Ferrari to Unveil Two New Models by Year-End, Tests Biofuels
Ferrari's CEO Benedetto Vigna announced during the recent earnings call that the company plans to introduce two new car models by year’s end. The luxury automaker reported an operating profit of €605 million and a net profit of €463 million, reflecting a 9% growth from the previous year. Additionally, Ferrari has increased its annual revenue forecast to $7.6 billion, attributed to robust customer demand and bespoke options. Vigna mentioned ongoing biofuel tests for their engines and hinted at an upcoming open-top hypercar possibly named Aperta, as well as a unique 12-cylinder variant, following the successful launch of the Luce EV.
Key facts
- Ferrari CEO Benedetto Vigna announced two new models by year-end during earnings call.
- Operating profit: 605 million euros; net profit: 463 million euros (9% increase YoY).
- Full-year guidance raised to $7.6 billion from $7.5 billion.
- Ferrari has begun testing biofuels in its engines.
- Speculated new models: F80 Aperta and 12Cilindri Versione Speciale.
- The 12Cilindri Manuale was released earlier this month.
- Ferrari's Luce EV sold out despite criticism.
- Ferrari is 86 years old.
- Deliveries dipped slightly due to model changeover.
Entities
Institutions
- Ferrari
- Motor1.com
- CNBC
- Robb Report