News Details
Ferrari pushes back profit goal amid pandemic
Ferrari pushed back its profit target for next year after delaying investments and some deliveries in the pandemic but stuck to its timetable for a first electric car by 2025. The luxury carmaker famed for its ‘Cavallino Rampante', or ‘Prancing Horse‘, badge had predicted adjusted core earnings of 1.8-2.0 billion euros ($2.2-$2.4 billion) in 2022. But on Tuesday, the Italian company said it was postponing that target to 2023 because of the pandemic, even though it expects results to grow this year and next. 'We expect the prudent steps we took in 2020 and are continuing in 2021 to adjust our expenditure in response to the COVID-19 emergency will postpone by one year the...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Briatore tired of Ferrari's goal always being 'next...
After a dismal 2020, Ferrari's fortunes are looking up this year, but...
4y ago from F1i.com
Brawn: Verstappen 'mindset' changed amid title...
Ross Brawn believes Red Bull's potentially title-winning car has incited...
4y ago from F1i.com
2021 Brazil GP situation ‘difficult' –...
May 1 The current version of Formula 1's 2021 calendar should suffer no...
4y ago from OneStopStrategy.com
Schumacher evaluates opening race: 'That was my goal'
For the first time in years, a Schumacher is back in Formula 1. With Mick...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Honda completes another test with 2027 bike as Ducati...
No description available...
12h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
15h ago from Motorsport.com
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
1d ago from Motorsport.com
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
12h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
18h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta gives intriguing response to question...
Arsenal manager Mikel Arteta has spoken out on the reported addition...
7h ago from CaughtOffside.com
White Unlikely To Depart But Will Arsenal Strengthen...
With us now a few weeks into the New Year, the January transfer window has...
10h ago from FreshArsenal.com
Premier League news: Arteta plays down Rice’s tunnel...
No description available...
11h ago from TheGuardian.com
Chelsea rival Arsenal & Man Utd for 30m wonderkid...
Chelsea are ready to rival the likes of Arsenal and Manchester United for...
18h ago from CaughtOffside.com
Comments
Hottest News
McLaren eager for validation after striking Red Bull F1...
McLaren is hoping a crucial 2025 decision will... Read More »
1h ago from RacingNews365.com
Cadillac completes 'emotional' shakedown at Silverstone
As the countdown to pre-season testing... Read More »
9h ago from MotorsportWeek.com
Red Bull 'on the limit' of F1 rules after Mercedes 'trick...
Red Bull's power unit boss Ben Hodgkinson has... Read More »
18h ago from RacingNews365.com
