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Ferrari: future projects for the car manufacturer

Ferrari: future projects for the car manufacturer

This week, Ferrari has unveiled a number of changes and plans: the Italian carmaker’s boss announced on Friday the launch of its first 100% electric vehicle in 2025. He also said that the list of candidates for the position of CEO was growing rapidly, and finally, shareholders approved a dividend of 0.867 euros per share.

 

Ferrari boss John Elknann confirmed at an investor conference that the first electric Ferrari would be “everything you could dream of” from Maranello’s engineers and designers, and that it would see the light of day in 2025.

 

Former boss Louis Camilleri had said in 2019 that the first electric Ferrari would not see the light of day “until after 2025”, in order to wait for advances in batteries.

 

Indeed, although Ferrari already produces hybrid vehicles, it has often expressed doubts about the possibility of producing a 100% electric car. “Many of our customers find it hard to imagine a real all-electric Ferrari,” said Louis Camilleri.

 

Last year, he even told analysts that total electrification was impossible, because, according to him, the powerful engines of the brand’s big cars could no longer express their full potential without thermal energy.

 

Those days seem to be over. “We will continue to pursue our electrification strategy in a very disciplined way,” John Elkann told Ferrari’s annual general meeting. “This transition is a huge opportunity to bring the uniqueness and passion of Ferrari to new generations. “

 

“Good progress” on the CEO list

 

Chairman John Elkann told shareholders at a general meeting on Thursday that Ferrari is making good progress on a list of “very strong” candidates to be the next chief executive of the Italian luxury carmaker.

 

Elkann said the list would include people who have “all the right qualities, including, importantly, the technological capabilities, to lead our company.”

 

“The new CEO and management team will share with you Ferrari’s exciting future at our (Financial Markets Day) in 2022, which will also be a year of important new product launches and in particular the Purosangue which is proving to be something really special.”

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Ferrari also announced at the same time that its shareholders passed all the resolutions presented at the General Meeting.

 

In particular, shareholders approved the proposed dividend of €0.867 per share for the 2020 financial year.

 

In addition, John Elkann was re-elected as executive director while Piero Ferrari, Delphine Arnault, Francesca Bellettini, Eduardo H. Cue, Sergio Duca, John Galantic, Maria Patrizia Grieco and Adam Keswick were re-elected as non-executive directors of Ferrari.

 

Read also > LUXURY CAR : DAIMLER ACCELERATES ELECTRIFICATION THANKS TO STRONG START TO THE YEAR

Featured Photo : © Ferrari

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