About Ferrari

Ferrari is a world-renowned Italian luxury sports car manufacturer, famous for its iconic prancing horse emblem, high-performance vehicles, and deep roots in motorsport, especially Formula 1. Founded in 1947 by Enzo Ferrari, the company quickly gained a reputation for producing some of the most beautiful and powerful automobiles, combining cutting-edge engineering with Italian design excellence[4][7]. Historically, Ferrari established itself through early racing successes, such as wins at the 24 Hours of Le Mans in 1949 and the Carrera Panamericana in 1951, which cemented its status among elites globally. Its product line evolved from V12 front-engine cars to incorporating mid-engine layouts and smaller V6 and V8 engines, exemplified by landmark models like the Dino 206 GT and 365 GTB/4 in the 1960s, broadening its appeal while maintaining performance and exclusivity[4]. In recent years, Ferrari has balanced its rich heritage with innovation and sustainable growth. Between 2015 and 2024, it more than doubled its revenues, driven by a strong product portfolio and expanding into new markets and customer segments. The company is transitioning toward electrification while preserving its performance legacy, with plans to launch its first fully electric vehicle in 2025 and targeting a mix of 55% hybrid, 40% internal combustion, and 5% electric models by 2026. By 2030, Ferrari expects 40% of new cars to be fully electric, emphasizing handcrafted electric powertrains developed in Maranello to maintain the brand's distinctive driving experience[1][3][4]. Financially, Ferrari remains robust, with 2025 guidance upgraded to exceed 2026 profitability targets early, projecting revenues near €9 billion and EBITDA of at least €3.6 billion by 2030. The company has committed to significant R&D investments (~€4.7 billion) focusing on next-generatio

Latest right now for Ferrari