On March 14, Ferrari announced it was suspending production in Maranello and Modena, Italy, until March 27 as it was “experiencing the first serious supply chain issues, which no longer allow for continued production”. In a statement dated March 27, the manufacturer said that subject to supply chain continuity it now plans to resume production as of April 14, with all activities that can be conducted in smart working continued to be performed as has been the case in recent weeks. Ferrari said it will continue to cover all days of absence to those unable to take advantage of this solution.

The company said it “remains confident that in view of its brand equity, strong balance sheet and sound business model it will continue to create value for all stakeholders beyond the near-term uncertainties.”