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The only Ferrari dealership in Michigan showed off a $5 million expansion when it opened for business Monday inside a 53,000-square-foot store in the Detroit suburbs.
Ferrari reported a 13 percent rise in first-quarter adjusted core earnings, helped by higher sales of its 12-cylinder models.
Ferrari Chairman Sergio Marchionne says the supercar brand will not launch a full-electric car until after its next business plan ends in 2022.
Ferrari aims to double core earnings no later than 2022 and become debt free by 2021. The automaker reported an 18 percent rise in 2017 adjusted earnings.
Ferrari is likely to introduce a lightweight, track-focused version of the 488 supercar at the Geneva auto show in March.
Ferrari will make a battery-powered supercar to challenge Tesla Inc. at the high end of the electric-auto market, CEO Sergio Marchionne said.
A roundup of brands, from Acura to Ford, that will unveil new product at the Detroit auto show.
Ferrari plans to boost production by doubling assembly shifts to two a day in 2018 as deliveries are on pace to reach its 9,000-vehicle target a year earlier than scheduled, a source told Bloomberg.
Ferrari threatened to quit Formula One racing if the circuit's new owner, Liberty Media, goes ahead with a plan for substantial changes to engine rules.
Ferrari said its Q3 earnings rose 13 percent to 266 million euros ($310 million), helped by sales of its 12-cylinder models such as the GTC4Lusso and LaFerrari Aperta.
Sergio Marchionne confirmed speculation that Ferrari will make its first SUV while tamping down rumors that Fiat Chrysler Automobiles may part ways with Jeep.
Once confined to the mundane world of Priuses and Volts, electrification is bringing sexy back, seeping into the highest echelons of the automotive stratosphere.
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