Ferrari (NYSE:RACE) to Launch 15 New Models by 2022
- Ferrari confirmed the development of a new V6 hybrid powertrain
Ferrari (NYSE:RACE) is planning a huge model line up in the next few years. During an investors meeting this week outlining its future plans, the automaker announced it will launch 15 new models by Y 2022 under the guidance of CEO Louis Camilleri, including the company’s 1st ever hybrid FUV.
According to presentation around 60% of new Ferrari models will feature hybrid technology. Part of this line-up will include a new V6 hybrid powertrain, which Ferrari confirmed is currently in development. It will likely be used in the new entry-level model that may carry the Dino badge.
Purists not to worry
Ferrari will produce naturally aspirated V12 Supercars and ultra-exclusive Limited Editions like the Monza SP1 and SP2 showcased at a private event at Maranello Tuesday and featured here in a company video presentaton.
Based on the 812 Superfast, both cars are the work of Ferrari’s Special Projects division and are inspired by vintage Ferrari race cars like the Monza and 250Testarossa.
Pricing details for the SP cars will be revealed at the Paris Auto Show.
I expect, like with previous Special Edition Ferraris they will probably command a price exceeding 7 figures and have likely all been sold to the exclusive list of Ferrari collector clienti. The SR LE cars will be produced in editions of 500 each only.
The average retail price of Ferrari’s new models will also increase “significantly” according to Ferrari’s head of sales, Enrico Galliiera, with the aim to 2X profits from $1.16-B to $2.38-B by Y 2022. Plus, the new Ferrari FUV (sports utility vehicle) will help significantly boost the Maranello Outfit’s profits, too.
Ferrari is the Aristocrat of the automotive sector and its demand always out strips supply maintaining the luxury brands exclusivity and valuations.
|NYSE:RACE||135.23||19 September 2018||-3.09||136.9||137.41||135.12||554,174|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Bullish (0.30)||Bullish (0.31)||Bullish (0.36)||Neutral (0.22|
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