New Ferrari puts F1 power in a road car

Ferrari says it has sold out its first year of production of the 740-hp F12 Berlinetta. Deliveries of the 274,400-euro supercar started in Europe this month.

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Ferrari's latest supercar gives customers as much power as a Formula One driver.

"The F12 Berlinetta delivers 740 hp," Ferrari Chairman Luca Cordero di Montezemolo told Automotive News Europe," and today's Formula One cars have between 740 hp and 750 hp. Thus we are offering F1 power in a road car."

That kind of power combined with an 800-unit-per-year production run has caused a wait time of nine months to a year for the F12, which costs 274,000 in Italy or about 371 euros per horsepower.

Ferrari started European deliveries of the F12 this month, completing a three-year renewal of Ferrari's lineup that is paying high dividends.

"From the latest data I've seen, we are on track to make this year another record year," Montezemolo said in an interview last month.

Last year was Ferrari best ever with 7,195 supercar sales and a 321 million euro operating profit, equivalent to a 14 percent operating margin.

You can reach Luca Ciferri at lciferri@crain.com.

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