FERRARI AND SHELL RENEW THEIR PARTNERSHIP

Ferrari (NYSE/EXM: RACE) has announced a multi-year renewal of its partnership with Shell, effective January 1, 2026.

(Neutral)

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.

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10/23/2024 - 10:40 AM

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.

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