Hi Slick Well yes pretty much what you an i had predicted is...

Hi Slick
Well yes pretty much what you an i had predicted is seemingly happening and the market is judging them harshly and without the 12 million dollar grant they would be pretty much on the ropes !!!
As for the the much vaunted Ferrari SUV it will be announced in September but it will only be 20 percent of the total firms production so say 10000 total vehicles last yr 2000 car @ 50 percent take up is possibly 4000 wheels per year so hardly a winner there !!!!
I would not be surprised if a private buyout or VC/ private equity firm will come in and pick up the bones and once again management is silent !!!!

This is all in the context of a loss making business and the world especially the USA going into a rescission high domestic inflation in their key markets and Australia and the inevitable increases in carbon fibre prices and resins not to mention wage increases in Australia as well
Truly an ongoing perfect storm !!!!!