FX.co ★ Ferrari Inks Multi-Year Deal With Andretti Formula Racing

Ferrari N.V. (RACE) announced on Tuesday a multi-year partnership with Andretti Formula Racing LLC, effective from 2026. Per the agreement, Ferrari will provide power units and gearboxes to the team, which is spearheaded by TWG Global alongside General Motors. This collaboration, however, hinges on Andretti Formula Racing securing formal approval from the Fédération Internationale de l'Automobile (FIA) to participate in the 2026 FIA Formula One Championship. Currently, on the New York Stock Exchange, Ferrari's shares are trading at $449.47, reflecting a 0.22% increase.