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Benzinga

Business

Shivani Kumaresan

Ferrari Suspends Production For Russian Market

Ferrari Ferrari NV NYSE

Ferrari NV (NYSE:RACE) has decided to suspend the production of vehicles for the Russian market.
"Given the ongoing situation Ferrari has taken the decision to suspend the production of vehicles for the Russian market until further notice," the company stated.
The company also donated €1 million to support Ukrainians.
Price Action: RACE shares are trading lower by 1.63% at $180.26 on the last check Tuesday.

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