Enthusiasts coronavirus crisis: Ferrari owners donate ten million euros

09:10  18 march  2020
09:10  18 march  2020 Source:   formel1.de

Despite Corona: Ferrari wants to reopen the factory on April 14th

 Despite Corona: Ferrari wants to reopen the factory on April 14th Ferrari is currently planning to reopen its factories in Maranello and Modena in April - The health situation in Italy is still critical © Shutterstock Production in Maranello is scheduled for April start up again Although the corona crisis in Italy is far from over, Ferrari has announced that it plans to reopen its production facilities in Maranello and Modena on April 14th. The Formula 1 department is also affected.

John Elkann (Mitte) ist Vorstandsvorsitzender der EXOR-Gruppe © Ferrari John Elkann (center) is CEO of the EXOR group

Great gesture in the midst of the coronavirus crisis in Italy - where the situation in the healthcare system is currently the worst is: The Agnelli industrial family, which is behind the Ferrari team, among other things, donates ten million euros for the Coronavirus help.

"Together with other companies from the EXOR group," Ferrari writes on Twitter, help Ferrari buy medical supplies so that they can be made available to the Italian healthcare system.

"Ferrari, EXOR and the Agnelli family united against the corona virus", says the tweet.

Ferrari had to announce on Sunday morning that the factory of the Formula 1 team and sports car manufacturer in Maranello will cease production with immediate effect. For the time being for two weeks. Only the home office is still working.

Ferrari is part of the EXOR group of companies, which includes the FIAT-Chrysler group, the Economist publishing house, the reinsurance group PartnerRe and the football club Juventus Turin.

EXOR (annual sales: most recently around 140 billion euros) is in turn more than 50 percent owned by the powerful Italian entrepreneurial family Agnelli, headed by John Elkann as CEO.

Ferrari is looking for alternatives - involvement in the IndyCar series? .
© xpb Formula 1 will make a drastic cut in 2021. The budgets are being capped for the first time. The teams are then no longer allowed to spend as much as the budget allows. The original limit was $ 175 million. Due to the Corona crisis and due to falling revenues, the budget cap should drop to 145 million (about 134 million euros). Engine development is excluded. There are other restrictions, such as reduced test bench runs.

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