Tag: Ferrari

Ferrari Promises Electric Means ‘Even More Unique’ Cars

MARANELLO, Italy—Electric and hybrid models should make up 80 percent of Ferrari’s sales by 2030, the luxury carmaker told investors on Thursday, vowing to produce “even more unique” cars as it makes the expensive shift to zero-emission driving. “We believe we can use the electric engine to enhance the performance of our cars,” Chief Executive…


Vigna to Set out Ferrari’s Route Into Electric Vehicle Era

MILAN—Nine months after taking the top job, Ferrari CEO Benedetto Vigna will be expected this week to explain how the carmaker will preserve its cachet—and top tier prices—in a future of electrified cars. The Italian luxury sports carmaker is set to unveil its much awaited business plan on Thursday, heading into the new era of…


Ferrari to Recall More Than 2,000 Cars in China Over Braking Issues

SHANGHAI/MILAN—Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday. The recall covers the 458 Italia, 458 Speciale, 458 Speciale A, 458 Spider, 488 GTB, and 488 Spider series models, the State Administration for Market Regulation…


Ferrari to Invest up to 500 Million Euros to Support R&D, Jobs in Italy

ROME—Ferrari will invest up to about 500 million euros ($550 million) in its Maranello and Modena plants in central Italy by 2025 to support new technologies and create 250 jobs, the local Emilia-Romagna region said on Tuesday. The plan will include a new facility for electrification and new propulsion systems with low environmental impact, the…


Ferrari and Qualcomm Team Up for Tech Projects for Road, Racing Cars

ROME—Ferrari said on Tuesday it would partner with Qualcomm Technologies to use the San-Diego based group’s premium product, the Snapdragon chipsets, to accelerate the sports carmaker digital transformation. The deal will involve both its road cars and its Formula One racing team and the first common projects, including the so-called digital cockpit, have been already…


Ferrari Unveils New Organization and Top Team to Face Electrification Challenge

MILAN—Ferrari’s new chief executive on Monday unveiled a new organization and leadership changes aimed at sharpening its technology focus and product exclusivity as the luxury sports car maker embraces electrification. Benedetto Vigna, a tech industry veteran and a former top executive at chipmaker STMicroelectronics, took the CEO role in September with a task to drive…


Ferrari Partners With Blockchain Company Velas in Multi-Year Deal

Ferrari has signed a multi-year agreement with Velas Network, a Swiss company involved in blockchain technologies and cryptocurrencies, to create digital content for the iconic Italian luxury sports car manufacturer. Based on the deal, Velas Network will be a premium partner of the automaker starting next season. Velas will be the title sponsor of the…


VIDEO Time-Lapse: Carpenter Dad Builds Drivable Wooden Bugatti for Son—and It Goes Viral

In the age of social media, craftsmen and artisans have been made into unlikely stars, thanks to YouTube and DIY viral videos. The novelty of wood carving has made one Vietnamese man famous when he started crafting ultra-expensive supercars out of oak. He recently modeled the world’s most expensive road racers, the Bugatti Centodieci—worth a cool…


Rewind, Review, and Re-Rate: ‘Ford V Ferrari’: Delivers Right Up to the Final Checkered Flag

PG-13 | 2h 32min | Action, Biography, Drama | 15 November 2019 (USA) I’ve never been a huge fan of racing films. I’m not a gearhead and don’t watch racing as a sport. The goofy, unrealistic car-action stunts and the shallow storylines of perhaps the longest-running racing series—“The Fast & Furious” franchise—hardly did anything to change…