Ferrari (RACE) said Thursday it plans to adjust its pricing policy due to expected new US import tariffs on European cars.
The automaker also reaffirmed its financial targets for 2025 but said profitability margins could be hit by a 50 basis point reduction due to the new tariffs.
Prices will remain unchanged for all Ferrari models imported before April 2, while the prices for the Ferrari 296, SF90, and Roma models will stay the same, regardless of when they are imported, the company said.
Other Ferrari models imported after this date may see price increases up to 10% in coordination with dealers, the company said.
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