Ferrari Signs Memorandum of Understanding With Mise, Invitalia and the Emilia-Romagna Region.
22 März 2022 - 11:56AM
Maranello22 March 2022 – Ferrari N.V. (NYSE/EXM: RACE)
(“Ferrari” or the “Company”) today signed a Memorandum of
Understanding (Protocollo di Intesa) with the Italian Ministry of
Economic Development (MISE), Invitalia (the National Agency for
Inward Investment and Economic Development S.p.A.) and the
Emilia-Romagna Region.
According to the Memorandum of Understanding,
the Institutions involved will support Ferrari’s plan, which
involves investments in technology and production, with a strong
focus on innovation as well as a social and environmental
commitment. The plan will significantly benefit the territory of
Maranello and Modena, and will lead to the employment of 250 new
hires.
MISE’s contribution, under the Development
Contract (Contratto di Sviluppo), could reach up to about €106
million, which will be directed towards industrial projects and
research and development activities for new technologies aimed at
reducing environmental impact and increasing digitalisation. The
Emilia-Romagna Region will also provide complementary funding for
investments in research and development, education and
environmental protection, as well as support for possible
logistical and IT network infrastructure, in collaboration with
other local bodies involved.
“Innovation is part of our DNA. We believe in
our territory and are committed to enhancing it through projects
that bring tangible benefits from a social and environmental
perspective, as well as strengthening its competitiveness”, stated
Ferrari CEO Benedetto Vigna, “As we execute against our investment
plan, we are glad to be able to rely on the support and
collaboration of the institutions. We share a common goal with the
parties involved in this agreement: making our territory a hub for
excellence, increasingly attractive to new skillsets required by
the automotive industry.”
Ferrari will present its industrial plan at the
Capital Markets Day, scheduled for 16 June 2022.
- CS_Protocollo_di_intesa_22.03_ENG
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