Ferrari NV temporarily suspended most shipments to the Middle East, the Italian supercar manufacturer reported on Thursday. The company's shares, listed in Italy, are trading more than 3.2% lower on Thursday. American shares are also losing more than 2.5% in Pre-Market.
The suspension comes against the backdrop of nearly three weeks of military actions in the region starting to affect luxury goods manufacturers.
"We are closely monitoring the developments in the Middle East and the potential consequences for our business," said Ferrari in a statement to Bloomberg News.
The company is making several deliveries by plane, according to a statement.
Welcome to the group, all new subscribers, from among those readers who prefer not to independently monitor dozens of news sites (or other media) in search of fresh news. Everyone who prefers to have the opportunity to be informed in one news feed about the main global trends in politics, economics, and financial news that strongly influence each other!!! However, those who do not like a large flow of news may choose not to subscribe... the choice is always yours, and each will make the decision strictly independently. 😉
Peace to your home, and enjoy watching!