Ferrari does not need to buy other supercar makers, CEO says

Ferrari has no plans to purchase other sports-car makers, the company's CEO Benedetto Vigna said on Monday.

"I do not think it makes sense for us to buy other supercar makers," Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by the Italian company.

"Ferrari is a high luxury (company) with technology playing an important role," he added, reiterating that its strategy relied more on partnerships and stressing the importance for luxury companies to maintain their so-called DNA.

Vigna said Ferrari would finish building a new assembly facility, its "e-building," in its hometown of Maranello next June.

"It will be ready exactly two years after our capital market day, when the site construction was started," he said.

The CEO said Ferrari would not only be making full-electric cars on the new assembly line.

"We want to retain great flexibility," he said.