Please ensure Javascript is enabled for purposes of website accessibility

Ferrari's Factory Is Operational Despite the Coronavirus

By John Rosevear - Mar 9, 2020 at 8:57AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Ferrari's headquarters is inside Italy's quarantine "red zone".

Ferrari (RACE -0.74%) has announced that its factory and headquarters are operating for the moment, despite being located inside the area of Italy that has been placed under quarantine to prevent the spread of the novel coronavirus.

In a statement, Ferrari said that the measures introduced by the Italian government on March 8 allow for some level of "continued working activity," and that it has taken all of the steps required to try to protect its employees as they continue to work. 

A red building with the Ferrari name, the landmark entrance to Ferrari's factory complex.

The entrance to Ferrari's factory in Maranello, Italy. Ferrari said its factory is operating for now, despite a quarantine. Image source: Ferrari.

Over 7,000 people in Italy have tested positive for COVID-19, most in the country's northern industrial heartland. The government has put a large area of northern Italy, including the cities of Milan and Modena, under strict quarantine measures to try to contain the spread of the virus.

Ferrari builds about 10,000 cars a year at its factory and headquarters in the town of Maranello, near Modena. 

Ferrari said that the situation could change, as it remains in ongoing discussions with the Italian authorities, and emphasized that the health and wellbeing of its employees remains the priority.

Separately, Autocar reported that Ferrari's Formula 1 racing team said that its plans for this weekend's Australian Grand Prix, in Melbourne, are going ahead despite travel restrictions. Team officials said that some team members and equipment are already in Australia, and that its plans will proceed as scheduled unless government officials tell it otherwise. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Ferrari N.V. Stock Quote
Ferrari N.V.
$185.07 (-0.74%) $-1.39

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.