Ferrari – Page 252 – I wish I had more to offer

ATS Automobili GT Launch Edition – final specification of the limited run Italian supercar

A special launch version of ATS Automobili’s new supercar, the GT, has been announced. This is the first production version of the carbonfibre Italian supercar and features the final production interior with CNS milled aluminum buttons and a gear selector with an open linkage. The GT Launch Edition will be limited to 12 cars and… Continue reading ATS Automobili GT Launch Edition – final specification of the limited run Italian supercar

Porsche denies speculation that it’s planning to go public

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Porsche 918 Spyder

The German luxury carmaker Porsche has denied speculation that it's planning to pursue an initial public offering (IPO).

On Friday, the company's chief financial officer suggested to reporters gathered at the firm's development center that such a listing could easily top the success of Ferrari's foray into public ownership. The Italian supercar maker has an estimated value of around $22 billion.

In comments not denied by Porsche to CNBC, Lutz Meschke said a listed car company led by Porsche and including Bentley, Bugatti and Lamborghini could merit a valuation worth more than three times that of Ferrari. Bentley, Bugatti and Lamborghini form part of the Volkswagen Group, alongside Porsche.

“A valuation of 60 billion to 70 billion euros certainly doesn't sound like a stretch,” he was reported as saying, before adding that analysts would value such a firm on the same metrics as a luxury stock.

Meschke is further quoted as saying: “Every company needs to think about whether it makes sense to create competitive divisions.”

In an emailed response to CNBC on Monday, Porsche flatly denied any suggestion it was moving toward public ownership.

“Porsche does not currently have any plans to pursue a (partial) initial public offering (IPO). The Stuttgart-based sports car manufacturer denies all reports to the contrary that claim an IPO is in progress,” it said.

Porsche also said Meschke's comments simply reflected on how the Ferrari listing was “a positive example of how an IPO can be a beneficial move during the automotive sector's current period of transformation.”

The German car maker further highlighted that during his presentation Meschke had said he had no authority on any Porsche IPO, with that decision ultimately resting with executives at the company's parent owner, Volkswagen.

What is an IPO?
8:24 AM ET Thu, 3 May 2018 | 03:58

Ferrari stock target raised by nearly 40 percent as SocGen says firm now has a better plan

CNBC

Ferrari's renewed focus on high-end clients is a “game changer” for its valuation said Societe Generale on Wednesday, as the French bank raised its price target for the stock by almost 40 percent.

Italy's most famous supercar maker first listed on the New York Stock exchange in October 2015 with an Initial Public Offering (IPO) price of $52. At Tuesday's close the stock was worth $128.95.

After long questioning the stock's value, the bank said they have now changed their mind, upping their price target for the luxury car manufacturer of $130 from $94 and shifting their recommendation from “Sell” to “Hold”.

“The facts have changed and so we have changed our mind on Ferrari,” read the note penned by equity analyst Stephen Reitman.

What's ahead for Ferrari under Louis Camilleri
11:36 AM ET Mon, 23 July 2018 | 01:52

Reitman argued that Ferrari's initial plan to reach its 2022 sales target by turning to the SUV market would be difficult because of widespread competition. He added that any “dash for growth” could risk damaging the brand's exclusivity.

That strategy was put in place by former CEO Sergio Marchionne who died in July this year following surgery. His successor, Louis Camilleri, updated markets in September with a new earnings target range for 2022 of between 1.8 and 2 billion euros ($2.1 -2.3bn).

That represented a slight pull back from Marchionne's 2-billion-euro figure, but Reitman said that while the target numbers were largely unaltered, the company strategy has now changed.

“The new mid-term plan broadly repeats the key financial objectives laid out in February, but the way Ferrari plans to achieve them appears to have fundamentally altered,” he said.

Ferrari unveiled two new car models on September 18 2018. They are titled the Monza SP1 and Monza SP2.

The analyst said Ferrari has doubled-down on high end customers after it debuted two brand new road cars, the Ferrari Monza SP1 and SP2 last month.

Ferrari have said that the latest models are part of a limited series called “Icona.” The name has been chosen to reference the firms famous racing cars of the 1950's. The cars will retail at a starting price of 1.6 million euros.

Ferrari said the limited edition would run to a maximum of 499 cars but that there will be further model releases as part of the Icona range.

On plans for an SUV release, Ferrari have now pushed back the release date by two years to 2022. Reitman described the change of strategy as a “game-changer” for the firm.

Societe Generale added that Ferrrai's fundamentals ought now to be valued somewhere between the weighted average of the European luxury goods sector and the French high fashion luxury goods manufacturer, Hermes.

