Sustainable mobility has become central for Ferrari - chairm

Sustainable mobility has become central for Ferrari - chairman


Reuters
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Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane
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Sustainable mobility has become central for Ferrari (RACE.MI) as the luxury carmaker, which is searching for a new chief executive, prepares to unveil its first all-electric model in 2025, Chairman John Elkann said on Thursday.
Elkann, the scion of Italy's Agnelli family which controls Ferrari through its investment company Exor (EXOR.MI), set the precise deadline for its first electric vehicle last month.
Elkann is Exor Chief Executive and Chairman and made the remarks on Thursday while speaking to shareholders.
His commitment puts Ferrari ahead of Lamborghini, one of its main rivals, on the road to electrification, as the Volkswagen-owned (VOWG_p.DE) supercar brand is not planning to launch a fully electric model until the second half of the decade. read more

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