Luxury cars
Search documents
It’s Okay That Ferrari (RACE) Took A Breather, Says Jim Cramer
Yahoo Finance· 2025-11-07 16:31
Core Insights - Ferrari N.V. reported a third-quarter profit of €382 million, exceeding analyst expectations of €367 million [2] - The company reaffirmed its full-year net guidance of €7.1 billion and highlighted product differentiation through customization as a key factor in its financial performance [2] - Despite a 15% decline in shares following a Capital Markets Day in October, the firm reported an EBITDA of €670 million, surpassing the consensus estimate of €649 million [2] Company Performance - The third-quarter profit of €382 million indicates strong financial health and operational efficiency [2] - The reaffirmation of the €7.1 billion full-year net guidance suggests confidence in future performance [2] - Customization as a strategy for product differentiation has positively impacted financial results [2] Market Reaction - Following the Capital Markets Day, Ferrari's shares experienced a significant drop of 15% [2] - Jim Cramer noted that despite the recent dip, Ferrari has been a strong performer in the market [3]
UK's Aston Martin forecasts fiscal 2025 profit below market consensus
Reuters· 2025-10-06 06:16
Core Viewpoint - Luxury carmaker Aston Martin expects its fiscal year 2025 adjusted operating profit to fall below the lower end of market consensus range due to a challenging macroeconomic environment [1] Financial Performance - The company has indicated that the anticipated adjusted operating profit for fiscal year 2025 will not meet market expectations, reflecting broader economic challenges [1]
Britain pledges $2 billion loan guarantee for Jaguar Land Rover
Yahoo Finance· 2025-09-27 21:02
Group 1 - The UK government will provide a £1.5 billion ($2 billion) loan guarantee to support Jaguar Land Rover's supply chain following a cyberattack that led to a production shutdown lasting nearly a month [1][2] - Jaguar Land Rover, owned by Tata Motors, operates three factories producing approximately 1,000 cars per day, which are crucial for local employment in Birmingham and Liverpool [2] - The loan will be privately financed and guaranteed by UK Export Finance, expected to unlock an additional £1.5 billion of support for the carmaker's supply chain [3] Group 2 - The cyberattack is described as an assault on both a prominent British brand and the UK's automotive sector [2] - The business minister emphasized that the loan guarantee aims to protect skilled jobs and support the supply chain [2]