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Ferrari profits rise 46 percent in 2018

MILAN — Italian luxury sports car maker Ferrari says profits last year rose 46 percent, driven by a surge in V12 sales and vehicle personalization. Ferrari on Thursday reported 2018 net profit of 787 million euros ($904 million), up from 537 million euros the previous year. Shipments rose 10 percent to 9,251 vehicles, while net revenues were flat at 3.4 billion euros. Ferrari set a forecast for 3-percent revenue growth to over 3.5 billion euros. It did not provide a shipment forecast. Sales of 12-cylinder models surged 20 percent, led by the 812 Superfast, while sales of 8-cylinder models rose 8 percent. Sales rose across the globe, with double-digit increases posted in Europe and greater China. The carmaker said fourth-quarter profits rose 40 percent to 191 million euros.Related Video:

Ferrari, Mercedes selling cars with faulty Takata airbags

According to the US Senate, a small group of automakers are still selling new cars with faulty Takata airbags. Automotive News reports that Ferrari's entire lineup and various Mercedes-Benz vehicles come with faulty airbags and are subject to being recalled by the end of 2018. US Senator Bill Nelson, (D-FL), claims the affected Ferrari models include: the 2016 to 2017 FF, California T, F12 Berlinetta, F12 TdF, 488 GTB, 488 Spider, and GTC4 Lusso. Mercedes-Benz is also in the mix with the 2016 Sprinter and 2016 to 2017 E-Class Coupe and Convertible. Automotive News reports that both Ferrari and Mercedes-Benz will require its dealers to notify buyers of a recall in the vehicles' future. The National Highway traffic Safety Administration claims the vehicles are legal to be sold, as the airbags are safe until exposed to high humidity for a significant period of time. With the majority of Ferrari drivers storing their vehicles in temperature-controlled garages, this shouldn't be troubling news. What is troubling, however, is that seven out of 17 automakers that Senator Nelson contacted admitted to putting defective Takata airbags into its new cars. Volkswagen, Fiat Chrysler Automobiles, and Toyota are a few automakers that still use Takata's faulty airbags. All have agreed to notify buyers of future recalls. Related Video: News Source: Automotive News-sub.req.Image Credit: Copyright 2015 Lorenzo Marcinno / AOL Government/Legal Recalls Ferrari Mercedes-Benz ferrari ff ferrari f12 berlinetta ferrari 488 gtb ferrari california t ferrari f12 tdf ferrari 488 spider ferrari gtc4 lusso

Watch a vintage Ferrari racing engine shoot blue flames on a dyno

It is exactly the kind of winter Tuesday that absolutely requires a three-liter Ferrari flat-12 screaming at almost 10,000 rpm. In case you have been looking for such footage, you are in luck: here is about a minute's worth of a Ferrari racing engine liberated from its chassis, revving its guts out. There are blue flames and wonderful sounds – it's perfect. The dyno numbers in the end show the 312B2 reaching 365 horsepower, and BangShift notes that it's most likely an endurance engine build, engineered to withstand use for a lot longer than the 1970s F1 races lasted. As the engine builder, Carobu Engineering says, it is "a standard rebuild on an existing engine platform with no additional modifications for power. The primary consideration was reliability and clean running. While not the most powerful vintage F1 engine, it has been very reliable and smooth." Carobu's video commentary also says that the engine was originally received with broken timing gears when they first rebuilt it years ago. The first build produced 289 horsepower at 9000 rpm, and the second rebuild made 365 horsepower at 9800 rpm thanks to improved injection system tuning and ignition optimization. Related Video: News Source: Carobu Engineering via BangShift, JalopnikImage Credit: Carobu Engineering Beijing Motor Show Ferrari Racing Vehicles Videos ferrari f1