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Ferrari Looking to Hybrids to Help Boost Demand

And it isn’t alone: many performance brands studying electrification options.

by on Nov.11, 2016

The LaFerrari showed that hybrid power can meet highest levels of performance Ferraristas expect.

While many folks still think of battery power as a way to create fuel-efficient, albeit boring, automobiles, Ferrari is looking at electrification as a way to boost both performance and sales.

Speaking to industry analysts following release of the company’s earnings this week, CEO Sergio Marchionne said Ferrari would like to be selling as many as 10,000 vehicles annually in the near-future. But to do that, it would probably add some sort of hybrid technology to every vehicle in the brand’s line-up by 2019.

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Ferrari has already used a Formula One-derived hybrid system for the flagship LaFerrari. And it’s not alone in looking at its battery options. Porsche has the high-performance Mission E under development, Aston Martin developing a battery-electric version of its Rapide. And there’s also the Tesla Model S with its Ludicrous mode. Even Mercedes-Benz is looking at a variety of battery-based options for its AMG line.

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Ferrari Reveals Aperta, its Fastest-Ever Convertible

Aperta debuts alongside turbo V-8 Lusso.

by on Oct.03, 2016

Ferrari debuted its fastest convertible ever: the LaFerrari Aperta at this year's Paris Motor Show.

Ferrari has a pair of new offerings on display as the first consumer stream into the 2016 Mondial de l’Automobile, including the fastest-ever convertible, a ragtop version of its flagship LaFerrari.

The maker also rolled out a more affordable version of its wagon-like model, dubbed the GTC4Lusso T, a turbo V-8 replacing the original V-12 powerplant.

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The debut of the two models came as a bit of counter-programming at a Paris Motor Show that largely focused on battery-power and other green and futuristic technologies. Mercedes-Benz, for example, introduced the Generation EQ electric vehicle concept and said a production version would anchor a new sub-brand called Mercedes-EQ. (more…)

Agnelli Family Moves Headquarters Out of Italy

Elkann says company needs new location.

by on Sep.06, 2016

Exor Chairman John Elkann, right, is moving the holding company's headquarters out of Italy.

The Agnelli family, one of the leading families in the automotive industry, is moving the holding company that controls the family’s assets, including Fiat Chrysler Automobiles N.V. and the industrial firm CNH as well as Ferrari and The Economist Group, out of Italy.

Exor, which is now headed by John Elkann, the great, great grandson of Fiat’s founder, said the move to Amsterdam will simplify the key operations since Fiat and CNH set up offices in Amsterdam when they re-organized in 2014. Exor’s holdings are valued at $10 billion.

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The Fiat portion of Fiat Chrysler will continue to be based in Turin, Italy, where the company has major factories, design centers and key administrative offices. The Chrysler portion of Fiat Chrysler is based in Auburn Hills, Michigan, a suburb northwest of Detroit. (more…)

Woman Parks Her Car on Top of Ferrari 458

“The dumbest thing I’ve ever seen.”

by on Aug.09, 2016

Ouch: an old Mercedes-Benz 380SL is driven up and over the hood of a Ferrari 458.

Car shows can be great fun for both those who come to show off their hot wheels, as well as those who come to check them out.

But at least two facts left the weekly gathering in Great Falls, Virginia known as Katie’s Cars & Coffee this past weekend feeling a bit less pleased than normal. One is the owner of a new Ferrari 458, the other was driving an older Mercedes-Benz 380SL.

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The unidentified woman drive apparently had some serious challenges with parallel parking, demonstrated by backing her Mercedes roadster right up on top of the hood of the red Ferrari. Worse, she then attempted to pull off the sports car, doing even more damage.

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Ferrari Readying Drop-Top LaFerrari

Set to be fastest convertible ever for Italian maker.

by on Jul.07, 2016

Ferrari will offer both a folding soft top and a carbon fiber hardtop for the LaFerrari Convertible.

Even before its official unveiling, Ferrari says it has already sold out the fastest convertible it has ever come up with – even before it releases the official price tag, in fact. But that’s likely no surprise considering the incredible demand for the original LaFerrari coupe.

We’re expecting to hear more in the coming days, but what we’ve already learned is that the LaFerrari convertible has undergone “significant and extensive modifications” to maintain the hardtop’s rigidity and improve its aerodynamics.

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The cabrio edition will also maintain the original LaFerrari powertrain, a 949 horsepower package using Formula One-derived KERS hybrid technology that will help it launch from 0 to 60 in just 2.4 seconds – on the way to a top speed of 217 mph.

