FERRARI NV
£315,000 Ferrari supercars growl a warning for EVs
Since going public in 2015, the Italian company has expanded both the volume and variety of cars it sells, while preserving exclusivity by raising prices, restricting who can order vehicles and resulting in long waiting lists. Around three-quarters of its cars are purchased by existing clients, while almost half the company’s vehicle sales are hybrids.
Mercedes retreats to gas guzzlers as EVs fail to boost profit
Mercedes-Benz Group AG is adjusting its electric-vehicle goals due to weakening sales, opting for combustion engines longer. CEO Ola Källenius cites slower transformation, pledging to make combustion and hybrid vehicles into the 2030s if demand persists. Disappointing electric model orders and lower margins prompt the shift, reflecting wider industry challenges.
BYD unveils $233,450 EV to rival Ferrari, Lamborghini
BYD became the biggest EV seller globally, overtaking Tesla in the last quarter of 2023. While it is better known for making affordable EVs, the company markets its luxury models under the Yangwang and Fang Cheng Bao brands. With a post-Lunar New Year price war looming in China, the Shenzhen-based giant is betting there remains a market for high-end products which deliver better margins.
Lamborghini says all cars sold out till 2026
The Italian super-car maker posted record sales of more than 10,000 vehicles last year as it introduced the Revuelto, its first plug-in hybrid model, and quickly racked up a two-year backlog of orders. Lamborghini is only slowly introducing electric vehicles with plans on track for its first battery model in 2028, years after competitors such as Ferrari NV.
Ferrari CEO shares what he learnt from Elon Musk's Tesla: 'They were...'
Tesla Inc. and Ferrari NV don’t have much at all in common, and won’t for another few years. But Ferrari Chief Executive Officer Benedetto Vigna complimented the electric vehicle maker led by Elon Musk while drawing clear distinctions between their respective paths forward.
Ferrari backer, Qualcomm invests $24 mn in EV bike maker Ultraviolette
The funds from Lingrotto and from Qualcomm will be deployed towards ramping up the company’s presence in India, subsequent expansion in international markets as well as strengthening the brand’s technological capabilities and prowess.
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EU approves end to combustion engine sales by 2035
Environment ministers struck a deal on the proposal after Italy, home to Ferrari NV and Automobili Lamborghini SpA, gave up demands for a five-year delay in the EU’s plan for automakers to clean up their fleet.
Sony's next big thing in tech is helping Honda take on Tesla
Of all Japan’s carmakers, Honda had thrown itself most aggressively into EVs, targeting a full phase-out of combustion-engine vehicle sales by 2040. From early on, Honda saw potential for collaboration with Sony with its consumer electronics, autonomous driving sensors and software as a way to differentiate new models and add value to the low-margin business of making cars.
Mahindra is said to weigh electric supercar unit funding options
The Indian carmaker’s considerations include a potential overseas listing of the EV supercar business, according to the people, who asked not to be identified because the information is private. A merger with a blank-check company is one scenario being studied for Automobili Pininfarina, the people said.
Apple tilts to tried and tested iPhone playbook for car as talks with automakers stall
As the tech giant plots a foray into the car market, it could adopt a similar strategy -- working with a lesser known contract manufacturer -- after talks with some brand name automakers stalled.
Tesla’s road to the S&P500 was a wild ride, these charts show
Here are six charts that show what a wild ride it has been, and why the volatility may be far from over.
Luxe redefined! Ferrari debuts Portofino M with 600 horsepower V8 turbo engine priced at $244K
The Portofino M is the first open-top Ferrari to get an eight-speed transmission.
Vroom vroom! Maserati's new super sports car MC20 hits Italian streets, electric version expected soon
The MC20 will launch with an internal combustion engine, with a full-electric version expected later.
Why the Fiat 500L feels far from perfect, and more like an overpriced under-performer
The 500L suffers from embarrassing turbo lag, and noncommittal braking.
Want to feel like an F1 driver? Ferrari unveils the 810-horsepower Monza
Ferrari will manufacture fewer than 500 of the 12-cylinder machines, which will reach 100 kph in less than 3 seconds.
This $215,000 Ferrari Portofino is all set to be the brand's next best-seller
Ferrari Portofino is one of the last production cars released under Marchionne’s reign and a delightful example of what’s best about the carmaker.
Sergio Marchionne, CEO who steered Fiat Chrysler, dies aged 66
Marchionne, who described himself as a corporate fixer, was Fiat’s fifth CEO in less than two years when he took over.
Fiat names Jeep chief Mike Manley to replace ailing CEO Marchionne
Analysts estimate that Jeep alone could be worth the entire $35 billion market value of Fiat Chrysler.
Alfa Romeo wants to take on Porsche, Ferrari with a 700-horsepower supercar
The Fiat-owned company will also launch more SUVs and another 'specialty' model - a Giulia-based coupe called the GTV.
Ronaldo's bicycle kick sends Juventus stock to 8-month Low
Juventus stock has lost 18 per cent since the beginning of the year.
Ferrari says it will beat Tesla Roadster to build the first electric supercar
Ferrari will also introduce its first SUV, which will be 'the fastest on the market' by late 2019 or 2020.
Aston Martin to seek £5 billion valuation in potential IPO
Aston Martin share sale later this year would cement the iconic brand’s comeback.
Aston Martin boosts IPO prospects on DB11 lift as Brexit weighs
In a bid to follow a trail blazed by Ferrari, the carmaker could consider an IPO on the LSE.
Ferrari plans “utility vehicle” to double profit by 2022
Under the plan, set to be unveiled next year, Ferrari will also build more hybrid models to improve its vehicles’ efficiency and woo new wealthy buyers.
Ferrari roars back into China as rich snub Xi Jinping's austerity push
Xi hasn’t ended his drive to curb wasteful spending by officials and eliminate graft. Instead, private consumption is filling the void left by extravagant gifts aimed at currying political favor.
Automakers including Honda Motor, Fiat Chrysler recall 12 million US vehicles over Takata air bags
The new recall is focused on passenger-side air bag inflators, while prior recalls were for all frontal inflators.
Ferrari spinoff generates $4 billion windfall for Fiat Chrysler
Fiat Chrysler Automobiles NV’s spinoff of Ferrari will end up raising more than $4 billion for the Italian-American automaker .
Ferrari said to push for $12.4 billion valuation in IPO
Ferrari’s coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as 11 billion euros .
Ferrari said to push for $12.4 billion valuation in IPO
Ferrari's coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as 11 billion euros.
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