Mexican Media Brands
Ferrari Plans 15 New Models by 2022
Ferrari NV tells investors it will introduce 15 new models between 2019 and 2022, adding that it expects a “significantly” higher average selling price for them.
#economics
Share
Ferrari NV tells investors it will introduce 15 new models between 2019 and 2022, adding that it expects a “significantly” higher average selling price for them.
The company predicts its earnings before interest, tax, depreciation and amortization will rise to about €1.9 billion ($2.2 billion) by 2022 from €1 billion in 2017 and an expected €1.1 billion this year.
That goal is slightly below the €2 billion target—representing 14% annual growth—set by the late Sergio Marchionne. New CEO Louis Camilleri describes the revised objective as “ambitious but doable.”
Camilleri also tells investors that Ferrari is delaying the debut of its Purosangue hybrid SUV/crossover vehicle until about 2020 to make the vehicle “perfect.” He adds that he was openly skeptical about Ferrari building an SUV but says he has become an “enthusiastic supporter” after seeing the vehicle’s design and special features.
Ferrari intends to offer a hybrid powertrain in 60% of the vehicles it builds by 2022. The company also will add multiple V-6 engines over the next four years.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.