Ferrari shut down completely following COVID-19 outbreak

Ferrari have completely shut down their factory in Maranello because of the coronavirus pandemic, which is claiming hundreds of lives in Italy a day, with Formula 1 operations being suspended as well for the foreseeable future.

Italy has been hit the hardest by the virus out of all European countries, and the country's government responded by forcing all citizens to stay indoors to limit transmission in public areas.

Modena, home base of Ferrari, is one of the provinces that was initially put into quarantine by the Italian government, as the north of the country was most affected by COVID-19.

The company's CEO Louis Camilleri has now communicated all operations in Maranello will be shut down.

“At a time like this my gratitude goes first and foremost to Ferrari’s women and men who, with their tremendous commitment over the past few days, have demonstrated the passion and dedication that defines our marque," his statement read following the announcement. Employees will still be able to work from home, although in limited capacity.

“Together with our suppliers, they have ensured the company’s production. And it is out of our respect for them, for their peace of mind and those of their families that we have decided on this course of action.

“Our clients and fans are also top of mind for us at this time, as we prepare for a strong restart.”

No Ferrari employees are known to have contracted the virus. Formula 1 has been cancelled until at least the end of May, with the Monaco Grand Prix being the most likely season-opening race as it stands.