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Lifestyle

Ferrari enters luxury fashion, targeting uninitiated youth

Ferrari V12 production cars were suspended over the factory floor Sunday night as the 74-year-old luxury carmaker launched a new era as a lifestyles brand, with a runway show unveiling its first ready-to-wear collection targeting a younger generation that might not be aware of its Formula One racing pedigree and coveted performance street cars.

Business Leaders

Ferrari taps chipmaker exec as CEO

Benedetto Vigna, who is set to join Ferrari as chief executive officer on Sept. 1, currently serves as STMicroelectronics' president of analog, micro-electromechanical systems (MEMS) and sensors group, its most profitable operating business in 2020.

Markets

Tesla claims deadly Texas car crash may have had passenger behind the wheel

Tesla vice president of vehicle engineering Lars Moravy told analysts on the electric vehicle maker's first quarter earnings call that representatives from the company were able to inspect the crash along with local law enforcement and federal investigators from National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB).