Exor, Ferrari Family Extend Shareholders Pact Governing Carmaker

Exor NV and members of the Ferrari family have agreed to extend their shareholders’ agreement for Ferrari NV, as the Italian luxury-car maker develops its first fully electric model amid broader sector headwinds.

The arrangement will take effect when the current governance pact expires and run until January 2029, after which it will renew automatically unless it is terminated by the parties, the Agnelli family-held Exor said in a statement late Saturday.