Ferrari chairman reports record orders ‘well into’ 2024



MILAN — Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday.

Elkann said the Italian company’s two latest models, the 296 GTS plug-in hybrid car and the Purosangue four-seater had boosted its product portfolio, “delivering a record number of orders well into 2024”.

Ferrari has promised a total of 15 new models between 2023 and 2026, including its first full-electric car, which Elkann reiterated on Friday is expected in 2025.

The company has said that, while pursuing electrification, internal combustion engine (ICE) cars will still be part of its range for some years.

Chief Executive Benedetto Vigna last month welcomed the European Union’s plans to allow production of cars running on e-fuels beyond a formal 2035 deadline to end ICE car production, saying e-fuels would extend the life of combustion engines.

Vigna returned to the theme during Ferrari’s shareholders meeting on Friday.

“ICE still have a lot to give, and thanks to their higher energy efficiency and e-fuels, together with partners, we will develop solutions that will contribute meaningfully to decreased CO2 emissions,” he said.

Vigna said Ferrari would leverage on “selected partnerships” for its industrial and innovation strategy, while keeping in-house the development and production of core components “such as the electric engine, the battery pack and the inverters”.

Investors in Ferrari, which is controlled by Italy’s Agnelli family through its investment company Exor, on Friday also approved a top management remuneration package for last year.

Total remuneration for Vigna amounted to around 5 million euros ($5.5 million) for 2022, his first full year at the helm of the company. The figure includes around one million euros in share-based long-term incentives.

See also  Mini Cooper SE electric convertible will be shown off in Shanghai

Related Video:


Source link

Popular Posts

More like this
Related Internet: Digital Discovery (2023)

In the expansive realm, internet emerges as a...

Exploring Your Gateway Platform for Google 2023

Embark on a Journey of Discovery In the vast expanse... Charting a New Era in Healthcare (2023)

Introduction In the dynamic landscape of healthcare, the integration of...

Skyward FBISD Family Access: Login and Access

Skyward FBISD is an innovative and user-friendly online platform...
Topup Diamond Mlslot hoki