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 »
8y 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...
8y ago from GrandPrix247.com
Ferrari delivers higher sales and profits to investors...
XPB Images
Sergio Marchionne promised to deliver improved...
8y ago from F1i.com
Giovinazzi makes Ferrari F1 debut at Fiorano
Antonio Giovinazzi got his first taste of Ferrari Formula 1 machinery when...
8y ago from Motorsport.com
Bernie Ecclestone says Ferrari need 'fresh blood' to...
Bernie Ecclestone says Ferrari must hire 'fresh blood' from outside...
8y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
2h ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
4d ago from Motorsport.com
Takaaki Nakagami fills in for injured Luca Marini at...
No description available...
2d ago from Motorsport.com
Toprak Razgatlioglu shares his ‘biggest dream'...
Following the announcement of Toprak Razgatlioglu's move to MotoGP in...
3d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rasmussen passes most cars in Sunday night’s IndyCar...
Christian Rasmussen put on a show for fans Sunday night, passing more...
1h ago from MotorsportWeek.c...
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
12h ago from Motorsport.com
Kyle Kirkwood avoids incidents, wins late duel for...
No description available...
10h ago from Motorsport.com
IndyCar Gateway – Race Results
The NTT IndyCar Series made a trip to the St. Louis area for the first...
11h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
3d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
6d ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal offer 9m in wages to beat competition for...
Arsenal are interested in signing the Athletic Club Bilbao attacker Nico...
2h ago from CaughtOffside.com
Viktor Gyokeres player profile: How much would the...
Swedish International striker Viktor Gyokeres is currently one of the...
12m ago from CaughtOffside.com
‘Top player' believes Mikel Arteta will move for...
Arsenal have been linked with a move for the Sporting CP striker Viktor...
3h ago from CaughtOffside.com
Update: Latest info on 75m striker as more clubs rival...
The Viktor Gyokeres transfer saga continues to prove a complicated one,...
4h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin’s shock plan: snagging Russell to lead 2026...
Aston Martin has set its sights on a bold move to... Read More »
4h ago from F1i.com
F1 Canadian Grand Prix 2025 results: Final classification...
The FIA have confirmed the final classification... Read More »
8h ago from GPFans.com
F1 News Today: Max Verstappen hits back as disqualification...
Max Verstappen has been in another contentious... Read More »
52m ago from GPFans.com
