Rome A look at the “Daytona SP3” shows which models Ferrari customers love. There will only be 599 of the sports car with an engine output of 840 hp and a top speed of 340 km/h. Before the car was even officially presented, all the vehicles had already been sold – at a price of around two million euros each. On average, a Ferrari normally costs 300,000 euros.
This Thursday, the new boss of the Italian carmaker also made it clear that combustion engines will continue to play a role for a very long time: From 2026, the range should still consist of 40 percent combustion engines, 60 percent hybrid and electric cars, announced Benedetto Vigna at the Capital Markets Day in Maranello. Around 20 percent of Ferraris are currently driving with hybrid engines, and the first all-electric sports car is scheduled to come onto the market in 2025. The burners are an “essential part of the tradition” for the brand.
Even for the year 2030, plans are therefore still being made with the classic engines – but by then their share will have shrunk to 20 percent. Hybrid and pure electric motors should then each account for 40 percent.
Even if the EU Parliament voted a week ago to ban combustion engines for all newly registered cars from 2035: The Italian government has negotiated a loophole for its sports car manufacturers – even after massive pressure from the manufacturers. Ferrari, Lamborghini, Maserati and Co. are still allowed to build 1000 combustion engines per year after 2035.
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Last year Ferrari produced 11,000 cars. The transformation remains a tour de force of historic proportions. And Vigna, who only came to Maranello in September last year, should succeed.
The 53-year-old is a physicist and worked for 25 years at the semiconductor manufacturer STMicroelectronics, which also produces chips for car manufacturers around the world. Most recently, Vigna was head of the analog chip and sensor division.
An inventor and tinkerer in Ferrari’s executive suite
In these times, you need a CEO with “deep knowledge of the technologies” that are changing not only the automotive industry, but also the rest of the world, Ferrari’s chairman of the board John Elkann explained to the investors.
Vigna is a tinkerer and inventor, holds more than 200 patents, for example in micromechanics. Among other things, he designed a 3D motion sensor that was originally intended for airbags but was later built into the Nintendo Wii game console.
Vigna was also optimistic about the numbers. All the goals that were set in 2018 have been achieved – “despite the pandemic”. If business collapsed at the beginning of the corona crisis, it has now recovered strongly. Ferrari’s sales are expected to increase by half a billion to 4.8 billion euros this year. Adjusted profit is expected to rise to 1.65 to 1.7 billion euros – in 2021 this figure was 1.53 billion euros. The margin – one of the highest in the entire automotive industry – will therefore shrink somewhat, but is still more than 35 percent.
>> Read here: There’s no second time – a look at the Ferrari SP48 Unica
Vigna announced 15 new models for the next four years. But a self-driving car will not be there. The future models would be equipped with many sensors and processors that should improve the driving experience. “But these are not used to create an autonomous Ferrari.”
Vigna was also able to announce good news for shareholders: dividend payments are to be increased by 2026 and shares worth two billion euros are to be bought back.
Ferrari’s biggest competitor on the home market, the Lamborghini brand belonging to the Volkswagen Group, is taking a different approach: it wants to say goodbye to the classic combustion engine by 2025 and only offer the technology with synthetic fuels at most; the entire model range is to be converted to hybrid. There should also be an E-Lambo – from 2028.
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