welcome
CNBC

CNBC

Technology

Technology

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

CNBC
Summary
Nutrition label

75% Informative

Ferrari posted net profit of 412 million euros ( $466.3 million ) for the first three months of the year , reflecting a 17% increase from the same period last year .

CEO Benedetto Vigna : " Another year is off to a great start" Luxury carmakers are contending with the disruptive impact of Trump 's back-and-forth trade tariff policy.

Several European auto giants reported a sharp downturn in quarterly profit this earnings season .

VR Score

83

Informative language

86

Neutral language

61

Article tone

formal

Language

English

Language complexity

59

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links