
-
Argentina gives Boca Juniors manager Russo emotional stadium send-off
-
French guillotine abolitionist enters Pantheon
-
Amoura scores twice as Algeria qualify for 2026 World Cup
-
Trump eyes Egypt trip, says hostages to be freed early next week
-
An urgent note, a whisper -- and a Gaza deal long sought by Trump
-
Police clash with protesters as thousands rally in Madagascar
-
Police clash with protesters as thousands rally in Madgascar
-
Serbia faces 'extremely serious' impacts as sanctions hit oil firm
-
Rediscovered painting shows madam of notorious Nazi brothel
-
Grave of French guillotine abolitionist defaced before Pantheon ceremony
-
At German auto crisis meet, Merz vows to fight EU gas guzzler ban
-
Italian athlete gets three-year ban for spying on Olympic champion Jacobs
-
French court ups jail term for man in Pelicot rape case appeal
-
Rabiot backed by French players' union in row over Serie A match abroad
-
Hungary's 'master of the apocalypse' Krasznahorkai wins literature Nobel
-
Israel says 'all parties' signed phase one of Gaza deal
-
Nepal's youth vow to keep up pressure, one month after unrest
-
Princess Kate hails role of 'human connection' in children's development
-
'Concerned' Djokovic to meet 204th-ranked Vacherot in Shanghai semis
-
Israel PT cycling team to miss Lombardy Tour by 'mutual agreement': organisers
-
Nepal welcomes Gaza ceasefire deal, calls for citizen's release
-
Ukraine's Zelensky says Russia seeking 'chaos' with new energy strikes
-
Police meet fresh 1,000-strong protest in Madagascar with tear gas
-
Sabalenka, with help from Djokovic, and Swiatek reach Wuhan quarters
-
Myanmar junta says it targeted rebels in deadly attack on protest
-
Home comforts beckon as under-fire Wirtz returns to Germany duty
-
Silver price hits decades high as gold rush eases
-
Laszlo Krasznahorkai: Hungary's 'master of apocalypse'
-
Ferrari goes electric with four-seat coupe but shares get shocked
-
Monaco sack coach Hutter, line up Pocognoli: sources
-
500 US troops deploy in Chicago ahead of court hearing
-
Djokovic to meet 204th-ranked Vacherot in Shanghai Masters semi-final
-
UK-Balkans meet targets people-smuggling, Russian disinformation
-
Guillotine abolitionist Robert Badinter to enter France's Pantheon
-
Top conservation group meets in UAE on growing threats to nature
-
EU to probe alleged Hungarian spying
-
Mbappe 'relaxed' and ready to play in France's World Cup qualifiers
-
Hungary's Krasznahorkai, 'master of the apocalypse' wins literature Nobel
-
Danish wind giant Orsted to cut workforce by a quarter
-
Pope hails role of news agencies in 'post-truth', AI world
-
EU chief survives confidence votes in fractious parliament
-
Michelin Guide gets an appetite beyond restaurants
-
Hungary's Laszlo Krasznahorkai wins Nobel literature prize
-
Shein's Paris store kicks up a storm in France
-
Markets diverge tracking AI concerns, Gaza deal
-
Pope Leo puts poor, marginalised centre stage in first major text
-
French cycling sprinter Demare announces retirement
-
'They're coming back': Israelis await return of Gaza hostages
-
World no. 204 Vacherot stuns Rune to reach Shanghai semi-finals
-
India's Gill out to avoid 'mental fatigue' from constant cricket
RYCEF | 0.84% | 15.53 | $ | |
RBGPF | -1.86% | 75.73 | $ | |
CMSC | -0.04% | 23.7 | $ | |
NGG | -0.41% | 73.31 | $ | |
RIO | -1.23% | 66.88 | $ | |
VOD | 0.04% | 11.275 | $ | |
RELX | -1.58% | 45.125 | $ | |
SCS | -1.42% | 16.555 | $ | |
CMSD | -0.45% | 24.22 | $ | |
BCC | -3.33% | 73.96 | $ | |
BCE | 0.98% | 23.46 | $ | |
BTI | -0.7% | 51.24 | $ | |
JRI | -0.97% | 13.985 | $ | |
GSK | 0.24% | 43.455 | $ | |
AZN | -0.01% | 85.37 | $ | |
BP | -0.49% | 34.353 | $ |

Ferrari goes electric with four-seat coupe but shares get shocked
Ferrari will begin its cautious shift to electric vehicles in 2026 with its first battery-powered four-seat coupe, but shares plummeted Thursday over a long-term profit outlook that fell short.
Shares of Ferrari fell by as much as 16 percent Thursday on the Milan stock market, as the luxury carmaker spelled out profit and revenue expectations for 2030 that disappointed investors.
The luxury brand with the prancing horse logo presented details of its first electric sports car, to be released next year, during a presentation to investors and media at its Maranello factory, even while revealing it would scale back its electrification plans.
The four-seat coupe, "Elettrica," will offer over 1,000 horsepower and have a range of 530 kilometres (329 miles).
Ferrari -- which sold fewer than 14,000 cars last year -- "must manage scarcity" to succeed, Ferrari CEO Benedetto Vigna told investors.
With rising prices, many different models, and a waiting list ideally ranging from 20 to 24 months, "we have to be sure that there aren't too many cars on the road," he said.
Although Ferrari slightly boosted its 2025 guidance for revenue, margins and adjusted earnings per share, investors were disappointed by a longer-term outlook.
Ferrari predicted revenue to grow by five percent per year to reach 9.0 billion euros in 2030, with an adjusted operating profit of 2.75 billion euros.
RBC Capital Markets analyst Tom Narayan wrote in a note that Ferrari's forecasts were below analysts' expectations, while investors "are likely to interpret a downshift in EBIT growth (earnings before interest and taxes) from prior history".
- Caution in slowdown -
No price for the Elettrica was disclosed, but analysts say Ferrari will need to carefully position it in relation to the nearly 500,000 euros ($580,500) base price of its Purosangue SUV.
Ferrari already sells nearly half of its cars in hybrid versions, but until now has not made the shift to electric, which comes several years after Porsche, Lamborghini, Lotus, and the very fast Rimac.
Reflecting the current slowdown in the automotive industry's transition to electric, Ferrari's shift will be even more cautious than had been expected.
Electric models will account for only 20 percent of Ferrari's offering in 2030, compared with the 40 percent announced previously, with combustion engine models continuing to dominate.
- Amplified sound -
Ferrari's management unveiled the car's architecture on Wednesday evening, with a very low driving position in a recycled aluminium chassis with a large motor on each of the four wheels.
As expected, the Elettrica promises to be fast, going from zero to 100 kilometres per hour in 2.5 seconds with a maximum speed of 310 km/h.
The classic Ferrari shift paddles on the steering wheel will be used on the Elettrica to opt between a smooth or sporty driving style, modulating the power of the motors and the suspension control.
In a homage to large gasoline engines, the Elettrica offers a simulated downshift, while the purr of the traditional engines will be replaced with an amplified sound from the electric motor to signal information about the feel of the road to the driver, said Gianmaria Fulgenzi, Ferrari's product director.
"It's like choosing between a sailboat and a motorboat: both are exciting but in different ways," he said.
The brand has taken on the costly development of most of the technical innovations, particularly the integrated battery pack -- one of the only components it will not manufacture itself -- "because keeping that expert knowledge in-house means we can stay competitive", he said.
The Elettrica is equipped with a huge 122 kWh battery, bringing its weight to 2.3 tonnes -- the heaviest Ferrari ever built.
P.Silva--AMWN