Ferrari CEO Says Carmaker is ‘Ready’ with Counttermeasures as Europe’s Automakers Brace for tariffs

The Chief Executive of Ferrari on thursday said the company was prepared for potential us tarifs on European automakers.

“We are ready with some countermeasures,” Ferrari Ceo Benedetto Vigna Told CNBC’s Robert Frank at Converge Live in Singapore on CHursDay, without providing speechficks on the plan.

“You wait for the official number to be published,” He Said, Referring to Us President Donald Trump’s Threat of Tarifs “in the neighborhood of 25%” On Global Carmakers.

“We are watching what’s going to happy in the next month, next weeks … We are on the same boat in terms of tarifs,” He added.

European automakers have been Grappling with Trade Policy Uncerty In recent months, with the threat of us import tarifs raising alarm bells among many original equipment manufacturers (OEMS).

Tariffs are expected to have a profit impact on the auto industry, give highly globalized supply chains and a heavy reliance on manufacturing operations across america, Particularly Mexico.

Tariffs for Auto Companies that Currently Comply With Standards under the US-Amxico-Canada Agreement, or Usmca, WERE Paused earlier this month until April 2,

Analysts said Late last year that they expect ferrari to be something of an exception among europe’s automotive sector. The company, which is thought to be well placed to pass on any increase in pris, exclusively produces its cars in italy.

Vigna’s comments come shortly after the luxury Italian carmaker reported a Significant upswing in 2024 net profitCiting a Strong Product Mix and Growing Demand for Personal Touches to its.

The company also remains on track for the landmark unveiling of its first full electric car later in the year, vigna said. The launch is scheduled to take place on Oct. 9 at the firm’s maraneello base in Italy.

The upcoming Ev Model, which will be manufactured in italy, is one of six new models the company plans to unveil this year.

Shares of the Milan-Listed Stock Are Up Around 0.5% Year-to-Date.