with Porsche's Cayenne and Macan serving as sales anchors, while Aston Martin's DBX has faced execution challenges despite its potential [5][6]
BROAD ARROW ACHIEVES NUMEROUS WORLD RECORD PRICES AT 2025 MONTEREY JET CENTER AUCTION
Globenewswire· 2025-08-18 20:36
Core Insights - Broad Arrow Auctions achieved a total sales figure of $57.4 million during its 2025 Monterey Jet Center auction, with 80% of all lots sold, marking a significant increase in bidder registration by over 20% compared to 2024 [1][3][4] Auction Highlights - The auction set at least eight new record prices, led by the sale of a 2005 Maserati MC12 Stradale for $5,202,500, surpassing the previous record of $3,800,000 for the model [2][4][7] - Other notable sales included a 2008 Koenigsegg CCXR at $3,222,500, a 1980 BMW M1 Procar at $1,600,000, and a 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" at $1,022,500, all setting new records for their respective models [7][9] Market Trends - The auction results reflect a strong demand for modern collectibles, indicating a generational shift in the collector car market, with a notable interest in Japanese collector cars, including a 1999 Nissan Skyline CRS GT-R V-Spec sold for $692,500 [3][4][9] - The top 10 sales at the auction included iconic models such as a 1967 Ferrari 275 GTB/4 at $2,562,500 and a 1955 Mercedes-Benz 300 SL Gullwing Coupe at $1,902,500, demonstrating robust interest in both modern and classic vehicles [9][10] Future Events - Broad Arrow Auctions plans to expand its auction schedule with three new events in 2025, including the inaugural Zoute Concours Auction in Belgium and the debut Las Vegas Auction, indicating a strategic growth in its global footprint [15][18]
$400M test for the classic car market: Here's what to know
CNBC Television· 2025-08-15 13:02
Did you watch that animation. Wow, Robert, that that's pretty cool animation. Up uh up to $400 million worth of classic cars are going to roll across the auction block in Monterey and Pebble Beach.CNBC's dashing uh wealth reporter. Um did you go in the production of that, Robert Frank. Did you see how cool you look on that.Join us now with some expectations. I I do get to go to some greatlooking places, Joe. And we are here in Mterrey for the biggest gathering of the year. As Andrew mentioned, some of the m ...