Ferrari originally planned to resume production on March 27.
The ongoing coronavirus pandemic has forced car manufacturers around the world to suspend production, causing the auto industry to grind to a halt. On March 15, Ferrari announced it was closing its production plants in Maranello and Modena to help reduce the spread of the virus, not long after Lamborghini also announced it will be shutting down its manufacturing facilities during the outbreak.
Initially, Ferrari planned to resume production on March 27, but this seemed optimistic. With Italy still currently in lockdown, Ferrari has extended its plant closures by two weeks. The Italian automaker now plans to resume production on April 14, but supply chain issues preventing the company from building supercars like the Ferrari SF90 Stradale and Ferrari F8 Tributo could extend the delay even further.
When Ferrari made the announcement two weeks ago there were over 21,000 coronavirus cases and over 1,441 deaths reported in Italy. Now, that number has increased to over 80,000 cases and over 8,200 deaths at the time of reporting.
In a statement, the Italian automaker said all activities that can be conducted safely will continue like in recent weeks. The company will also continue to cover all days of absence for staff who are unable to work during the Covid-19 outbreak.
"Given the huge uncertainty and lack of predictability that the Covid-19 has created, the Company is taking all appropriate actions to assure the wellbeing and welfare of its employees and that are deemed to be in the best interest of all stakeholders," Ferrari said in a statement.
"The company anticipates that it will be in a position to provide further financial guidance to the investment community during its first quarter earnings' call on May 4, 2020. It remains confident that in view of its brand equity, strong balance sheet and sound business model it will continue to create value for all stakeholders beyond the near term uncertainties."
To help fight the coronavirus pandemic, Ferrari's owners, the Agnelli family, are donating 10 million euros (around $10.6 million) to the Italian Civil Protection Department to help support the Italian national health service during these tough times.