Ferrari’s Portofino Has More Power, 8-speed Gearbox, Costs 4% More. “Ferrari has struggled from coronavirus, but not as badly as mainstream auto makers” Ferrari unveiled its new Portofino M, a convertible sports car which boasts a 612-hp turbo-charged 3.9 liter V8 motor, and an 8-speed gearbox. The previous Portofino made do with 592 hp and […]
Ferrari Shrugs Off Coronavirus: Electric Cars, SUVs Could Transform Future. “In many ways 2020 earnings do not matter, only the magnitude of the rebound in 2021” Some investors think Italian luxury sports-car maker Ferrari might be losing its allure, while others see long-term sales bounding ahead as it rides the electric car wave and embraces […]
Ferrari Profit Eases, As Mainstream Autos Skid Off The Track. “Our negativity is more related to future orders than 2020 disruption” Things must be really bad in the coronavirus-weakened world economy. The super-rich are apparently hesitating for a second or two before deciding to splurge between $180,000 and $450,000 on a new Ferrari. That’s the […]
Ferrari Hiccup In 2020, Before Blasting Back Into The Fast Lane. “we do not expect the business to escape completely unscathed” Amid the debris of the global automotive industry, Italian luxury sports-car maker Ferrari is expected to race on confidently after swerving past relatively minor obstacles. The mainstream European auto industry is on its knees, […]
No Stopping Ferrari Profit Acceleration. “We continue to worry about the supercar market and residuals – but the business just keeps performing,” The cliché used to justify the massive costs of Formula 1 Grand Prix racing used to be – Win on Sunday, Sell on Monday, but Ferrari is proving that no longer holds true. […]
Ferrari Profits Race, But Investors Worry About Brand Damage. “Ferrari’s long term earnings power is under-appreciated given significant pricing power, under-penetrated markets and upside to volumes” Investors in normal, run-of-the-mill car manufacturers would be hard pressed to find anything negative to say about results which showed revenues up 13% and profits growing even faster. But […]
Ferrari Reports Higher Profits, Raises Target For The Year. “At some point, perhaps one of Ferrari’s core models will fall short. But until that (distant?) day, the music will play on” Italian luxury sports-car maker Ferrari reported strong financial results and investors, despite having misgivings about a car company with a high, luxury-sector share value, […]
Ferrari Stock Price Slips As Profit Increase Fails To Excite. “Does Ferrari even need the Portofino?” Italian luxury sports carmaker Ferrari reported improved profits in its 3rd quarter but the rate of progress was not spectacular enough for some and the stock price slid nearly 3 per cent on the day of the announcement. Profits […]
Ferrari Profit Plan Soothes Investors, But Electric Doubted. “An aggressive push towards electrification helps de-risk the long term strategic plan. Targeting 60% of mix with hybrid will improve performance while addressing regulations. Italian luxury sports carmaker Ferrari impressed investors with its short-term plans, but it will have to do more to embrace electric power if […]
Ferrari Must Embrace Electric Power To Ensure Future. “To be clear, we think Ferrari cannot avoid moving substantially 100% of its product to pure EV (electric vehicle) form over time” Ferrari’s future will be determined at a meeting next week and investors hope the Italian luxury supercar maker will horrify traditionalists by embracing electric power, […]
