Ferrari

Ferrari unveiled its latest special edition supercar in over a decade on Thursday. The new model, dubbed the F80, has a $3.9 million starting price tag and is already sold out.

Italian luxury automaker Ferrari is planning to make its first electric vehicle, which will come with a price tag that's more than $500,000, according to a report by Reuters.

The Italian car manufacturer Ferrari has recalled nearly all its vehicles sold since 2005 in the U.S. due to a potential for brake failure.

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.

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.