Ferrari make huge donation to victims of Italy floods

Ferrari have responded to the devastating floods in the Emilia Romagna region by donating money to an organisation helping the recovery efforts.

The Emilia Romagna Grand Prix was called off on Wednesday morning due to the risks of disrupting the emergency services in the area.

Ferrari confirmed that they have donated one million Euros to Emilia-Romagna Region's Agency for Territorial Safety and Civil Protection.

The team say that the funds will be used to aid the local population affected by the flooding, along with "projects for environmental recovery and the management of hydrogeological instability."

"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."