Ferrari’s CEO says the car manufacturer is making ‘scenario planning’ to counteract the potential impact of rates

The executive director of Ferrari Thursday said the company was prepared for possible US tariffs in European car manufacturers.

“We are ready with some countermeasures,” Ferrari CEO, Benedetto Vigna, Robert Frank of CNBC in Converge Live in Singapore on Thursday, said Thursday.

“We are in a stage planning phase to administer the best that happens,” said Vigna, without providing details what these steps could be.

“You wait for the official number to be published,” he said, referring to the threat of rates of the president of the United States, Donald Trump. “In the 25%neighborhood” in global car manufacturers.

“We are seeing what will happen next month, the next few weeks … we are on the same ship in terms of tariffs,” said Vigna.

European car manufacturers have been deal with the uncertainty of commercial policy In recent months, with the threat of American import rates that increase alarms among many original equipment manufacturers (OEM).

Tariffs are expected to have a deep impact on the automotive industry, given the highly globalized supply chains and a great dependence on manufacturing operations in North America, particularly Mexico.

The tariffs for automotive companies that currently meet the standards under the American-Mexico-Canadá, or USMCA agreement, were Paused earlier this month until April 2.

Analysts saying At the end of last year, Ferrari is an exception among the automotive sector of Europe. The company, which is believed to be well located to transmit any price increase, exclusively produces its cars in Italy.

Vigna’s comments occur shortly after the luxurious Italian car manufacturer reported a Significant representation in 2024 net profitsciting a strong combination of products and a growing demand for personal touches to their vehicles.

The company also remains on the way to the historical presentation of its first completely electric car later in the year, Vigna said. The launch is scheduled for October 9 at the Maranello base of the firm in Italy.

The next EV model, which will be manufactured in Italy, is one of the six new models that the company plans to present this year.

The actions of the actions mentioned by Milan have about 0.5% in the year to date.

Clarification: The article has been updated to clarify that Ferrari is planning scenarios to counteract the impact of possible US tariffs.