Confirming what we'd long suspected, the hybrid powertrain in the Ferrari LaFerrari was not a one-time thing. "I don't believe in the electric cars, but I strongly believe in hybrids," Ferrari boss Luca Cordero di Montezemolo tells Brandon Turkus
Ferrari's angle of emphasizing exclusivity by limiting deliveries is appearing to bear fruit. The company posted a 7.1-percent increase in revenues to 1.7 billion Euros ($2.2 billion at today's exchange rates) during the first half of 2013. Net profits, meanwhile, saw a jump of 20 percent to 116.2 million Euros ($153.5 million). The Prancing Horse delivered 3,767 cars, which, while an increase of 2.8 percent, represents a rate of growth that's slower than in the first quarter of 2013.
Luca Cordero di Montezemolo does not strike us as the kind of person we'd want to cross. We imagine the Chairman of Ferrari as sort of like an automotive Don Corleone, a thought that is further confirmed when we hear about the aftermath of last weekend's Hungarian Grand Prix.
While most automakers are clawing and scratching for every possible sale, it sounds like Ferrari is content in losing a few potential customers in the name of better exclusivity and higher profits. Autocar reports that Ferrari chairman Luca di Montezemolo recently stated that the Italian automaker hopes to sell fewer than 7,000 units globally in 2013 compared to last year's ta
The exciting new LaFerrari wasn't all that Ferrari had to announce today at the Geneva Motor Show. Ferrari chairman Luca Di Montezemolo added that the Italian automaker is looking to expand its relationship with Apple in the r
Kia has 2.1 million fans on Facebook, though we'd wager that far more people worldwide own Kias than are fans of the Korean automaker's page. On the other hand, Ferrari, whose owners number just a lucky few, has a legion of fans counted in the millions. In fact, the Facebook page for the Italian automaker just surpassed 10 million Likes.
Sebastion Vettel recently celebrated his third Formula One title by driving his Red Bull Racing car through the streets of Graz, Austria, but Ferrari is still caught up in the controversy it stirred up by asserting that Vettel made an illegal pass under yellow at the Jeffrey N. Ross
Contrary to the hopes of everyone attending the 2013 Detroit Auto Show, The Motor City will not stage the debutante ball of the successor the Ferrari Enzo. Before the Detroit show rumor, it was thought that we'd see the coupe, referred to as the F70, for the first time at the 2013 Geneva Moto
Ferrari has a new board of directors member. Eddy Cue, vice president of internet software and services for Apple, has just taken a seat at the table with the rest of the brand's decision makers. According to Wired, that tie-up could result in an influx of new Apple tech thinking on Ferrari models. Last April, Ferrari CEO Zach Bowman
Awards are handed out in the automotive industry all the time. Most of them, however, are handed out to one organization or publication's "Car of the Year". Ferrari, however, has just been handed another kind of award altogether.
Business has been good for Ferrari. Thanks in no small part to expanding its activities in developing markets, the racing team turned automaker raked in 556 million euros in revenues to generate 42.1 million euros in profit in the first quarter of this year alone – an increase of 13.2 and 17.2 percent, respectively. Those figures are driven by increased sales that amounted to 1,733 units produced and delivered in the first quarter out of an ex
Put your money away, people. Ferrari Chairman Luca di Montezemolo has told a German newspaper his company will not be going public anytime soon, saying, "No, there is nothing on the agenda," according to Automotive News Europe. According to the executive, Ferrari parent company Fiat doesn't need the cash that would be generated by an I
Imagine you just bought the fastest, most powerful road-legal Ferrari ever. Your F12 Berlinetta has 740 horses and does 0-62 mph in just over three seconds. You're on top of the world!
Let's face it. This is probably the closest you're ever going to get. Unless you count yourself among a rarified percentage of the world's one percenters, chances are you'll never get the chance to park a new Ferrari in your garage, let alone this one, the just-introduced F12 Berlinetta. So why not take a virtual spin in the 740-horsepower, V12 grand tourer
Stick a fork in it. The New Stratos is done. Reports kicking around the web have confirmed Ferrari has put the nix on any hopes of a production run. As you may recall, the New Stratos prototype was built off of the bones of a Ferrari F430. Pininfarina supplied the vehicle's carbon fiber skin, and Ferrari CEO Zach Bowman
Finding one's self at the helm of a storied automaker like Ferrari must be equal parts amazing and terrifying. While you have the power to steer the company in any direction you so please, you're also saddled with serving the high expectations of the world. Luca Cordero di Montezemolo knows all about those pressures. The Piedmontese aristocrat took the helm of Ferrari nearly 20 years and ha
It's never too late for some Christmas cheer from the Ferrari Formula One team, and it's certainly not too early to hear about what it expects to do in the 2012 season. After a brief intro, the 15-minute(!) video turns to Ferrari CEO and Italian prime ministerial candidate Luca di Montezemolo's musings on 2011, starting with "I've been
There have always been rumors surrounding Ferrari. But most of those rumors have revolved around its road cars, if not its Formula One operations: that the company is planning to build this type of car or that, that the team is planning to hire this driver or that one. But this one rumor that has only grown with time revolves around the company's affable chairman, Noah Joseph
It's not too hard to imagine a future – a distant one, perhaps – where the majority of automobiles run on electricity, is it? It is for Ferrari president Luca di Montezemelo, who says that pure electrons are not part of the Prancing Horse's equation. While chatting with our cohorts over at Engadget, Montezemelo admitted:
