Chris Bryant, Columnist

Ferrari Trails Behind Porsche in One Crucial Race

Everything appears to be going right for the Prancing Horse, but it still seems in no hurry to build an electric car.

November 5, 2019 at 7:45 AM UTC

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies in Europe. Previously, he was a reporter for the Financial Times.

No need to growl.
Photographer: Delia Baum

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The mood music in the car sector is pretty melancholy right now because of Donald Trump’s trade wars and rising technology costs. But Ferrari NV is dancing to a different tune, thanks to its wealthy customers.

Revenues rose 9% in the third quarter of 2019 and operating profit jumped 12% year-on-year, the Italian manufacturer reported Monday.