Ferrari commits one million euros to Italian flood recovery

Ferrari will donate one million euros to a recovery fund for the flood disaster in northern Italy.

The Italian company will contribute to the Emilia-Romagna Region's Agency for Territorial Safety and Civil Protection, to help the local population and environmental recovery in the four effected provinces.

"In times of difficulty, Ferrari has always stood by its community," said Ferrari CEO Benedetto Vigna.

"We wanted to provide a concrete and immediate response to the most urgent needs of the population of Emilia-Romagna, which has been tried by a serious environmental disaster.”

“With the coordination of the local authorities, to whom our heartfelt thanks go for their tireless work, this aid will bring comfort and a tangible sign of the solidarity of the entire Ferrari family."