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A Ferrari logo is being installed on a Ferrari car at Ferrari's new 'e-building' facility where the luxury sportscar maker is testing lines before an expected start of car production in early 2025, in Maranello, Italy, June 21, 2024. Ferrari said on Tuesday its core earnings rose 7% in the third quarter, despite a slight decrease in car shipments, as the luxury sports car maker continued to benefit from a richer product offer and increased demand for personalization. Ferrari said in a statement it was now even more confident of hitting its full-year targets. A richer product offer, including stronger pricing power, brought a 60 million euro positive contribution to the quarterly result, the company said in a statement. Chief Executive Benedetto Vigna added the company enjoyed "exceptional order book visibility well into 2026."
Persons: Ferrari, Benedetto Vigna Locations: Maranello, Italy, Milan
CNBC takes a tour of Ferrari's new e-building
  + stars: | 2024-07-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC takes a tour of Ferrari's new e-buildingCNBC gained exclusive access to Ferrari's HQ in Maranello, Italy, to explore the company's new ventures into electrification. — Charlotte Reed, Vivi Vitalone, Ed Matthews and Itunu Olowookere contributed to this report.
Persons: Charlotte Reed, Vivi Vitalone, Ed Matthews, Itunu Olowookere Organizations: CNBC Locations: Maranello, Italy
The five secrets to Ferrari’s success as a luxury brand
  + stars: | 2024-07-04 | by ( Robert Frank | ) www.cnbc.com   time to read: +10 min
In this article RACE-IT Follow your favorite stocks CREATE FREE ACCOUNTwatch nowIn the world of luxury, Hermès is arguably the gold standard. Analysts predict Hermès could surpass Louis Vuitton in revenue within the next three years as the world's largest luxury brand. There is one luxury company, however, that has raced past Hermès when it comes to growth and brand cache – Ferrari. To better understand what makes Ferrari a luxury brand, CNBC traveled to Ferrari headquarters in Maranello, Italy, to interview the company's CEO, Benedetto Vigna. "A luxury company is a company that is using technology, innovation, storytelling, heritage, everything, with the ultimate goal to feed that emotional side that we all have."
Persons: Birkin, Louis Vuitton, Hermès, Enzo Ferrari, Ford, Ferrari, Bernstein, Luca Solca, Benedetto Vigna, Robert Frank, Vigna, Adam Jeffery, Solca, Ferraris, Martyn Lucy, Bernard Arnault, Crystal Lau, Francesca Volpi Organizations: Ferrari, New York Stock Exchange, General Motors, CNBC, Ferraris, Goodwood Festival, Getty, Spiders, Rolex, Hermès, Bloomberg Locations: Maranello, Italy, Geneva, Chichester , England, it's, California, Roma
Ferrari's all-electric model won't be launched for over a year, but early tests prove it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. "More people have started to drive our electric Ferrari, and they have a good feeling. Little is known about the electric model, since it's not scheduled for launch until the fourth quarter of 2025. "When you're talking about the Ferrari experience, the driving traits in a car, you're talking about having a unique emotion when you're in the car. He said Ferrari will continue offering customers the choice of internal combustion engines and hybrids alongside the electric model.
Persons: Benedetto Vigna, Vigna, Ferrari, it's Organizations: CNBC, Ferrari Locations: Maranello, Italy
A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari's initial public offering in New York City on Oct. 21, 2015. Ferrari CEO Benedetto Vigna promised on Tuesday that the luxury carmaker's new electric vehicle will offer drivers the same roar as its historic combustion engines. The Italian company is launching its first fully electric vehicle in the final quarter of 2025 and will open a new production site in Maranello, Italy, in June to manufacture electric motors, battery packs and power inverters. Speaking to CNBC's "Squawk Box Europe" on Tuesday, Vigna said the company would maintain its focus on performance, design and driving experience in its EV range, insisting that "electric cars are not silent." "When we talk about luxury cars like our cars, we are talking about the emotion that we are able to deliver to our client, so we are not talking about functional cars like other EVs that you see on the road," he said.
Persons: Ferrari, Benedetto Vigna, Vigna Organizations: New York Stock Exchange, Ferrari Locations: New York City, Maranello, Italy
The 2024 campaign will be the longest F1 season in history, featuring 24 race weekends. How to watch the season opener in BahrainThe 2024 season starts with the Bahrain Grand Prix after three days of testing in the Middle Eastern nation last week. Red Bull’s 2023 F1 season was the most dominant of all time. He was eventually cleared of any wrongdoing by the investigation, the team’s parent company, Red Bull GMBH, announced on Wednesday. Albon has bounced back from a disappointing spell at Red Bull in 2020 and is now a highly-sought after driver.
