Italian luxury sports carmaker Ferrari raised its 2025 guidance in the face of global 15% tariffs on foreign car imports to the United States as the company unveiled the new powertrain and chassis of its first fully electric production vehicle.

Italian luxury sportscar maker Ferrari has outlined an electrification strategy that calls for 40% full-electric and 40% hybrid models by 2030.

Luxury sports carmaker Ferrari has tapped Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, as its new CEO.