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Tag: Ferrari

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Ferrari CEO defends €550,000 price tag on first electric car

Ferrari CEO Benedetto Vigna on Thursday defended the 550,000-euro (about $640,000) price tag of the luxury carmaker’s first fully electric vehicle, saying the model has attracted strong interest from customers, including a new wave of ultra-wealthy buyers. The Luce, unveiled on Monday, triggered a negative market response, with Ferrari’s Milan-listed shares dropping 8 per cent […]

Business

Ferrari unveils first fully electric vehicle ‘Luce’ 

Italian luxury carmaker Ferrari this week unveiled its first fully electric vehicle to reporters in Rome, Italy, a four-door, five-seater model named “Luce,” developed in collaboration with former Apple design chief Jony Ive and his creative collective LoveFrom. The first Luce models, whose name means “light” in Italian, are expected to begin deliveries in the […]

Ferrari approves crypto payments
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Ferrari approves crypto payments

Following requests from its wealthy clientele, Ferrari has begun accepting cryptocurrency payments for its high-end sports cars in the United States and will soon expand the payment option to Europe. Since Bitcoin and other cryptocurrencies are too volatile for use in trade, the vast majority of blue-chip firms have shied away from them. The use […]

Iconic Italian sports car maker, Ferrari, has reported a 27% increase in Q1 core earnings, surpassing expectations
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Ferrari earnings rise 27%, orders booked until 2025

Iconic Italian sports car maker, Ferrari, has reported a 27% increase in Q1 core earnings, surpassing expectations and indicating a strong demand for luxury vehicles that are expected to last until at least 2025. CEO Benedetto Vigna stated that the company’s order book is already extending into 2025, thanks to the success of the award-winning […]

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