Skip to content

Ferrari Confirms Plan for Utility Vehicle and Hybrid Sports Cars

  • CEO says plan is not to make a SUV similar to BMW or Bentley
  • New five-year strategy to be presented in first quarter 2018
Video player cover image

Ferrari Said to Plan a Four-Seat Utility Vehicle

Updated on

Ferrari NV confirmed it’s considering an expansion into the utility vehicle business by "reinventing" the segment and plans to boost the range of hybrid sports cars even as the company seeks to maintain an exclusivity status. Details of the new strategy will be unveiled next year.

"It will probably happen but it will happen in Ferrari’s style,” Chief Executive Officer Sergio Marchionne said of the planned utility vehicle on a conference call after Ferrari reported a 24 percent advance in second-quarter profit. "That space is too big and too inviting and we have a lot of our customers who will be more than willing to drive a Ferrari-branded vehicle that has that king of utilitarian objective."