The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of limited-edition special series called ‘Icona’

“ The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of limited-edition special series called ‘Icona’ Iconic cars whose sophisticated design and engineering is inspired by legendary Ferrari Sports cars of the past Maranello, 18 September 2018 – The new Ferrari Monza SP1 and SP2 have been unveiled on… Continue reading The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of limited-edition special series called ‘Icona’

Lamborghini sees India among top 10 global markets in 5 years

PUNE: Italian super sports car maker Automobili Lamborghini expects India to break into its top ten global markets in the next five years with its new SUV Urus, set to help drive up volumes in the country, a top company official said Thursday. The company, which sold 26 units in India last year, expects to… Continue reading Lamborghini sees India among top 10 global markets in 5 years

Ferrari reveals its most powerful road car ever

Ferrari unveiled two new car models on September 18 2018. They are titled the Monza SP1 and Monza SP2.

Ferrari has debuted two brand new road cars, claiming they are fitted with the most powerful engine ever built by the Italian car maker.

The luxury sports car maker took the wraps off the Ferrari Monza SP1 and SP2 at the firm's famous Maranello factory in Italy on Tuesday.

Ferrari said in a press release that the latest models are first in a limited series called “Icona”. The name has been chosen to reference the firms famous racing cars of the 1950's. The SP1 has only one seat while the SP2 allows for one passenger.

The interior of the Ferrari Monza SP2. The car houses the Italian firm's most powerful ever engine built for a road car.

The firm said the V12 810 brake horse power engine housed in both models is the most powerful motor drive ever built at Maranello. Other official statistics published by the firm said either car can reach 100 kilometres per hour (62 mph) in 2.9 seconds. Ferrari said the limited edition would run to a maximum of 500 cars.

The Monza's bodyshell is built entirely from carbon fibre and neither model comes with a roof or windscreen. Ferrari said a “virtual wind shield” is placed behind the instrumentation panel to push air flow above the driver who is sat in a Formula 1 style cockpit.

What's ahead for Ferrari under Louis Camilleri
11:36 AM ET Mon, 23 July 2018 | 01:52

The cars were unveiled at the end of the firm's first capital markets day since the passing of former CEO Sergio Marchionne.

Shares in the supercar maker see-sawed after the company announced a new earnings target range for 2022 of between 1.8 and 2 billion euros ($2.1 -2.3bn).

That represents a pull back from the 2 billion euro target put in place by Marchionne but new boss Louis Camilleri described it as “ambitious but doable”.

A bird's eye view of Ferrari's Monza SP1, unveiled on September 18 2018.

DBZ Centenary Collection: Classic joins contemporary in unique centenary tribute

Published: Sep 18, 2018

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by
Neil Allison

In 2019, legendary Italian design house Zagato celebrates its centenary. For 58 of those hundred years, Aston Martin and Zagato have enjoyed a remarkable creative partnership. One in which these two iconic brands have created some of the world’s most desirable and stimulating cars, from the first DB4 GT Zagato to the latest Vanquish Zagato Shooting Brake.