Persons: Max Verstappen, Lewis Hamilton’s, Hamilton, “ It’s, ” Hamilton, Mercedes, Will Buxton, Carlos Sainz, , Hamad I Mohammed, Bull, Red Bull, Mercedes ’, George Russell, Verstappen, Max, hasn’t, he’s, Lawrence Barretto, ” Verstappen, Clive Rose, we’ve, Christian Horner, Horner, “ I’m, ” Horner, Ferrari, Russell, Charles Leclerc, Alex Albon, Williams, Lando Norris, Oscar Piastri, Fernando Alonso, Aston Martin, Kimi Antonelli, Sainz, Carla Carniel, Sergio Pérez, Daniel Ricciardo –, Red Bull’s, , Aston, Haas, Albon, James Vowles, Mark Thompson, McLaren, Piastri, Norris, Dan Istitene, Alonso, Lance, Lawrence, Patrick Mahomes, Travis Kelce –, Pierre Gasly, Esteban Ocon Organizations: CNN, Bahrain, Circuit, Red Bull Racing, Prix, ESPN, Qualifying, Saudi, Mercedes, Ferrari, PETRONAS F1 Team, Scuderia Ferrari, Arrows, Reuters, Constructors, CNN Sport, Red Bull GMBH, Sky Sports, , McLaren, Silver Arrows, Bulls, Sauber, Team, Red Bull, Getty, Aston Martin’s, Kansas City Chiefs Locations: Bahrain, British, Jeddah, Saudi Arabia, Abu Dhabi, Red, Aston Martin, Thai,
MARANELLO, Italy (AP) — Lewis Hamilton's arrival will present “a huge opportunity” for Ferrari next year but signing the seven-time Formula One champion involved some uncomfortable phone calls, team principal Fred Vasseur said Tuesday. Hamilton is joining Ferrari for next season after driving for Mercedes since 2013. He will team up with Charles Leclerc at the Italian team after Carlos Sainz Jr. leaves. One of the most difficult was the one with Toto," Vasseur said. Ferrari struggled for much of the season but was the only other team to take a race victory as Sainz won the Singapore Grand Prix.
Persons: — Lewis Hamilton's, Fred Vasseur, Hamilton, Charles Leclerc, Carlos Sainz Jr, , , Vasseur, Hamilton —, Sainz, Toto Wolff, Toto, “ I’m, Carlos, ” Leclerc, “ We’ve, Lewis, Ferrari, Leclerc, Red Bull, Max Verstappen Organizations: Ferrari, Mercedes, McLaren, Red, Singapore, Prix Locations: MARANELLO, Italy, British, Hamilton
For Mercedes, it is a devastating loss, unable to retain a generational talent and the face of its entire motorsport brand. He has been so successful with Mercedes that it’s almost hard to imagine the 39-year-old Briton racing for any other team. Hamilton holds the all-time record for F1 wins (103), achieving 82 of those with Mercedes and 21 with McLaren. It also reunites him with Ferrari team principal Fred Vasseur, who Hamilton raced for at junior level. Last season, a Mercedes driver failed to win a race across a whole season for the first time since 2011.
Persons: CNN —, Lewis Hamilton, Carlos Sainz, Will Buxton, Hamilton, , ” Hamilton, ” Ferrari, , Red, Bryn Lennon, it’s, Mercedes, McLaren, McLaren –, , Clive Mason, Ferrari, Fernando Alonso, Sebastian Vettel, Red Bull, Max Verstappen, Charles Leclerc, Leclerc, Nico Rosberg, Leonhard Foeger, ” Phil Duncan, Juan Manuel Fangio, Jack Brabham, CNN’s Coy, Tom Brady’s, Tampa Bay Buccaneers “, Hamilton’s, Fred Vasseur, Aston Martin, John Thys, Toto Wolff, “ Lewis, Duncan Organizations: CNN, Mercedes, Ferrari, Arrows, Hamilton, Constructors, Scuderia, Reuters, CNN Sport, NFL, New England Patriots, Tampa Bay Buccaneers, Red, McLaren, Getty Locations: Hamilton, Bull’s, AFP, Austria
Patchy regulation and high energy usage have also prevented the spread of crypto as a means of payment. These include electric carmaker Tesla (TSLA.O), which in 2021 began to accept payment in bitcoin, the biggest crypto coin, before CEO Elon Musk halted it because of environmental concerns. Ferrari shipped more than 1,800 cars to its Americas region, which includes the U.S., in the first half of this year. Galliera did not say how many cars Ferrari expected to sell through crypto. "Prices will not change, no fees, no surcharges if you pay through cryptocurrencies," Galliera said.
