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 confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
2d ago from MotorsportWeek.c...
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
2d ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
2d ago from Motorsport.com
Gresini reveals extent of Alex Marquez's injuries...
Gresini Racing team manager Michele Masini revealed the extent of Alex...
1w ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
1h ago from MotorsportWeek.c...
Scott Dixon capitalizes on Alex Palou’s mistake to...
The beginning of a busy stretch for IndyCar got under way on Sunday, with...
2h ago from MotorsportWeek.c...
Scott Dixon snatches late IndyCar race win from Alex...
No description available...
2h ago from Motorsport.com
Alex Palou chooses to view costly Mid-Ohio mistake as...
Alex Palou was not the winner of Sunday’s IndyCar event from Mid-Ohio,...
29m ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
2d ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
3d ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal put off by 100m demand for priority target,...
According to a report by Sky Germany via GOAL, Arsenal have been put off...
1h ago from SportsKeeda.com
Arsenal unwilling to pay £50m fee demanded by Chelsea...
Arsenal are reportedly not willing to match Chelsea's asking price of £50...
3h ago from SportsKeeda.com
Report: Two Premier League clubs in talks to sign...
Arsenal transfers have been going crazy in the last week, in terms of...
7h ago from FreshArsenal.com
Fabrizio Romano reveals 'secret' Arsenal transfer...
Fabrizio Romano has lifted the lid on 'secret' talks that took place...
9h ago from CaughtOffside.com
Comments
Hottest News
Max Verstappen shocked by 'extreme' Oscar Piastri penalty
Oscar Piastri received a hefty 10-second time... Read More »
5h ago from RacingNews365.com
Piastri: You can’t brake behind a Safety Car anymore
Oscar Piastri was feeling the pain after a... Read More »
1h ago from GrandPrix247.com
F1: Stewards explain Piastri penalty
Silverstone stewards explain why Oscar Piastri... Read More »
4h ago from Pitpass.com
