Ferrari Denies Luce EV Purchase Required for Limited Models (RACE)

Ferrari (RACE) denied reports that customers must purchase its new Luce electric vehicle to qualify for future limited-series models. Chief Marketing and Commercial Officer Enrico Galliera stated the luxury carmaker is not imposing such a condition, according to a June 22 report from Milan. Galliera refuted a Bloomberg report from late last week that suggested buying the €550,000 ($630,000) Luce EV, Ferrari's first electric model, could become a prerequisite for accessing exclusive models. He emphasized that applying such pressure would be counterproductive.