Ferrari (NYSE:RACE) Debuts its GTC4 Lusso with Turbo V-8

Ferrari (NYSE:RACE) Debuts its GTC4 Lusso with Turbo V-8

Ferrari (NYSE:RACE) Debuts its GTC4 Lusso T with Turbo V-8

$RACE, $FCAU

Ferrari (NYSE:RACE) revamped the FF, its AWD (all-wheel-drive) 2+2, and renamed it Lusso. The car debuted with a V-12 engine, but Ferrari has added a 2nd version.

The GTC4 Lusso T, slated to roll out at the Paris Motor Show, will get a lower horsepower version of the turbocharged V-8 engine in the 488 GTB.

Ferrari said in a statement that the GTC4 Lusso T will be the “1st 4-seater in Prancing Horse history to sport a turbo-charged V-8 engine, hailing a whole new Ferrari GT concept aimed at owners seeking a car that is sporty and versatile, as well as perfect for driving on a daily basis.”

The iconic Italian Supercar maker added that the “V-8 turbo’s characteristics suit daily driving, a rich powerful soundtrack in acceleration that becomes more muted at lower speeds, rapid pick-up from low revs courtesy of versatile, modular torque delivery and, last but not least, excellent range.”

 

Ferrari is working to make sure that anyone who wants a Ferrari that can handle snowstorms, mudslides, and weekends in the country will not be excluded.

The 610-horsepower turbo V-8 is unlikely to pale in comparison with the 680-horsepower V-12 option, the layout of the car is the same.

The GTC4 Lusso T will help Ferrari in extending global sales from around 7,000 per year to its 9,000 goal, according to the mandate of CEO Sergio Marchionne, who is also CEO Fiat Chrysler Automobiles NV (NYSE:FCAU).

Ferrari has not announced pricing for the turbo V-8, but the V-12 starts at about $300-K.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 50.59 22 September 2016 1.49 50.43 50.59 50.21 600,279
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.34) Bullish (0.28) Very Bullish (0.52) Neutral (0.21)

Stay tuned…

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