- Rally in oil prices loses steam on mixed day for global stocks
- South America treated to rare 'ring of fire' eclipse
- Biden official says port strike deal not as far as parties think
- Mexico's new president offers apology for 1968 student massacre
- Historic funding round values OpenAI at $157 billion
- Mixed US car sales in Q3 as industry hopes for post-election bounce
- Thunderstorms are a 'boiling pot' of gamma rays, scientists find
- Scientists unlock secret of 'Girl With Pearl Earring'
- Dolphins flash friendly grins when they're ready to play
- Facing backlash, EU moves to delay deforestation rules
- US private sector adds more jobs than expected in September: ADP
- Boys out of critical condition after Zurich stabbings
- Spain logs record summer tourism as inflow draws protests
- Hedi Slimane quits as Celine's artistic director
- Oil prices extend rally on Iran attack
- Spain welcomed record number of tourists this summer
- France says coming tax hikes on the wealthy to be 'temporary'
- Why are Thailand's roads so deadly?
- Oracle to invest $6.5 bn in Malaysian cloud services region
- Parkrun marks 20 years of a free weekly jog, run... or walk
- Oil extends rally after Iran attack, Hong Kong soars again
- Prostitutes, prospectors drive spread in DR Congo mpox capital
- Oil extends rally after Iran attack, Hong Kong resumes surge
- Extreme heat another form of death sentence in Texas jails
- Can music help plants grow? Study suggests sound boosts fungus
- Nike earnings drop, says turnaround will take time
- US dockworkers launch mass strike a month before election
- Iron Dome: Israel's key anti-missile shield
- Cranes stand still as US dockworkers fight for 'future'
- GM reports US sales dip, but says EVs grew
- Sheinbaum takes office as Mexico's first woman president
- Webb telescope detects carbon dioxide on Pluto's largest moon
- Stock markets slump, oil jumps on Middle East concerns
- French PM vows more taxes and spending cuts ahead of budget fight
- Germany inaugurates IBM's first European quantum data centre
- Stock markets diverge as eurozone inflation drops further
- France's richest man takes control of Paris Match magazine
- Anger meets tear gas as Nigeria hardship protests fizzle out
- US dockworkers launch mass strike month before election
- Evacuations from Lebanon: what we know
- Feathers fly at Chanel's Paris fashion return
- UAE oil giant ADNOC swoops on German chemicals firm Covestro
- Eurozone inflation falls under 2% for first time since 2021
- Coldplay ticket scalping fiasco sparks backlash in India
- Droughts drive Spanish boom in pistachio farming
- Tokyo recovers some losses to lead Asian markets higher
- Rural schools empty in North Macedonia due to exodus
- US dockworkers launch strike after labor contract expires
- Thousands evacuated as Super Typhoon Krathon approaches Taiwan
- Kenya airport whistleblower fears for his life
RBGPF | -2.18% | 59.5 | $ | |
RELX | -0.11% | 47.29 | $ | |
NGG | -1.85% | 68.78 | $ | |
CMSC | 0.04% | 24.78 | $ | |
BCC | -1.33% | 139.53 | $ | |
RYCEF | -0.43% | 6.9 | $ | |
GSK | -2.15% | 39.45 | $ | |
SCS | -2.56% | 12.87 | $ | |
RIO | -0.48% | 70.82 | $ | |
AZN | 1.14% | 79.58 | $ | |
BTI | -1.33% | 35.97 | $ | |
JRI | -1.12% | 13.38 | $ | |
CMSD | -0.04% | 24.93 | $ | |
BCE | -1.13% | 34.44 | $ | |
VOD | -2.16% | 9.74 | $ | |
BP | 0.86% | 32.37 | $ |
Ferrari says 80% of its models will be electric or hybrid by 2030
Ferrari unveiled Thursday plans to turn 80 percent of its production into all-electric or hybrid cars by 2030 in a major shift for an iconic brand renowned for its powerful combustion engines.
"Electrification is a way to improve performance," new chief executive Benedetto Vigna said as he unveiled a four-year strategic plan at the brand's historic Maranello site in northern Italy.
The 2022-2026 plan will be driven by the launch of new products -- including Ferrari's first 100 percent electric car, set to be presented in 2025.
"Ferrari's first all-electric car will be 100 percent a sports car," commercial director Enrico Galliera told AFP.
"We will develop an electric car that will deliver the same emotions as when you drive a (traditional) Ferrari," he pledged, without revealing any technical details.
The Italian luxury carmaker plans to expand the Maranello plant and create a third production line for hybrid and electric vehicles.
Under the plan, some 60 percent of its production would be all-electric or hybrid models by 2026, rising to 80 percent by 2030.
Other upcoming new products include Ferrari's first SUV, "Purosangue" (Thoroughbred), which will be unveiled in September, with deliveries from 2023.
Including the all-electric offer, another 15 new launches are expected between 2023 and 2026, Vigna said.
Ferrari, which celebrates its 75th anniversary this year, broke results records in 2021, delivering 11,155 cars -- up 22.3 percent -- and generating revenue of 4.3 billion euros (up 23.4 percent).
It said Thursday it was setting an ambitious target for revenues. The 6.7-billion-euro ($7-billion) goal for 2026 is well above this year's estimated revenue of around 4.8 billion euros.
Vigna did not give many details of the new Purosangue, other than that it will be a sports car and will have a V12 engine, a trademark of the mythical brand.
But he said: "I am confident it will exceed all expectations."
He emphasised its exclusivity, saying it would make up on average fewer than 20 percent of total deliveries.
Under the previous strategic plan unveiled in 2018, Ferrari had also promised the launch of 15 cars -- a target Vigna said had been reached.
M.García--CPN