Persons: Benedetto Vigna, Flavio Lo Scalzo, Elon Musk, Enrico Galliera, Reuters cryptocurrencies, Ferrari, Galliera, Bitpay, Giulio Piovaccari, Tom Wilson, Louise Heavens Organizations: Ferrari, REUTERS, Reuters, Thomson Locations: Maranello, Italy, cryptocurrency, U.S, Europe, bitcoin, cryptocurrencies, East, Africa, China, Milan, London
2024 Ferrari Roma Spider: The Taming of the Wind
  + stars: | 2023-10-06 | by ( Dan Neil | ) www.wsj.com   time to read: 1 min
TOP GEAR The Ferrari Roma Spider can retract and fold its five-ply fabric top in 13.5 seconds, at vehicle speeds up to 35 mph. The Maranello-based manufacturer developed a selection of high-tech weaves in contrasting colors for the top, including charcoal over a lustrous metallic red. Photo: FerrariSARDINIA HAS BEEN inhabited for thousands of years, and it shows. Every foot of the rugged Mediterranean island has been put to work growing, making or earning something—even the roads. Last month Ferrari lofted its banners over a resort near the southern port of Cagliari and invited journalists to test-drive the new Ferrari Roma Spider, taking advantage of the excellent tarmac, ideal weather and complaisant authorities.
Persons: Ferrari Roma, , Ferrari Organizations: Ferrari, Ferrari Roma Locations: Ferrari SARDINIA, Cagliari
"We are a brand that is not looking for volume," Ferrari CEO Benedetto Vigna told CNBC in an exclusive interview from Pebble Beach. Founder Enzo Ferrari famously said Ferrari would produce "one less car than the market demand." Ferrari Purosangue Source: FerrariVigna said that despite limited supply, the company continues to expand its reach among younger, new clients. Vigna added that buying a Ferrari should never be easy or quick, since it's the ultimate aspirational car. "Getting a Ferrari is an experience that starts from the time you first see a Ferrari," he said.
Persons: Ferrari, Benedetto Vigna, Francesca Volpi, Enzo Ferrari, Ferrari Vigna Organizations: CNBC, Ferrari, Ford, General Motors, Ferrari NV, Bloomberg, Getty Locations: Pebble Beach, Maranello, Italy
Scraps of a rare 1954 Ferrari 500 Mondial Spider Series I were just sold for about $1.9 million. The buyer could end up investing another $2 million just to restore the car, a Ferrari expert said. In "very good condition," the model can be worth up to $4 million to $5.5 million, the expert said. The remnants of a Ferrari 500 Mondial Spider Series I were recently sold at RM Sotheby's auction for about $1.9 million, and it may take another $2 million just to restore the car to its glory racing days, a Ferrari historian told Insider. "A Ferrari 500 Mondial Spider Pinin Farina in restored or at least very good condition is currently in the wide range between $4M and $5.5M," Birner wrote.
Persons: Pinin Farina, Franco Cortese, Cortese, Walter Medlin, Sotheby's, What's, Andreas Birner, Birner, Ferrari's, Ferrari, Organizations: Morning, RM, Pininfarina, Ferrari, Mondial, Mille, Sotheby's, Ferraris, New York Times, The Times Locations: Italian, Italy, Maranello
Ferrari's Vasseur says he talks to Hamilton at every race
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +2 min
Aug 15 (Reuters) - Ferrari team boss Fred Vasseur has spoken about his friendship with Lewis Hamilton as Formula One waits for the seven-times world champion to sign a new contract with Mercedes. Hamilton won Formula Three and GP2 (now Formula Two) championships with Vasseur's ART team in 2005 and 2006 before making a spectacular Formula One debut with McLaren in 2007. Hamilton, 38, was linked to Ferrari in paddock speculation earlier this year but the Briton has been clear he wants to stay at Mercedes. Vasseur said Ferrari's Charles Leclerc and Carlos Sainz could do better, as could the team as a whole in a so-far underwhelming season. "When I was at Renault, for certain changes you had to wait for the executive committee to meet, days and days went by.