19 September 2018, Gaydon: In 2019, legendary Italian design house Zagato celebrates its centenary. For 58 of those hundred years, Aston Martin and Zagato have enjoyed a remarkable creative partnership. One in which these two iconic brands have created some of the world’s most desirable and stimulating cars, from the first DB4 GT Zagato to the latest Vanquish Zagato Shooting Brake.
To commemorate this landmark year, Aston Martin and Zagato are continuing their historic partnership with a truly unique collaboration. One that will come to fruition in Zagato’s centenary year with the remarkable DBZ Centenary Collection – a unique project that pays tribute to an icon of the past and creates a classic of the future.
Speaking of the DBZ Zagato Collection, Andy Palmer, Aston Martin’s Chief Executive Officer, added: “The partnership between Aston Martin and Zagato is one of the most fruitful and enduring in the automotive world. With Zagato celebrating its centenary next year, what better way to celebrate this landmark – and the long-standing bond between our two great companies – than creating these 19 pairs of cars. As an engineer I would always say my favourite Aston Martin is the next one, but I have to say I’m struggling to think of a finer two-car garage than this!”
Andrea Zagato, the head of the Milan-based design house, founded by his grandfather in 1919, continued: “Great Britain has always appreciated our work. In particular, I must say I’m honoured and very proud that Aston Martin has chosen to celebrate our long-standing partnership with this unique DBZ Centenary Collection.”
With a build run strictly limited to just 19 pairs, this exceptional duo comprises a new, track-only DB4 GT Zagato Continuation and a new, road-legal DBS GT Zagato. The DB4 GT Zagato will be built at Aston Martin Works, Newport Pagnell – the original home of the DB4 – while the new DBS GT Zagato will be produced at Gaydon, Aston Martin’s global headquarters. Perfectly bookending Aston Martin and Zagato’s shared history, the DBZ Centenary Collection will be sure to take their place amongst the most coveted cars in the world.
Built to race against the might of Ferrari in the 1960’s, the DB4 GT Zagato was a thoroughbred machine. Evolved for the rigours of motor racing and blessed with breath taking beauty, just 19 were built. Drawing on Aston Martin Works’ unrivalled knowledge and expertise the 2019 DB4 GT Zagato Continuations will be completely authentic and meticulously crafted cars that are true to those original Zagato-bodied DB4 GTs produced by Aston Martin and Zagato in 1960.
Now the largest, best equipped and most knowledgeable Aston Martin restoration centre in the world, the invaluable and highly specialist skills nurtured at Aston Martin Works are perfectly suited to Aston Martin’s celebrated Continuation projects. Each of the 19 DB4 GT Zagato Continuation cars will be built to the highest possible quality using a blend of David Brown-era old world craftsmanship, with the sympathetic application of modern engineering advancements and performance enhancements.
Originally built as an evolution of the short-chassis DB4 GT, the DB4 GT Zagato Continuation follows the same recipe, with thin-gauge aluminium body panels, dressing a lightweight tubular frame. To improve the accuracy and consistency of the panels, the continuation car’s bodywork uses state-of-the-art digital scanning technology, before being hand-finished in time-honoured tradition. Beneath the bonnet sits a version of the celebrated Tadek Marek-designed straight-six cylinder engine with two spark plugs per cylinder, transmitting its 380bhp to the rear wheels through a four-speed manual transmission and limited-slip differential, for an authentic and unforgettable driving experience.
Paul Spires, Managing Director at Aston Martin Works, said of the DB4 GT Zagato Continuation: “It has been my pleasure and privilege to oversee many exceptional projects here at Aston Martin Works, but creating nineteen DB4 GT Zagato Continuations as one half of the DBZ Centenary Collection is a truly once-in-a-lifetime opportunity. We will bring all our hand-craftsmanship and expertise to bear in building these nineteen Continuation cars, sympathetically incorporating the very latest engineering advancements and performance enhancements, but remaining true to the purity and authenticity of the original design”.
The second half of the DBZ Centenary Collection is the DBS GT Zagato, which takes Aston Martin’s most potent series production car – the brand new DBS Superleggera – as the starting point for Aston Martin and Zagato’s latest and most exclusive offering.
Created to embody the next evolution in Aston Martin Zagato design language, the exterior of the car will be characterised by a new proportion featuring a fresh interpretation of the iconic double-bubble roof. Together with a striking front grille treatment and a dramatically truncated tail the DBS GT Zagato will present an amplified physique and an unmistakable presence. One that combines classic Zagato hallmarks with spectacular new signatures. Paired to the build run of 19 DB4 GT Zagato Continuations, the DBS GT Zagato will also be the rarest of all the modern-era Aston Martin Zagatos.
Marek Reichman, Aston Martin’s Chief Creative Officer, said: “Aston Martin and Zagato is a uniquely dynamic union. One that unites the former’s love of proportion and clean, simple forms with the latter’s daring and maverick eye. Never afraid to push the boundaries, the partnership has resulted in some fabulous cars. Most recently the quartet of Vanquish Zagatos, which spanned the extremes of design expression with Coupe, Roadster, Speedster and Shooting Brake versions. However, Zagato’s centenary demanded something extra special, and the Zagato Collection is just that: One car that pays tribute to a timeless icon; another that writes a fearless new chapter for future generations to admire.”
The DBZ Century Collection will be priced at £6m plus taxes. First deliveries to customers will commence QTR 4 2019 for the DB4 GT Zagato Continuation and QTR 4 2020 for the DBS GT Zagato.

New limited edition Ferrari Monza SP1 and SP2 models revealed

Ferrari has unveiled two new limited edition vehicles, the Monza SP1 and SP2. They are the first models to be launched under the Italian firm’s new ‘Icona’ line-up, which will celebrate some of Ferrari’s most famous models. • Best supercars currently on sale Both the SP1 and SP2 are a nod to Ferrari’s racing Barchettas… Continue reading New limited edition Ferrari Monza SP1 and SP2 models revealed

Ferrari plans 15 new models, SUV to deliver earnings growth

MARANELLO, Italy (Reuters) – Ferrari (RACE.MI) plans 15 new models, including hybrids, a utility vehicle and special editions in its drive to hit a softened but still exacting mid-term earnings target. The Italian supercar maker on Tuesday shifted to an adjusted core earnings forecast range of 1.8-2.0 billion euros ($2.1-2.3 billion) by 2022, rather than… Continue reading Ferrari plans 15 new models, SUV to deliver earnings growth

Ferrari pre-sells entire new supercar model despite £1m+ price tag

Luxury goods sector Luxury carmaker calls new Monza models the ‘closest driving experience to F1’ Ferrari is banking on selling more limited-edition cars to boost profits. Photograph: Seth Wenig/AP Ferrari has announced a new open-top supercar it describes as “probably the closest and purest driving experience to Formula 1” – and has already pre-sold the… Continue reading Ferrari pre-sells entire new supercar model despite £1m+ price tag