Ferrari (NYSE:RACE) is not alone in the supercar market, but a Key strength is a brand that synonymous with high-performance, high-dollar vehicles, aka The Aristocrat.
Company CEO Louis Camillieri is not worried about the competition.
In response to a question about whether there is any nervousness about the new Aston Martin Vanquish entering the segment, he said, “Imitation is the best form of flattery. We are flattered.”
CEO Camillieri has every reason to be proud about Ferrari’s current mid-engined offering, the F8 Tributo.
Its twin-turbo 3.9-liter V8 makes 720 horsepower (537 kilowatts) and 568 pound-feet (770 Newton-meters) of torque. Weight is down 88 pounds (40 kilograms) from the outgoing 488 GTB. The result is a coupe that reaches 62mph (100kph) in 2.9 secs and a Top Speed of 211 mph (340 kph).
The F8 Tributo debuted at the Geneva Motor Show early this year, and Ferrari has already announced plans for its next mid-engined model’s arrival in May or June. The new hybrid model has a focus on excelling at the track, according to the automaker’s engineers.
The latest reports about the hybrid powertrain suggest that it could use the 2.9-liter twin-turbo V6 from Alfa Romeo Quadrifoglio models as the combustion portion. This would drive the output to 723 hp (539 kW) and 800 lb-ft (1,085 Nm) of torque, instead of 505 hp (377 kW) and 443 lb-ft (601 Nm) from the Alfas.
The new Aston Martin Vanquish could be among the F8 Tributo’s competitors. In concept form, it used a hybrid, turbocharged V6 and sported a minimalist design with a simple arch comprising the roofline.
Ferrari is the Aristocrat of the automotive sector.
HeffX-LTN overall technical outlook for RACE is Bullish across the board, and there is very little resistance here and none above 140.26. All of our Key indicators are Very Bullish in here.