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Marchionne Adds Ferrari CEO to His Resume

26-year veteran Amedeo Felisa retires.

by on May.02, 2016

Sergio Marchionne (l); Amedeo Felisa (cl), and FCA Chairman John Elkann (r) mark Ferrari's IPO.

As if he doesn’t have enough to keep himself busy, Sergio Marchionne is adding another title to his CV. With the unexpected retirement of Amedeo Felisa, Marchionne will now become chief executive officer at Ferrari.

The Canadian-raised executive also serves as chairman of the sports car company – as well as CEP of Fiat Chrysler Automobiles NV, which spun Ferrari off this past year. Marchionne also runs the North American region for FCA and serves as chairman of CNH Industrial, the heavy duty unit that was created by the merger of Fiat Industry and Case New Holland.

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The latest role comes just after Ferrari posted its best earnings ever. But the supercar maker is also has to deal with a variety of challenges, from its aggressive growth target to its ongoing struggles on the Formula One circuit it long dominated.

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New Name, Updated Looks for Ferrari FF

Ferrari GTC4 Lusso takes its bow in Geneva.

by on Mar.01, 2016

From FF to GTC4 Lusso, Ferrari has a new name and more for its wagon-like supercar.

The most unlikely Ferrari is going to stick around – though it’s getting a number of updates, and a new name.

Originally known as the FF, the wagon-like oddity will now be known as the Ferrari GTC4 Lusso, the Italian maker confirmed today during a Geneva Motor Show news conference. The name dates back more than a half-century, recalling the legendary Ferrari 250 GT/L Lusso Berlinetta by Scaglietti, widely considered one of the most beautiful cars the automaker has ever produced.

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That’s not necessarily what you’ll hear about the old FF, though it does earn kudos for the added functionality of its big cargo bay – something that has made the car a daily driver for many owners. It’s also helped Ferrari draw in younger buyers than typically walk into its showrooms.

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Ferrari Stock Trading in Italy Set to Begin on Jan. 4

FCA may take Alfa Romeo back into Formula One.

by on Dec.15, 2015

FCA CEO Sergio Marchionne and former Ferrari CEO Luca di Montezemolo at the debut of the LaFerrari.

Not enough pennies in the piggybank to spring for the new Ferrari F12tdf? Not to worry, you can still own a Ferrari – or at least a piece of the Italian automaker.

Fiat Chrysler Automobiles says it expects to wrap-up the spin-off of its high-profile subsidiary sometime between December 31 and January 3rd, a process that began with the recent IPO of Ferrari shares on the New York Stock Exchange in October.

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To complete the process, Ferrari shares are expected to go on sale on Milan’s Borsa Italiana on January 4th. How Italian investors react remains to be seen, but after a high-flying start on the NYSE, shares of the supercar company have dipped by around 10%.

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Ferrari Stock Surges on First Day

But can it maintain that momentum?

by on Oct.22, 2015

FCA and Ferrari CEO Sergio Marchionne (front right in sweater) launches trading in RACE stock.

With the New York Stock Exchange symbol RACE, one might expect a new stock to take off like, well, a Ferrari Formula One race car – and that’s precisely what happened as the Italian automaker launched its long-awaited IPO.

Ferrari’s first-day surge was all the more impressive considering its stock initially was priced at $52, at the upper end of the anticipated offering. While RACE shares didn’t quite have the explosive power of a Google IPO, they still managed to end Wednesday trading at $55. And that gives the exclusive sports car company a market value of $10.4 billion.

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The strong reception was especially welcome on Wall Street at a time when several other closely-watched IPOs, including Digicel Group Ltd., were either canceled or postponed or delivered weaker-than-expected results.

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Ferrari Set to Launch IPO

“Potentially risky,” but investors could reward a strong upside potential.

by on Oct.20, 2015

Ferrari unveiled the new 488 Spider at the Frankfurt Motor Show last month.

The new Ferrari 488 Spider will launch you from 0 to 60 in barely three seconds. Now, parent Fiat Chrysler is hoping Ferrari itself will burn rubber when it launches trading on the New York Stock Exchange Wednesday.

The trans-Atlantic automaker recently announced plans to sell off a 10% stake in Ferrari at somewhere between $48 and $52 a share, the actually price set to be announced today. That’s a fair bit higher than many analysts had expected when plans for an IPO were first announced last year – and that reflects FCA’s optimism that the Ferrari brand will become one of the rare gotta-have automotive stocks.

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There are plenty of reasons to be optimistic. As many Wall Street traders might tell you, there’s a long waiting line for Ferrari sports cars, something the Italian maker hopes to tap with a modest rise in production. And it is betting it can tap into booming global demand for luxury goods through new licensing agreements that could land the brand’s prancing pony logo on a variety of upscale products.

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