Ferrari (NYSE:RACE) reveals that it has begun work on its next-generation Hyper Supercar to replace the LaFerrari.
During a recent interview with the automotive press discussing the company’s move into the SUV (FUV) market, Ferrari chief marketing officer Enrico Galliera revealed the new hypercar will arrive after Y 2022 and may adopt a different philosophy to the LaFerrari.
We might expect the LaFerrari’s successor to have more power than that, Mr. Galliera hinted that will not be the case and that instead, the Maranello Outfit will prioritize lightness, aerodynamics, and controllability.
Consequently, the car could spell the end of the power wars that have defined the industry in recent decades.
Mr. Galliera confirmed that Ferrari will continue to develop its flagship 6.5-liter naturally-aspirated V12 engine and that it prefers not to hybridize this new powertrain in a bid to ensure that it remains lightweight.
“To be honest, electrifying a V12 means creating, very probably, a heavy and big car. So electrification ideally should be coupled with smaller engines,” Mr. Galliera said. “The philosophy is to try to be ready with different technologies in order to use them with the necessary evolution. That’s why we have a wide range of engines: V12, V8 and, in the future, the V6.”
Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.
HeffX-LTN overall technical outlook for RACE is Very Bullish, overhead resistance is 171.90, and Key support at 167.38. Now 3 Key indicators are Very Bullish, and the stock has established strong long term support ahead of this coming breakout North.
Ferrari finished at 168.78, +0.71 Friday in NY.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.
Have a terrific Holiday weekend