Ferrari boosts earnings as wealthy pay more; Purosangue orders reopened

Ferrari Purosangue test 2023 — The Purosangue, shown, looks more like an SUV than Ferrari's traditional sports cars.

By:

Reuters

May 04, 2023 12:20 PM

MILAN -- Ferrari said its core earnings rose 27 percent to 537 million euros ($594 million) in the first quarter as the automaker raises prices for its vehicles and starts deliveries of its Purosangue crossover-style model.

Featured Stories

Top 100 dealership groups grow used-vehicle sales by game-planning, adding stores

Tariffs dent global auto production outlook, new analysis finds

Here’s our list of the 2025 top 100 dealership groups in used-vehicle sales

Nissan tells dealers no price hikes until June amid tariff ‘storm’

Latest News

Chevrolet Blazer EV leans into electric propulsion to become fastest-ever SS

Automakers turn to experiential marketing to sell EVs in wake of diminishing rebates

Tariffs dent global auto production outlook, new analysis finds

Nissan sues N.J. dealership for more than $3.4 million, permission to repossess unsold vehicles

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Porsche Experience Centre to open in Toronto in June

Scout hires former Bentley exec as COO, names new production boss

European sales up 3% in March, as EVs, plug-in hybrids and Chinese brands surge

Interactive data dashboard: Get the latest Europe sales and other key statistics

Staying current is easy with newsletters delivered straight to your inbox.