Tag: Ferrari

Demand For Electric Classics Surge: Lunaz Doubles Workforce

Following the news of the UK’s plan to ban the sale of all new petrol, diesel, and hybrid cars by 2035, electric conversion specialists Lunaz have announced that it will be doubling its workforce. The Silverstone-based company, founded in 2018, as quickly established itself as a leader in the emerging classic car electric conversion market,… Continue reading Demand For Electric Classics Surge: Lunaz Doubles Workforce

Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional

Aston Martin chief executive Andy Palmer talks exclusively to Autocar UK following the announcement that billionaire Lawrence Stroll is investing in the firm.“I’m getting too old for all-nighters, but let’s just say it was a late night! It has been time-consuming, but as I sit here now the company is better funded than it has… Continue reading Autocar UK Exclusive: Andy Palmer on Lawrence Stroll’s stake buy and future – Autocar Professional

Ferrari : 2019 PERFORMANCE CONFIRMS STRONG MOMENTUM

2019 PERFORMANCE CONFIRMS STRONG MOMENTUM2020 GUIDANCE UPGRADING PREVIOUS PLAN ACROSS ALL METRICSFerrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the twelve months ended December 31, 2019, summarized as follows:Total shipments of 10,131 units, up +9.5%Net revenues of Euro 3,766 million, up +10.1% or +8.2% at constant currencyAdj. EBITDA of Euro 1,269 million,… Continue reading Ferrari : 2019 PERFORMANCE CONFIRMS STRONG MOMENTUM

Ferrari tempers 2020 expectations with cautious upgrade

MILAN (Reuters) – Demand for Ferrari’s (RACE.MI) Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane/File Photo… Continue reading Ferrari tempers 2020 expectations with cautious upgrade

Aston Martin’s lifeline buys carmaker time as SUV hits road

LONDON (Reuters) – Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint… Continue reading Aston Martin’s lifeline buys carmaker time as SUV hits road

Salaries, only four women among the 100 highest paid managers in Italy

Higher-paid men have multiple wages than women. As long as he was able to drive Fiat-Chrysler, Ferrari, Cnh Industrial Sergio Marchionne (died on 25 July 2018), he received 28.27 million euros gross in 2018, according to the financial statements of Exor, the holding of the Agnelli-Nasi heirs, of to which he was vice president. Marchionne’s… Continue reading Salaries, only four women among the 100 highest paid managers in Italy

Villas, Ferraris and businesses: 237 citizens of income discovered

FINANCE POLICE These are the results of a vast assessment by the Locri Finance Police, which revealed a branched fraud against public spending. The damage amounts to 870 thousand euros, money that will now be recovered after the yellow flames have reported the irregularities to INPS. by Ivan Cimmarusti January 23, 2020 Ville and Ferrari… Continue reading Villas, Ferraris and businesses: 237 citizens of income discovered

Tesla now more valuable than Volkswagen: How Elon Musk made hunters out of hunters

Tesla is now the most valuable American car brand with a market cap of over $ 100 billion – and more valuable than Volkswagen, This is all the more impressive when you consider that only eight years have passed since the introduction of the Tesla Model S, Tesla currently only offers three models and is… Continue reading Tesla now more valuable than Volkswagen: How Elon Musk made hunters out of hunters

Press Releases – Auto industry sets out plan for carbon neutrality under EU Green Deal, amid shrinking market

Brussels, 22 January 2020 – Forecasting the first downturn in EU car sales in seven years this year, the European Automobile Manufacturers’ Association (ACEA) today outlined the major challenges faced by the EU auto industry, as it embarks on the transition to carbon-neutral transport. “One of the biggest drivers of change for our sector is… Continue reading Press Releases – Auto industry sets out plan for carbon neutrality under EU Green Deal, amid shrinking market