{"id":289951,"date":"2025-10-09T18:59:12","date_gmt":"2025-10-09T18:59:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/289951\/"},"modified":"2025-10-09T18:59:12","modified_gmt":"2025-10-09T18:59:12","slug":"ferrari-reveals-features-of-first-fully-electric-vehicle-but-its-financial-outlook-mars-the-debut","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/289951\/","title":{"rendered":"Ferrari reveals features of first fully electric vehicle, but its financial outlook mars the debut"},"content":{"rendered":"

MILAN (AP) \u2014 Italian luxury sports carmaker Ferrari<\/a> raised its 2025 guidance on Thursday in the face of global 15% tariffs on foreign car imports to the United States as the company unveiled the new powertrain and chassis of its first fully electric production vehicle. <\/p>\n

Yet the debut of its electric vehicle was marred by the company\u2019s worst trading day since going public in 2016. Industry analysts had expected much greater long-term growth and shares plunged 15% on the Milan Stock Exchange and about the same on the New York Stock Exchange. <\/p>\n

Ferrari CEO Benedetto Vigna declined to give target production numbers or a price for the Ferrari Elettrica, which will be delivered beginning late next year, with the design to be revealed in the spring.<\/p>\n

Under the carmaker\u2019s new five-year plan, 40% of the product lineup will be the brand\u2019s core internal combustion engines, 40% will be hybrid and 20% will be electric by 2030<\/a>, with an average of four new launches a year in the period. The new business plan calls for more models with lower volumes of each.<\/p>\n

That signals a sharp reduction in the number of fully electric vehicles the company said it would build just a few yeas ago. In 2022, Ferrari said 40% of its lineup would be electric. <\/p>\n

Other luxury automakers have scaled back plans for electric vehicle production to match demand. <\/p>\n

The fully electric vehicle Ferrari Elettrica represents a new segment that Vigna said would bring new buyers to Ferrari. It builds on 15 years of electrification research at Ferrari, starting with Formula 1 technology that was first incorporated into the limited edition La Ferrari hybrid supercar that debuted in 2013. <\/p>\n

To maintain the sports car feel and emotions integral to the Ferrari experience, the Elettrica will capture powertrain vibration through accelerometers on the rear axle that will be amplified to create a sports car roar. Drivers also can select five power levels using steering panels to create the sensation of continuous acceleration.<\/p>\n

Ferrari also is manufacturing most critical components internally, including the battery system and software. The chassis and body shell will be made out of 75% recycled aluminum, saving 6.7 tons of carbon dioxide per vehicle.<\/p>\n

Ferrari said that revenues this year would top 7.1 billion euros ($8.2 billion), up from more than 7 billion euros in the previous guideline. Ferrari also targets earnings before interest, taxes, depreciation and amortization, or EBITDA, of 2.7 billion euros with a margin of more than 38.3%.<\/p>\n

Presenting its five-year plan, the Formula 1 racing team and sports carmaker that has expanded into luxury goods is projecting net revenues of 9 billion euros by 2030 with and EBITDA of at least 3.6 billion euros on 40% margins.<\/p>\n

Citi analyst Harald Hendrikse said the outlook fell below even \u201clower growth\u201d estimates and said the projections reflect a conservative outlook from Ferrari. <\/p>\n","protected":false},"excerpt":{"rendered":"MILAN (AP) \u2014 Italian luxury sports carmaker Ferrari raised its 2025 guidance on Thursday in the face of…\n","protected":false},"author":3,"featured_media":289952,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[29553,148789,64,20855,10109,10106,4489,86048,439,28016,57,148790,59,13790,2219,70415,405,16618,158,29736,67,132,68,107],"class_list":{"0":"post-289951","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-auto-industry","9":"tag-benedetto-vigna","10":"tag-business","11":"tag-citigroup","12":"tag-climate","13":"tag-climate-and-environment","14":"tag-electric-vehicles","15":"tag-ferrari-nv","16":"tag-financial-markets","17":"tag-financial-performance","18":"tag-general-news","19":"tag-harald-hendrikse","20":"tag-inc","21":"tag-international-trade","22":"tag-italy","23":"tag-milan","24":"tag-new-york","25":"tag-tariffs-and-global-trade","26":"tag-technology","27":"tag-transportation-technology","28":"tag-united-states","29":"tag-unitedstates","30":"tag-us","31":"tag-world-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115345749721095577","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/289951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=289951"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/289951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/289952"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=289951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=289951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=289951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}