Ferrari reported a 17% rise in first-quarter net profit to $466.3 million, narrowly beating analyst expectations, according to CNBC. The results were driven by strong demand for customized models and a favorable product mix. CEO Benedetto Vigna said all key metrics showed double-digit growth despite limited shipment increases. Ferrari warned that Trump’s 25% tariff on EU car imports could reduce profit margins by 50 basis points in 2025, prompting the company to raise U.S.
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2025