Ferrari has stopped the production of Formula 1 and other race vehicles over the spread of coronavirus.
The company announced the news as part of preventive measures to their employees from contracting the virus.
Speaking on the news was Ferrari Chief Executive Louis Camilleri who said the decision was to bring a peace of mind to the families and employees of the company.
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The news comes barely days after the Formula 1 season was called off due to the virus outbreak.
Other F1 teams including Mercedes are continuing with normal operations as they called on its officials from Melbourne to self-isolate themselves.
Races that have also been called off include the Vietnam, Bahrain and the China Grand Prix back in February.
F1 governing body FIA issued a contradicting information as they looked forward into the start of the next Dutch Grand Prix in May this year.
The final decision will however be under review as they closely follow the spread of COVID-19 across Europe.
Monaco Grand Prix slated for May is also under review by the governing body.