Exor announced the sale of a 4% stake in Ferrari to institutional investors, valued at €3 billion. Click here to find out why I rate EXXRF stock a Buy.

RBC Capital analyst Tom Narayan maintained a Hold rating on Stellantis (STLA – Research Report) today and set a price target of €12.00.Discover

Chariman of Stellantis, chairman of Ferrari and CEO of Exor John Elkann. © 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes ...

Formerly owned by Fiat, the car producer founded by the Agnelli family and now a part of Stellantis NV, Ferrari was spun off almost a decade ago. Its market capitalization on the New York Stock ...

Of course, Tavares is now out. Stellantis is looking for a new CEO, and that new executive will be the one stuck holding the hot potato: deciding to keep plugging cash into Maserati or letting the historic trident fade into the dead brand sunset.

Ferrari accounts for about 50% of Exor's net asset value (NAV). After the share sale, which will be settled on March 3, Exor will remain Ferrari's top investor with a 20% stake and 30% of voting rights. "Our commitment to remain (Ferrari's) largest shareholder for the long term is stronger than ever," Exor CEO John Elkann said in a statement.

The Italian luxury automaker had initially announced the MC20 Folgore in 2020 as part of a broader push towards battery-electric vehicles (BEVs). The model was expected to deliver a powerful 700-horsepower tri-motor setup,

Both Aston Martin and Maserati are reevaluating their plans for future electrification models, as budget and job cuts force the businesses to decide whether there is an appetite for future EVs bearing the recognizable performance badges.

Citi analyst Harald Hendrikse maintained a Hold rating on Dowlais Group PLC (DWL – Research Report) today and set a price target of

Ferrari shares were down 7% in early trading after closing ... Exor is the single largest shareholder in automaker Stellantis and Dutch group Philips. It controls manufacturers Iveco and CNH, as well as Serie A soccer club Juventus. It also has investments ...