Can Ferrari Turn Around After Driving Off a Cliff?
Ferrari (NYSE: RACE) is a luxury car company that produces some of the world's most sophisticated and technologically advanced cars on the market. The company is also a prominent figure in Formula 1 racing, makes engines for Maserati, and has even licensed its brand for consumer products such as hats and T-shirts. As a result, Ferrari shut down its operations for much of the first half of the year, which led to significant disruption in production and cash flow.