ferrari nv - RACE

Sammy Hagar's Ferrari supercar will now be auctioned off this fall rather than next week after an inspection revealed it needed a battery replacement.

Ferrari's first-quarter profits were up 27% thanks in part to the new Purosangue SUV, its first four-door model, which is sold out until 2026.

The V12-powered Ferrari Purosangue is sold out for at least two years, according to the company's head of marketing. The $375,000 utility vehicle can go over 190 mph.

The Richard Mille UP-91 Ferrari is the world's thinnest mechanical watch at just 1.75 mm in thickness. The titanium timepiece costs $1.9 million.

Ferrari will add hybrid and all-electric models to its lineup in the coming years, but doesn't plan to entirely eliminate internal combustion engines from its lineup.

Ferrari has stopped taking orders for the F8 Tributo coupe and F8 Spider convertible.

Ferrari's Formula One team will not feature the logos of its sponsor Kaspersky Labs until further notice as the automaker assesses its relationship with the software security firm. Several governments are concerned that the company's products could be hacked by Russian agents.

Ferrari said it has stopped building cars for Russia until further notice and will donate 1 million euros to Ukrainian relief.