Ferrari closes production plants

Ferrari has suspended production in Maranello and Modena with immediate effect and until 27 March.

The decision has been taken by the company for its employees’ well-being and follows a number of rigorous preventive measures already implemented.

It says it is now experiencing the first serious supply chain issues, which no longer allow for continued production.

Scuderia Ferrari, in line with manufacturing, has also suspended its operational activities.

Ferrari’s CEO, Louis Camilleri, said: “At a time like this, my gratitude goes first and foremost to Ferrari’s women and men who, with their tremendous commitment over the past few days, have demonstrated the passion and dedication that defines our marque. Together with our suppliers, they have ensured the Company’s production. And it is out of our respect for them, for their peace of mind and those of their families that we have decided on this course of action. Our clients and fans are also top of mind for  us at this time, as we prepare for a strong restart.”

Ducati has also extended the shutdown of its production lines to 25 March.