Ferrari Shipments Decline With China Slump Taking Toll
- Automaker’s deliveries dropped 2% in the third quarter
- Italian manufacturer confirms its full-year guidance
Ferrari NV’s shipments fell 2% in the third quarter, disappointing investors who were expecting the Italian luxury-car maker to show greater resilience against the industry’s recent weakness.
The drop was due mainly to a 29% deliveries slump in China, where Ferrari has a smaller presence than rivals such as Porsche AG.