MILAN, April 14 (Reuters) – Ferrari (RACE.MI) has a document order guide for its fashions spanning into subsequent yr, Chairman John Elkann informed the sports activities automobile maker’s shareholders on Friday.
Elkann stated the Italian firm’s two newest fashions, the 296 GTS plug-in hybrid automobile and the Purosangue four-seater had boosted its product portfolio, “delivering a document variety of orders effectively into 2024”.
Ferrari has promised a complete of 15 new fashions between 2023 and 2026, together with its first full-electric automobile, which Elkann reiterated on Friday is predicted in 2025.
The corporate has stated that, whereas pursuing electrification, inner combustion engine (ICE) automobiles will nonetheless be a part of its vary for some years.
Chief Govt Benedetto Vigna final month welcomed the European Union’s plans to permit manufacturing of automobiles operating on e-fuels past a proper 2035 deadline to finish ICE automobile manufacturing, saying e-fuels would prolong the lifetime of combustion engines.
Vigna returned to the theme throughout Ferrari’s shareholders assembly on Friday.
“ICE nonetheless have loads to provide, and because of their larger power effectivity and e-fuels, along with companions, we’ll develop options that may contribute meaningfully to decreased CO2 emissions,” he stated.
Vigna stated Ferrari would leverage on “chosen partnerships” for its industrial and innovation technique, whereas retaining in-house the event and manufacturing of core elements “corresponding to the electrical engine, the battery pack and the inverters”.
Buyers in Ferrari, which is managed by Italy’s Agnelli household by means of its funding firm Exor (EXOR.AS), on Friday additionally permitted a high administration remuneration package deal for final yr.
Whole remuneration for Vigna amounted to round 5 million euros ($5.5 million) for 2022, his first full yr on the helm of the corporate. The determine consists of round a million euros in share-based long-term incentives.
($1 = 0.9044 euros)
Reporting by Giulio Piovaccari, modifying by Gavin Jones
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