News

Ferrari plans to counter potential U.S. tariffs

Ferrari CEO announces scenario planning to mitigate potential U.S. tariffs’ impact on European automakers.

Published

11 months ago

March 14, 2025

Ahron Young

Ferrari CEO announces scenario planning to mitigate potential U.S. tariffs’ impact on European automakers.

In Short

Ferrari’s CEO announced they are preparing for potential U.S. tariffs on European automakers while monitoring trade policy impacts. Despite concerns, analysts suggest Ferrari may face less disruption due to its exclusive manufacturing in Italy.

Ferrari’s CEO, Benedetto Vigna, announced plans to prepare for possible U.S. tariffs on European automakers.

During an interview at CONVERGE LIVE in Singapore, Vigna indicated that the company is in a “scenario planning” phase to manage the potential effects, though he did not disclose specific countermeasures. He referred to U.S. President Donald Trump’s threat of tariffs, which could reach 25% for global car manufacturers.

Ferrari is monitoring developments closely, acknowledging the uncertainty that has affected European automakers due to trade policy shifts.

The imposition of tariffs could significantly disrupt the auto industry, primarily due to the industry’s extensive global supply chains and dependence on production in North America, especially Mexico. Earlier this month, tariffs for compliant auto companies were delayed until April 2 under the U.S.-Mexico-Canada Agreement.

Italian power

Analysts have suggested that Ferrari may be less affected than its European counterparts, as the company exclusively manufactures its vehicles in Italy, giving it an advantage in passing on potential price increases.

Vigna’s remarks follow a positive financial report for 2024, driven by a favourable product mix and increased demand for customised vehicles.

Ferrari is also preparing to unveil its first fully electric model in October, one of six new models set to be released this year. Year-to-date, shares of Ferrari listed on the Milan stock exchange have risen by approximately 0.5%.

News

Iran buries nuclear site entrances amid rising tensions with the U.S.

Published

3 hours ago

February 11, 2026

Harvey Vargas

Satellite images reveal that Iran has buried all three tunnel entrances at its Isfahan nuclear complex. Analysts say the move mirrors defensive preparations taken before U.S. airstrikes devastated the facility last year, with no vehicle or personnel activity visible around the entrances.

The burial appears aimed at limiting damage from potential airstrikes and complicating any ground raid targeting enriched uranium stored in the underground facility. Experts suggest equipment or materials may have been moved into the tunnels for protection, though this remains unconfirmed.

The fortification comes amid ongoing U.S.-Iran tensions. President Trump has demanded Iran curb its nuclear program, warning of military action, while Tehran insists halting uranium enrichment is unacceptable. Recent indirect talks in Oman showed little progress toward a new deal.

News

Armed figure seen on CCTV as search intensifies for Savannah Guthries mother

CCTV shows armed figure near Nancy Guthrie’s home as search for the missing 84-year-old mother continues into week two.

Published

10 hours ago

February 11, 2026

Harvey Vargas

CCTV shows an armed figure near Nancy Guthrie’s home as the search for the missing 84-year-old mother continues into week two.

New CCTV footage has been released as police intensify the search for Nancy Guthrie, the mother of US Today show presenter Savannah Guthrie, who vanished in Tucson, Arizona.

The 84-year-old disappeared after returning home on January 31, with authorities now believing she may have been kidnapped during the early hours of February 1.

Investigators say the case has entered a critical phase as public attention grows around the alarming circumstances of her disappearance.

#BreakingNews #USNews #MissingPerson #TrueCrime #SavannahGuthrie #CCTVFootage #CrimeWatch #TickerNews

News

Trump hints at military pressure as U.S. and Iran resume nuclear talks

US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

Published

10 hours ago

February 11, 2026

Harvey Vargas

US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

The United States and Iran have returned to the negotiating table in Oman, marking a fresh attempt to ease escalating nuclear tensions between the two long-time rivals. President Donald Trump described the talks as promising, suggesting momentum toward further discussions.

Iran’s Foreign Minister echoed cautious optimism, calling the meetings a positive first step while acknowledging deep-seated trust issues remain unresolved. At the heart of the talks is a major sticking point — the White House’s insistence that Iran dismantle its nuclear capability entirely.

Iran, however, maintains it has a sovereign right to enrich uranium, setting the stage for difficult negotiations ahead as both sides test whether diplomacy can hold.

#USIran #NuclearTalks #MiddleEastPolitics #Trump #IranNuclear #GlobalDiplomacy #WorldNews #TickerNews