Ferrari

Ferrari shares plunge in worst day ever as guidance worries analysts

Shares of Ferrari plummeted in European and U.S. trading on Thursday, marking the luxury automaker’s worst day yet in both markets after unveiling updated guidance for earnings that fell well below analyst expectations. Key Takeaways Crucial Quote Ferrari CEO Benedetto Vigna, while discussing the automaker’s long-term guidance, said, “I think people were expecting a higher […]

Tesla unveils cheaper Model Y and Model 3

Tesla on Tuesday unveiled plans to sell cheaper alternatives of its Model Y and Model 3 cars, its first product release in years, as Elon Musk’s automaker created more affordable options for its bestselling vehicles in an apparent move to offset the recent loss of tax incentives to buy electric vehicles. Key Facts Big Number […]

Ferrari has named Michele Comelli as new Australasia president. Image: Supplied

Exclusive: Ferrari taps new boss in Australasia

The Prancing Horse has shuffled its top ranks locally, installing veteran exec Michele Comelli as Australasia’s new president, while Jan Hendrik Voss ships out to take on Ferrari’s crucial China market. Comelli – a Ferrari lifer since 2004 – has held senior roles in Europe, the US and at Maranello, including in marketing and product […]

495kmh Yangwang U9 Xtreme is now the world’s fastest production car

BYD’s all-electric hypercar, the Yangwang U9 Xtreme, is now the world’s fastest production car, having hit 308.4mph at ATP Papenburg’s high-speed oval circuit in Germany with German test driver Marc Basseng at the wheel. The rapid U9 Xtreme unseats the Bugatti Chiron Super Sport 300+, which managed 304.8mph in 2019, the 272.6mph Aspark Owl, and […]

ZANDVOORT, NETHERLANDS - AUGUST 31: Race winner Oscar Piastri of Australia and McLaren celebrates on the podium during the F1 Grand Prix of Netherlands at Circuit Zandvoort on August 31, 2025 in Zandvoort, Netherlands. (Photo by Clive Rose/Getty Images)

Oscar Piastri extends title lead with historic Dutch GP win

Melbourne’s Oscar Piastri has claimed his seventh victory of the 2025 season and his first-ever Grand Slam in Formula 1, capitalising on a late-race retirement from McLaren teammate Lando Norris to tighten his grip on the championship. Key Takeaways Key Background The win brings Piastri’s career total to nine Grand Prix victories, equalling the tally […]