​Ferrari Shares Skid On Crashing Deliveries In China   – Tyler Durden

Ferrari Shares Skid On Crashing Deliveries In China   Ferrari shares are sliding in premarket trading in New York as third-quarter shipments of its luxury supercars to China plummeted, with the industry-wide downturn finally catching up to the Italian automaker. The broader luxury downturn has shown signs of stress, with industry fashion giants LVMH Moët Hennessy Louis Vuitton and Gucci’s parent company Kering cautioning about a slowdown in China and other top markets in the world.  The Italian luxury sports car maker reported a third-quarter profit that was slightly better than expected versus analysts tracked by Bloomberg. Shipments were a major focus. The Italian…  — Continue at ZeroHedge News : Read More