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Europe’s economic problems sees UK become biggest Ferrari market in Europe
Fri, 02 Aug 2013The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.
Alan Mulally joins ‘Innovation power panel’ Keynote at CES
Wed, 11 Jan 2012An ‘Innovation Power Panel' Keynote was the highlight of the second full morning of the 2012 Consumer Electronics Show (CES) in Las Vegas. Underlining the importance of this event to the automotive industry, and the importance and weight the automotive field now carries in the consumer electronics sphere, Alan Mulally – President and CEO of Ford motor company – was part of a three-person panel exploring how companies innovate, cope with failure and the relentless pace of change in the electronics world. Mulally was joined by Ursula Burns, Chairman and CEO of Xerox Corporation and John Stratto, Enterprise Executive at Verizon, the US telecoms company.
Ferrari LaFerrari lands in China: Shanghai Motor Show
Wed, 24 Apr 2013Ferrari’s hybrid supercar was as eagerly received as it was in Geneva, with a sea of photographers, press and visitors thronging to get a glimpse of what is undeniably an impressive ‘F70′ from Ferrari. But looking good is perhaps the second ‘must have’ for a supercar – especially one that replaces the Enzo – and LaFerrari looks to deliver on the number one priority for most supercar buyers - performance. With 798bhp from its naturally aspirated V12 and an extra 161bhp from its electric motor, LaFerrari promises a dose of green credentials – important, to a degree, on China’s polluted roads – to go with its performance and handling, performance that can see the car it get to 62mph in under 3 seconds and on to a 186mph in an even more impressive 15.5 seconds.