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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 488 Pista Spider drops its top in the sun at Pebble Beach

Ferrari, as Ferrari does, has been moving fast. In the space of just five months, we were introduced to the new Ferrari 488 Pista at the Geneva Motor Show, had the chance to drive a Pista prototype and then a production version of the $345,300 supercar, and finally we were tantalized by the mere-mortals-can't-have it Pista Piloti Ferrari. Now Ferrari has its latest Special Series variant at Pebble Beach, the Ferrari 488 Pista Spider concept. Ferrari says it is the 50th convertible in company history and has the lowest weight-power ratio yet in a droptop at 1.92 kg/cv (or about 4.22 pounds per horsepower). That equation is helped in no small part by 710 horsepower, driving a car with a dry weight of just 3,036 pounds — it's that slight if you've checked all the boxes for lightweighting options, that is. That's about 200 pounds more than the coupe, but Ferrari says this car still does 0-to-62 in 2.85 seconds and has the same 211 mph top speed. Ferrari says it maintained the aerodynamics of the coupe, and the convertible also shares the coupe's lightweighting from gobs of carbon fiber and simplification. The driver's door handle is a mere strap. This species of Spider can be identified by a central stripe down its back, which, Ferrari says in its announcement, "recalls the movement of the airflow and exalts the lines of the car." The blue stripes over a white body also happen to be traditional racing colors of the United States, another nod to the car's debut site and America's love of convertibles. Assisting the car's at-the-limits driving dynamics is a new lateral control system called the Ferrari Dynamic Enhancer. The Spider has 20-inch diamond-finish alloy wheels with berlinetta rims, though you can opt for one-piece carbon-fiber wheels offering a 20 percent weight reduction. No mention of whether the 488 Pista Spider will enter production, but Ferrari notes the popularity of its droptops in the U.S., so we're going to assume it's happening. And if Lamborghini can do a droptop version of its hardcore Huracan Performante, why shouldn't Ferrari with the Pista? Related Video: Featured Gallery Ferrari 488 Pista Spider at Pebble Beach View 16 Photos Related Gallery Ferrari 488 Pista Spider Image Credit: Ferrari Design/Style Ferrari Convertible Performance Supercars Pebble Beach

Ecclestone against F1 cockpit protection

Bernie Ecclestone has made it clear that he is not a fan of the Red Bull Aeroscreen, which was tried by Daniel Ricciardo on Friday, in Sochi. The FIA will continue to study both the Red Bull device and Ferrari's Halo, and will make a decision by July 1 about which will be added to the 2017 rules. "We're going to get a lot of pitstops now when they have to stop to clean the screen and things," he said when asked by Motorsport.com about the Aeroscreen. "That will be good." Asked if he liked the look of it or preferred the Halo, he said: "Not particularly. I don't like any of them," adding that the sport should do "nothing" with regard to cockpit protection. "I just think to try to simulate something when you've got a stationary object, and you're firing a tyre at it, when in the race when the wheel has come off normally both cars would be moving. "So how can you simulate it by having a car stationary? And how would you ever know what's going to happen with a wheel anyway? "If it hits the thing it would probably bounce off anyway. So I don't know," Ecclestone added. Quizzed on Lewis Hamilton's suggestion that danger was part of the appeal of the sport he said: "In his case I don't know whether the money made any difference as well. "We can make it more dangerous if he wants." Related Video: This story, by Adam Cooper, originally appeared on Motorsport.com, the world's leader in auto racing news, photos, and video. Image Credit: Dan Istitene/Getty Motorsports Ferrari Safety Racing Vehicles F1 bernie ecclestone halo