Ferrari rolls out plans to raise buyer numbers, payouts and margins
It unveils new product niche called 'Icona', plans for hybrid engine derived from F1 tech
Maranello, Italy
FERRARI will mine its past to turbocharge future profits. And don't expect a Sport Utility Vehicle (or SUV) to add a penny to its coffers in the near future.
Those are two elements of the product strategy unveiled by new chief executive Louis Camilleri yesterday at Ferrari Capital Markets, an investor conference the supercar maker put on to reveal its business plan for the next five years.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
India’s IndiGo gets into long haul game with Airbus A350 deal
Hertz reports US$392 million loss as it unwinds Tesla fleet burden
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race