ROME—Ferrari will invest up to about 500 million euros ($550 million) in its Maranello and Modena plants in central Italy by 2025 to support new technologies and create 250 jobs, the local Emilia-Romagna region said on Tuesday.
The plan will include a new facility for electrification and new propulsion systems with low environmental impact, the region, where Ferrari historic headquarters of Maranello is located, said on its website.
