ROME, March 27 (Reuters) - Ferrari plans to
increase the prices of some of its cars sold in the United
States in response to new tariffs, the luxury carmaker said on
Thursday, adding it would stick largely to its financial targets
for this year.
The U.S. on Wednesday announced a 25% tariff on auto imports
shaking the whole sector worldwide, as global vehicle suppliers
warned of immediate price hikes and fears raise of job losses in
countries with a large car industry.
The new levies on cars and light trucks will take effect on
April 3.
Ferrari, which manufactures all its cars at its Maranello
facility, in northern Italy, said it would increase prices, by a
maximum of 10%, on all models imported after April 2, in
coordination with its dealer network.
Terms will be the same for all orders imported before that
date and for all 296, SF90 and Roma models regardless of the
import date, it added.
The group confirmed financial targets for 2025 set last
month adding there could be some impact on its profitability
goals.
"(There is) a potential risk of 50 basis points reduction on
profitability percentage margins (EBIT and EBITDA margins)," it
said in a statement.
In February it said it saw an EBIT margin of at least 29% in
2025 and an EBITDA margin of at least 38.3%.
(Writing by Giulia Segreti and Giulio Piovaccari, editing by
Alvise Armellini and Keith Weir)