Luxury sports-car maker Ferrari is facing a major shake-up, with reports emerging of a bitter boardroom division that threatens to upend the company's strategy. As the Italian marque struggles to cope with a significant decline in sales in China, its largest market, Ferrari's leadership is under intense pressure to revamp operations and pivot away from its ambitious electric vehicle (EV) plans. The move comes as the company seeks to address deepening financial woes and regain its footing in a rapidly evolving automotive landscape. With Ferrari's iconic status and loyal customer base hanging in the balance, the outcome of this boardroom battle will have far-reaching implications for the company's future.
IT board division as the luxury sports-car maker confronts deepening China sales declines and mounting pressure to streamline operations while pivoting from its EV-focused strategy.
