Ferrari has confirmed that it is shutting down all operations in Italy with immediate effect until at least March 29 because of the worldwide spread of coronavirus. As well as the F1 operation in Maranello, the shut-down also includes facilities at Modena and the production of its range of top-of-the-line road cars. The company said that up to now it had been working to continue production, but that it was proving impossible to maintain its supply line chains to enable operations to keep going. Premium brakes maker Brembo said on Friday it was also temporarily closing its four Italian plants next week. Tyre manufacturer Pirelli has also announced a cut in production at its Settimo Torinese...
Full Story »