While their Formula 1 team's fortunes plummet – as Charles Leclerc and Sebastian Vettel struggle with a well below-par Ferrari SF70 which has done little to lift the spirits of the long-suffering Tifosi. On the positive side – suggesting F1 results don't matter when it comes to sales – the Italian manufacturer is boasting a healthy demand for new cars despite admitting losing more than half the income expected this year due to the global COVID-19 pandemic. Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60% due to the impact of the coronavirus pandemic, but said orders were 'very strong,' sending the luxury carmaker's shares up...
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