The Age
·general
·1 hour ago
Ferrari's first electric car sparks backlash, stock falls eight percent
Ferrari unveiled its first electric car this week to scathing reviews, with former boss Luca Cordero di Montezemolo suggesting the company remove its prancing horse logo. The $900,000 Luce, designed by Apple's former chief designer Jony Ive, sparked criticism for abandoning Ferrari's aesthetic identity. The backlash sent Ferrari's share price down roughly 8 percent.
Summary by Glance · The Age
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