Business | Horse power

Ferrari is looking less like a carmaker and more like Hermès

But will it thrive in the electric age?

A close-up of the Ferrari logo on the production lineat Ferrari's new "e-building" factory in Maranello, Italy.
Photograph: Maurizio Fiorino/The New York Times/Redux/Eyevine
|Maranello|6 min read

The workaday town of Maranello, near such architectural jewels as Bologna and Modena, shares little of their charm. Nevertheless, its main attraction is a centrepiece of Italian culture. A statue of a prancing horse on a roundabout reminds visitors that this is the home of Ferrari. Italian design, exclusivity and racing heritage have made the company both a champion of the car industry and something altogether different.

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This article appeared in the Business section of the print edition under the headline “Horse power”

From the July 5th 2025 edition

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