FERRARI AND SHELL RENEW THEIR PARTNERSHIP

Rhea-AI Summary

Ferrari (NYSE/EXM: RACE) has announced a multi-year renewal of its partnership with Shell, effective January 1, 2026. The renewed agreement will cover three key areas: Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series. This extension continues the long-standing collaboration between the two global brands.

Positive

• Strategic partnership renewal with major industry player Shell secures long-term collaboration
• Comprehensive agreement covering multiple Ferrari racing divisions indicates strong partnership value

Negative

• None.

News Market Reaction – RACE

+0.82%

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+0.82% News Effect

On the day this news was published, RACE gained 0.82%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Maranello (Italy), 23 October 2024 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” o la “Società”) is pleased to announce the multi-year renewal of its partnership with Shell, signed today. This agreement, which will take effect on 1 January 2026, encompasses Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series.

Attachment

• FNV_PR_Shell_ENG_

FAQ

When does Ferrari's (RACE) renewed partnership with Shell begin?

Ferrari's renewed partnership with Shell will take effect on January 1, 2026.

What areas does Ferrari's (RACE) new Shell partnership cover?

The partnership covers Scuderia Ferrari HP, Ferrari Hypercar, and the Ferrari Challenge Series.

Has Ferrari (RACE) announced the duration of its new Shell partnership?

Ferrari has announced it as a multi-year renewal, but the specific duration was not disclosed in the announcement.