Ferrari plans to launch 15 models, hybrid plans by 2022, which would pave the way for the company to exceed a 10,000-unit cap on small car manufacturers that includes emissions breaks. Louis Camilleri, speaking to analysts after taking over as CEO, said on a conference call that he will outline in September how the luxury car maker will attempt to reach the goal to double profit by 2022.
The super car maker moved to a range for core earnings by 2022, rather than the 2 billion figure set by late Ferrari boss Sergio Marchionne but his successor sought to reassure investors that the company can maintain recent strong growth. Louis Camilleri plans also include reviving iconic models and embedding them with Formula One technology. Ferrari also said that fewer than 500 of the Monza SP sports cars will be produced and sold only to eligible Ferrari customers, whose preferences will be of one- and two-seat models. Pricing will be announced next month at the Paris car show.
“This is a dream plan, but doable” Louis Camilleri I hate hearing SUV in the same sentence as Ferrari,” Camilleri told investors at the car maker’s headquarters, Italy. “As a die-hard of Ferrari, I was a little skeptical when the concept was first voiced at the board. Having now seen the wonderful design and the extraordinary features, I am a hugely enthusiastic supporter.”
The Purosangue will meet an increasingly field of high-performance despite its rugged and commands a luxury price tag. He further added by saying it would be “unique”, “elegant, powerful, versatile, comfortable, spacious and feature state of the art connectivity and infotainment. It also promised to increase its range of GT vehicles radiant on style, elegance and the driving experience, rather than extreme performance, to tempt new customers to the brand.
Ferrari share’s biggest decline was in February 2016 as it dropped as much as 12 percent in New York and was down to 8.2 percent in August, giving the company a market value of $22.9 billion. Now,Louis Camilleri believes that they’re achievable, promising sales of 5 billion Euros, and EBITDA of 2 billion Euros. And that growth will be environmentally sustainable.