Cars & Bikes
Ferrari Wants ‘Utility Vehicle’ in a Plan to Double Profit
- Carmaker looks to introduce model roomier than its GTC4Lusso
- Hybrids to help Ferrari expand annual deliveries beyond 10,000
Ferrari Said to Plan Introduction of Roomier Vehicle
Ferrari NV is considering adding a roomy four-seat “utility vehicle” as part of a major expansion push beyond its traditional supercar niche in a bid to double profit by 2022, people familiar with the matter said.
The final five-year plan under Chief Executive Officer Sergio Marchionne, who’s set to retire in 2021, will target boosting annual deliveries beyond a self-imposed limit of 10,000 cars, which allows the company to operate with less-stringent fuel-economy rules, said the people, who asked not to be identified because the matter is private.