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Hamilton to Ferrari: Shares rally as F1 great joins Italian stallion

Hamilton to Ferrari: Shares rally as F1 great joins Italian stallion
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Ferrari Swerves Questions Over New CEO After Profit Slowdown

BW Businessworld Ferrari Swerves Questions Over New CEO After Profit Slowdown Car shipments fell back below 10,000 units last year as the group recovered from a seven-week production suspension in early 2020 triggered by the coronavirus health crisis. Photo Credit : Ferrari gave no indication on Tuesday of who it was lining up to replace Louis Camilleri as chief executive as analysts said the luxury carmaker appeared to be touching the brakes on its profit outlook. Italy s Cavallino Rampante , or Prancing Horse , forecast that its adjusted core earnings would be between 1.45 billion euros ($1.7 billion) and 1.5 billion euros this year, after falling 10% to 1.14 billion euros in 2020.

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