Ferrari to Stick With F1 as CEO Says Racing Drives Innovation

Ferarri CEO Benedetto Vigna says the luxury automaker’s new next-generation powerplant factory “will be ready in June 2024,” with plans to unveil its first fully electric model in the fourth quarter of 2025. He speaks with Tommaso Ebhardt at Bloomberg’s Italy Capital Markets Forum on Monday.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Daniele Lepido

June 6, 2023 at 8:07 AM UTC

Ferrari NV isn’t giving up on auto racing. Even after another disappointing season on the Formula 1 circuit, the supercar maker says it will continue to pour resources into the sport.

“A lot of technologies can go from the track to the road,” Chief Executive Officer Benedetto Vigna said Monday in an interview at Bloomberg’s Italy Capital Markets Forum. That will drive the Maranello, Italy-based producer to continue investing in racing, he said.