Ferrari Suspends Maranello, Modena Production Amid 'Serious' Supply-Chain Issues
March 16 2020 - 2:52AM
Dow Jones News
By Mauro Orru
Ferrari NV said Saturday that it has suspended production at its
facilities in Maranello and Modena in Italy with immediate effect
until March 27.
The Italian luxury car maker said it is now experiencing its
"first serious supply chain issues, which no longer allow for
continued production" as the coronavirus pandemic continues to
spread.
The announcement comes just days after Ferrari said its
workforce in Maranello and Modena had been reduced to a minimum,
although the company hadn't come across any issues that would
materially affect manufacturing plants.
The company said all activities not related to manufacturing
would continue through smart working.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 16, 2020 02:37 ET (06:37 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ferrari NV (NYSE:RACE)
Historical Stock Chart
From Apr 2023 to Apr 2024
