Ferrari Will Unveil 2 New Models by Year’s End
Ferrari has no interest in giving in to complacency.
The legendary sports car maker’s CEO, Benedetto Vigna, revealed during the company’s latest earnings call that it will unveil two new models by the end of the year, according to Motor1.com. That wasn’t the only surprise the executive had in store for investors, though. He also revealed the company has begun testing out biofuels in its vehicles.
During the call, the marque’s head exec revealed that despite deliveries dipping slightly because of model changeover, Ferrari had achieved an operating profit of 605 million euros and a net profit of 463 million euros, the latter of which represents a 9 percent increase year over year. Thanks to the strong results, which were driven by continued demand for Prancing Horses and more customers opting to personalize their vehicle, the company is raising its full-year guidance, according to CNBC. The company now expects to make $7.6 billion this year, up from an earlier target of $7.5 billion.
As welcome as this news will be to the company’s investors, even more exciting was when Vigna said the company would unveil two new models before the year is over. That was all that the executive said about the vehicles, but Motor1.com suggests the new reveals could be an open-top version of the F80 hypercar, possibly called the Aperta, and an exclusive 12Cilindri variant called the Versione Speciale. The latter would be the second new model based on the V-12 this year, following the Manuale (picture up top) from earlier this month, which features a unique gearbox that offers both automatic and manual driving modes.
That model, along with the debut of the polarizing Luce EV, shows that the 86-year-old automaker isn’t afraid to try new things. Ferrari’s top boss also said the company has tested out biofuels in its engine. Vigna didn’t go into specifics, but he did say they, and other carbon-neutral fuels, “work well in our engines. Nothing changes.” We don’t know what the company’s alternative fuel strategy is, but the fact that they have tested them out suggests the company is looking to give itself options and keep the combustion engines its customers love so much around longer.
It may sound unusual, but Ferrari tends to know what it’s doing. Just look at the Luce. All the grumbling about its powertrain and unorthodox styling didn’t stop it from selling out.
This article originally appeared in Robb Report US.
FAQs
Ferrari CEO Benedetto Vigna said the automaker will unveil two new models before the end of 2026. The company has not yet officially revealed their names or specifications.
The new vehicles could include an open-top version of the F80 hypercar, possibly called the F80 Aperta, and a more exclusive version of the 12Cilindri. Ferrari has not confirmed either model.
Ferrari has begun testing biofuels and other carbon-neutral fuels in its engines. Vigna said the alternative fuels performed well without requiring changes to the engines.
Biofuels could help Ferrari reduce the environmental impact of its combustion-engine vehicles while continuing to offer the performance and character associated with its gasoline-powered sports cars.
Ferrari reported an operating profit of €605 million and a net profit of €463 million, representing a 9 percent year-over-year increase. The automaker also raised its full-year revenue guidance to approximately $7.6 billion.