MILAN -- Ferrari stated on Saturday it closed its two vegetation till March 27 in a response to the coronavirus outbreak in Italy and an rising scarcity of elements.

Ferrari provides to a string of Italian producers which have closed vegetation or slowed manufacturing charges in response to the virus emergency, threatening to disrupt Europe's struggling automotive trade.

Ferrari stated in a press release it had to date ensured manufacturing continuity, because it already applied all of the well being measures required by the Italian authorities on the two websites, positioned in Maranello, its international headquarters, and in Modena, within the northern Emilia Romagna area.

Nonetheless, it added the corporate was "now experiencing the primary critical provide chain points, which now not enable for continued manufacturing."

Brakes specialist Brembo, which provides Ferrari in addition to different premium and supercar makers, stated on Friday it will briefly shut its 4 Italian vegetation subsequent week.

All non-manufacturing exercise will proceed...