Persons: Fred Vasseur, Lewis Hamilton, Vasseur, Italy's, Hamilton, Ferrari's Charles Leclerc, Carlos Sainz, Red Bull, Leclerc, Charles didn't, Carlos, Ferrari, Loic Serra, Frenchman, Alan Baldwin, Pritha Sarkar Organizations: Ferrari, Mercedes, Hamilton, Formula Three, GP2, Vasseur's ART, McLaren, Italy's Gazzetta dello Sport, Briton, Renault, Thomson Locations: Qatar, Austin, Maranello, Bologna, London
Ferrari does not need to buy other supercar makers, CEO says
  + stars: | 2023-06-05 | by ( ) www.reuters.com   time to read: +1 min
Companies Ferrari NV FollowMILAN, June 5 (Reuters) - Ferrari (RACE.MI) has no plans to purchase other sports car makers, the company's Chief Executive Benedetto Vigna said on Monday. "I don't think it makes sense for us to buy other supercar makers," Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by the Italian company. Vigna said Ferrari would finish building a new assembly facility, its so called 'e-building', in its Maranello hometown in June next year. The CEO said that Ferrari would not only be making fully-electric cars on the new assembly-line. Reporting by Giulio Piovaccari, editing by Gavin JonesOur Standards: The Thomson Reuters Trust Principles.
Persons: Benedetto Vigna, Vigna, Ferrari, Giulio Piovaccari, Gavin Jones Organizations: MILAN, Bloomberg, Thomson Locations: Italian
Mekies to leave Ferrari and replace Tost at AlphaTauri
  + stars: | 2023-04-26 | by ( Alan Baldwin | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Tost to step down as AlphaTauri boss at end of seasonMekies to replace him from FerrariFormer FIA executive Bayer also joins teamApril 26 (Reuters) - AlphaTauri's Franz Tost, Formula One's second longest serving team principal, will step down at the end of the 2023 season and be replaced by Ferrari sporting director Laurent Mekies. "With Peter as new CEO and Laurent as Team Principal, we found two very professional people, who will bring the team to the next level. "I am honoured to take on the role of team principal and to return to the Team where I spent a large portion of my early career," he said. Only Red Bull team principal Christian Horner has been in his job for longer than the Austrian who first came into Formula One in 2000 as track operations manager with Williams's then-partners BMW. Mekies' departure continues something of an exodus from Ferrari after the Italian team changed principals, with Fred Vasseur replacing Mattia Binotto in January.
Long April break gives F1 time to take stock
  + stars: | 2023-04-03 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
LONDON, April 3 (Reuters) - Formula One teams will welcome more than their drivers the breathing space provided by a long April break in a record 23-race season. "I don't want to have that break, because you know which race was missing from that break," said Alfa Romeo's Guanyu Zhou, the sport's only Chinese driver. "You will use it (the break) just to prepare for the next race in a better way and review the first three races. "For the race team, there's an opportunity to have a little bit of rest because the rest of the season will be tough." The break provides more time also for teams to work on upgrades and add spares after a bruising weekend for some in Australia.
F1 team bosses have their own light-bulb moment
  + stars: | 2023-02-26 | by ( Alan Baldwin | ) www.reuters.com   time to read: +4 min
LONDON, Feb 26 (Reuters) - The late McLaren boss Teddy Mayer liked to compare Formula One drivers to interchangeable light-bulbs, declaring "you plug them in and they do the job", and nowadays the same might be said for team principals. The Frenchman is on his third different team, after stints at Sauber and Renault. "It shows also that the role of the team principal is maybe sometimes also a bit over-rated because if you can change it so quickly and there is no big impact, it tells also something. Sauber, with Swedish billionaire Finn Rausing as chairman of the board, will become the Audi works team from 2026. "But other than that we must not forget that F1 teams have developed into big organisations where the owners are not any more the team principals... some have engineers as team principals, some have more an old-fashioned rule."
Jan 27 (Reuters) - Ferrari have everything they need to succeed and will be chasing the title this season with Charles Leclerc and Carlos Sainz starting on equal terms, according to new team boss Fred Vasseur. Vasseur, who joined from Swiss-based Alfa Romeo on Jan. 9 as Ferrari's fifth boss in less than a decade, told reporters via Zoom in his first media call since taking over that the target was obvious. "I think when you are a top team, you can't have another target than the win," he said. It would be a lack of ambition and I think we have everything to do a good job and the target has to be to win for sure." "The target is to win for Ferrari.
Vasseur starts a new era for Ferrari with big targets
  + stars: | 2023-01-09 | by ( Alan Baldwin | ) www.reuters.com   time to read: +2 min
Schumacher won an unprecedented five crowns in a row from 2000-04 under Todt's leadership while Ferrari won seven constructors' championships between 1999 and the end of 2007, when Kimi Raikkonen took their last drivers' title. Vasseur, 54, is an old hand and on his third F1 team after joining Renault in 2016. The team have still not won a title since 2008 and have been making some glaring mistakes with their fans increasingly frustrated. Vasseur, who joins from Swiss-based Sauber where he ran the Ferrari-powered Alfa Romeo team, has more than nationality in common with Todt. Nicolas Todt manages Ferrari driver Charles Leclerc, last year's runner-up who also raced for Vasseur at Sauber in his debut season.
