News Details
Ferrari profits boom as road car sales soar
Luxury Italian sports carmaker Ferrari announced this week that profits soared 38 percent in its first year as a stand-alone company, thanks to higher volumes of the 488 mid-engine family that is key to the company's growth plans. Ferrari, based in the northern Italian city of Maranello, reported net profit of 400 million euros ($432 million), up from 290 million euros last year. Shipments last year rose 4.6 percent to 8,014 vehicles, while net revenues increased 9 percent to 3.1 billion euros. 'It's been a good year,' CEO Sergio Marchionne told an analyst conference call. 'We have been satisfied with the progress we have made' since spinning off the brand last January and going public....
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Prost: To win Ferrari need less mood swings
Alain Prost knows a thing or two about working at Ferrari when times are...
9y ago from GrandPrix247.com
Ferrari delivers higher sales and profits to investors...
XPB Images
Sergio Marchionne promised to deliver improved...
9y ago from F1i.com
Giovinazzi makes Ferrari F1 debut at Fiorano
Antonio Giovinazzi got his first taste of Ferrari Formula 1 machinery when...
9y ago from Motorsport.com
Bernie Ecclestone says Ferrari need 'fresh blood' to...
Bernie Ecclestone says Ferrari must hire 'fresh blood' from outside...
9y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
The weakness behind Marco Bezzecchi’s dominant...
No description available...
3h ago from Motorsport.com
MotoGP legend shares how ‘different level’ Marc...
Five-time 500cc champion Mick Doohan believes the way Marc Marquez...
1d ago from MotorsportWeek.c...
Fabio Quartararo staying “a little bit out” of...
No description available...
1d ago from Motorsport.com
Trackhouse boss reveals steps MotoGP must take to...
Trackhouse owner Justin Marks has revealed how he plans to promote his...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
How to watch IndyCar 2026 at Long Beach: Weekend...
No description available...
1d ago from Motorsport.com
Exclusive Q&A: Mick Schumacher believes 'great things...
No description available...
1d ago from Motorsport.com
Experienced engineer Mike O’Gara joins IndyCar as...
IndyCar has announced that Mike O’Gara has joined the series as Vice...
1d ago from MotorsportWeek.c...
Mike O’Gara named IndyCar’s Vice President of...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
The Rally1 rookie proving he belongs in the WRC top...
No description available...
1d ago from Motorsport.com
Why WRC Croatia victory was “quite special” for...
No description available...
3d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
5d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal forward set to miss Manchester City clash due...
Mikel Arteta has confirmed that Bukayo Saka will miss Arsenal's clash...
47m ago from SportsKeeda.com
'Quite close…' – Mikel Arteta provides...
Arsenal manager Mikel Arteta has provided some mixed injury news ahead of...
1h ago from CaughtOffside.com
Report: Arsenal rival Chelsea for one of the most...
Arsenal are reportedly rivalling Chelsea and other big clubs for the...
1h ago from CaughtOffside.com
“You forget about the football” - Ex-Arsenal star...
Former Arsenal star Jorginho has weighed in on Mikel Arteta's...
1h ago from SportsKeeda.com
Comments
Hottest News
Michael Masi handed surprise amnesty for 2021 F1...
Niels Wittich, the former F1 director, came to... Read More »
57m ago from MotorsportWeek.com
Max Verstappen hails talks with F1 and FIA leaders but...
Speaking at a Viaplay event in Amsterdam,... Read More »
1h ago from GrandPrix247.com
Brundle: Aston Martin ‘horror show’ won’t improve...
The start of the 2026 Formula 1 season has... Read More »
1h ago from F1i.com
