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Automaker Ford estimates its electric vehicle division will lose $4.5 billion this year, $1.5 billion more than it predicted in March.

Fortune said Ford’s revised forecast comes from a sluggish receptiveness by consumers to the new battery-powered vehicles.

So far this year, Ford’s EV division has shed nearly $1.8 billion, Fortune reported.

Ford now also estimates   …  More

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When Paul Clifton was a teenager growing up in Salinas, Calif., he knew which way the wind was blowing by following the scent of chocolate from a nearby factory. He used this as a clue to the day’s surfing conditions — his first passion was out in the waves of the Pacific. As director of winemaking for Hahn Family Wines in the Santa Lucia Highlands, his other passion is now in the vineyard, where his surfing knowledge has proven unexpectedly applicable.

“As a surfer, you are really tuned in with the weather,” says Clifton. Understanding the fog, wind, and sun gave him perspective on   …  More

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Since 2016, Ferrari has been a publicly-traded company that is listed on the New York Stock Exchange under the ticker symbol “RACE”. Here is the update to who owns Ferrari in 2021:

Institutional investors own 59% of the company.
The largest shareholder, with 24% of shares outstanding, is EXOR NV, Asset Management Arm (owners of Fiat Crysler Automobiles.
Piero Ferrari is the second-largest shareholder holding 10% of the shares
T. Rowe Price Group, Inc is the third-largest shareholder owning 4.7%
The general public owns  …  More

Ferrari debuts on Wall Street – On 21 October, 2015 at 9.30 ED, flanked by FCA Chairman John Elkann and a group of Prancing Horse executives, Ferrari Chairman Sergio Marchionne rang the opening bell at the NYSE which traditionally marks the start of trading on the floor of what is considered the world’s leading stock exchange. Ferrari N.V. has chosen RACE as its ticker symbol for the listing.

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You probably know Tony Hawk as the most famous professional skateboarder, but did you know he’s one of the richest athletes in the world? That’s right, Hawk’s career earnings combined with his entrepreneurial success in retirement has built his net worth to be higher than Larry Bird and Charles Barkley‘s combined.

Hawk was a skateboarding prodigy as a child. He signed his first sponsorship deal when he was just 12 years old, and he turned pro when he was 14.

Hawk quickly became the best and most famous skater in the world before he even turned 20. He went on to  …  More

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