Ferrari, Porsche respond to US tariffs

Published 3 days, 22 hours ago

Ferrari on Thursday responded to US President Donald Trump’s 25 per cent tariffs on auto vehicles and parts with price hikes of up to 10 per cent, the glamour sportscar maker said.

Ferraris just became even more expensive for American consumers. (Photo: ANSA)

The Maranello-based company confirmed its financial targets, even if there is a risk of a reduction of 50 basis points on the percentage margins of profitability.

The commercial conditions will remain unchanged for orders of all models imported before April 2, 2025, and for orders of the three Ferrari 296, SF90 and Roma families, it said.

Meanwhile, Porsche on Thursday responded to the tariffs by saying it was halting a development plan for a new testing centre in Puglia amid a “complicated context” for the auto sector.

“The Porsche Group has decided not to continue the development plan of the Nardò Technical Centre, the testing centre in Puglia managed by Porsche Engineering,” said the German sportscar maker.

ANSA

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