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Ferrari Continues Strong Momentum Across All Regions

Ferrari Continues Strong Momentum Across All Regions
albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.

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Ferrari Plans to Be the Last Bastion of ICE Cars, Also EV Ready When Time Comes

If you think about it, these days, Ferraris aren't necessarily the best at anything: there are faster cars, more luxurious cars, and perhaps even more beautiful cars, though that one will always be subjective.

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Ferrari boss excited electrification, first EV coming in 2025

Ferrari’s chief has signalled that the world’s most famous automaker is excited for the world of electric vehicles, saying the company welcomes any regulations in the automotive sector in this area. John Elkann, Ferrari’s chairman and acting CEO, has told reporters that the company sees nothing but opportunities for innovation and new, exciting products in the wake of new environmental regulations for automakers, adding that the company welcomes any opportunity to innovate its sports cars. Speaking with analysts, Elkann is quoted in a Reuters report, saying the company sees the regulation as “welcome”, in reference to increasingly aggressive environmental requirements for European manufacturers, He said:

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Things Just Keep Getting Better For Ferrari

Everyone wants a Prancing Horse. With no vacations to take in 2020, many wealthy individuals instead decided to spend their cash on expensive exotic vehicles. Bentley recently posted record profits through the first half of 2021, and during a recent earnings call, Ferrari announced similar success. Ferrari has shipped 2,685 vehicles so far this year, doubling last year s number and increasing 0.5% compared to 2019. Strong demand helped Ferrari bring in 1.035 billion euros ($1.23 billion) in revenue, more than double 2020 s revenue and 5.2% more than 2019. Earnings before interest, taxes, depreciation, and amortization (EBITDA), the most important financial figure, was 386 million euros ($459 million). This is triple last year s EBITDA and up 23% compared to 2019. Ferrari is hugely successful right now, and we only see this momentum continuing.

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Ferrari Welcomes The Electrification Shift Of The Industry, CEO Says

Ferrari Welcomes The Electrification Shift Of The Industry, CEO Says
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