The logo of Ferrari is seen in the headquarters as CEO Benedetto Vigna unveils the company's new long term strategy, in Maranello, Italy, June 15, 2022. They cover almost 70,000 workers in Italy, two thirds of them at the former Fiat-Chrysler, which last year merged with France's PSA to create Stellantis, whose brands also include Peugeot and Jeep. Spokespeople for Stellantis and Iveco said they would not make any comment until unions have filed a formal request, in coming days or weeks. The Agnelli family's holding company Exor (EXOR.AS) is a major shareholder in carmakers Stellantis and Ferrari, truckmaker Iveco and agricultural and construction machine maker CNH Industrial. This is separate from a national contract for workers in other parts of the metal and mechanical sector.
Ferrari’s SUV clears road to bold sales target
  + stars: | 2022-09-14 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Guglielmo Mangiapane/File PhotoMILAN, Sept 14 (Reuters Breakingviews) - Ferrari’s (RACE.MI) long-awaited Purosangue SUV will propel the Italian sports carmaker towards its bold revenue target read more . Rival Lamborghini’s Urus SUV is already on sale. That implies car sales of perhaps 5.4 billion euros, after excluding sponsorship and other revenue. That’s 1.2 billion euros of revenue. He could make 5.5 billion euros in car revenue before even hiking price tags.
Sursa foto: Getty ImagesCristiano Ronaldo, o nouă achiziție extravagantă. Modelul exclusivist pentru care a plătit 1.6 milioane de euroCristiano Ronaldo traversează o perioadă mai puțin fastă din punct de vedere profesional, însă și-a găsit timp pentru o vizită la fabrica Ferrari. Ferrari Monza SP2 este un model inspirat din navele din anii '50, care atinge o viteză de 100 km/h în doar două 2.6 secunde. În ceea ce privește costul de achiziție, pentru Ferrari Monza Sp2 Cristiano Ronaldo trebuie să achite aproximativ 1.6 milioane de euro. Cu Juventus, Cristiano Ronaldo luptă în acest final de sezon pentru ocuparea unui loc de Champions League.
Persons: Cristiano Ronaldo, Ronaldo, Ferrari Monza, Bugatti, Chiron, McClaren Senna, Andrea Pirlo Organizations: Ferrari, Juventus, Mercedes, Champions League, A, AC Milan Locations: Ferrari Monza, portughez, Napoli
(foto) Povestea moldoveanului, stabilit în Italia, care vrea să deschidă primul laborator de creare a blaturilor de pizza din MoldovaTomm Blanaru este autorul blogului Tomm Reviews . De data aceasta însă Tomm a decis să treacă de granițele Chișinăului, mai mult chiar, de granițele întregii Moldova și a ajuns în Italia, în bucătăria moldoveanului Ilie Elia Postica. „Sunt un simplu băiat din Costești, care din lipsa oricăror oportunități acasă a fost nevoit să plece peste hotare. A fost o alegere personală pentru a acumula mai multă experiență. „Facem două feluri de pizza: cu blatul subțire și pizza Gourmet sau cum se mai numește pizza «in pala alla Romana».
Persons: Reviews, Elia Postica, Ilie Elia, Ilie, Ilie Postică, ., Rosso, Alessandro Gulotto, Ciprian Zamfir, Ciprian Organizations: Ferrari, Facebook Tomm Locations: Italia, Moldova, Chișinău, Chișinăului, Costești, Sassuolo, Modena, Formigine, Maranello, Romana, Alta, Dolomites, Ialoveni, Los Angeles, Roma, România
Timpul trece, însă dezvoltarea primului SUV Ferrari nu a contenit. Şi dacă anterior a fost văzut testat sub forma unui Ferrari GTC, mai nou, deocamdată în limitele fabricii din Maranello, un alt prototip de teste poartă corpul unui… Maserati Levante cu o capotă ceva mai lungă. Totodată, din câte se pare, italienii nu îşi doresc ca modelul să fie înalt, astfel încât înălţimea ar trebui să-i fie uşor mai mare decât a unui GTC (1.383 mm), între 1.5 şi 1.7 metri. Află mai multe şi vezi toate imaginile disponibile, pe AutoBlog.MDPentru a fi la curent cu cele mai importante știri te așteptăm pe Telegram . Pentru reportaje video și emisiuni ne găsești pe Youtube , pentru fotografii și stories vino pe Instagram , iar pe Tik Tok îți oferim o doză de amuzament
Persons: Maserati Organizations: Ferrari, Youtube, Instagram
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