Ferrari Hands Out Huge Bonuses to 5,000 Employees

Ferrari had a record-breaking financial year, and 5,000 employees are reaping the rewards with a cash bonus of over $14,980 each.

More Than 5,000 Employees Get Paid

Each Ferrari employee received €14,400 ($15,480), equivalent to $14,980 after currency conversion.

Bigger Bonuses Than Last Year

This year's bonus is over €900 ($968) higher than what Ferrari employees received in 2023.

Ferrari’s Profits Surged in 2024

The luxury automaker exceeded expectations, leading to generous payouts for its workforce.

Ferrari CEO Confirms the Bonus

CEO Benedetto Vigna announced the bonus on Tuesday, according to ANSA.

Ferrari’s Net Profit Up 21%

Ferrari’s net profit jumped 21% in 2024, reaching €1.53 billion ($1.65 billion) after an already record-setting 2023.

Future Looks Bright for Ferrari

With such strong financial performance, Ferrari is expected to revise its 2025 goals upward.

Six New Ferrari Models in 2024

Vigna confirmed that six new Ferrari models will launch this year, including the brand’s first fully electric car.

“It’s an Addition, Not a Transition”

Vigna clarified that Ferrari is not replacing its combustion and hybrid models but adding an electric option.

Stock Soars After Hamilton News

Ferrari’s stock benefited greatly from the announcement of Lewis Hamilton as the newest driver for their F1 team, surging over 10% on the New York Stock Exchange and reaching a record high.

Ferrari’s Market Value Skyrockets

Following the Hamilton announcement, Ferrari’s total market value jumped by nearly $7 billion.

Will Hamilton Be Worth the Investment?

The entire motorsports world is eagerly awaiting the first race of the season in March, where Hamilton, behind the wheel of the red Ferrari, is sure to attract significant attention. Will he prove to be worth the investment? We’ll find out soon.