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Ferrari will increase production by 30% to 9,000 cars per year

After years of keeping production purposefully limited to guarantee exclusivity under the reins of Luca di Montezemolo, Ferrari is looking to seriously ramp up its numbers in the near future. A filing with the Securities and Exchange Commission indicates the iconic, Italian supercar maker intends to boost volume by 30 percent to reach around 9,000 vehicles annually by 2019, according to CNBC. Because Ferrari is already doing quite well financially, the extra sales would likely offer a serious boost to profits in the early years after its $10-billion initial public offering. Ferrari's filing also mentions growing demand in emerging markets and a larger "spending capacity" among wealthy buyers as reasons for growing the volume, according to CNBC. However, the company's execs intend to watch how the strategy works and ensure that the brand keeps an air of exclusivity. Sergio Marchionne initially promised to keep annual volume around 7,000 supercars last year. However after taking over as the Prancing Horse's chairman, he reportedly started considering pushing the numbers closer to 10,000. With Marchionne potentially becoming Ferrari CEO as well, the company's future is largely in his hands now. Under Marchioness plan, Ferrari plans to launch a new model each year through 2018. The Prancing Horse is reportedly developing a modular, aluminum space frame to underpin most of its future vehicles. The first to get it might be the next-gen California in 2017. Related Video:

Ferrari hybrids, SUV are in the plan to double earnings by 2022

Italian carmaker aims for core earnings of 2 bln euros by 2022 CEO Marchionne does not rule out smaller engines in the future If true electric supercar is ever made, it will be a Ferrari - CEO Shares rise more than 8 percent after mid-term targets released MILAN — Ferrari is looking to double core earnings to 2 billion euros ($2.5 billion) by no later than 2022 and become debt free a year earlier, betting on firm demand for supercars and new launches, including hybrids and an SUV. CEO Sergio Marchionne does not expect to double deliveries, but aims to keep pushing technological boundaries, launch new special editions and expand a customisation program to drive profit margins, which stood at 30 percent last year. Ferrari is also expanding its product range to vehicles that appeal to a larger demographic. Hybrids will be part of the portfolio from 2019, and an SUV is expected to be launched by late 2020. Downsizing engines was a possibility in future as long as Ferrari's uniqueness is preserved, Marchionne said. "We are absolutely convinced that these numbers are doable," Marchionne told analysts on a conference call, adding that profit margins could rise to at least 36 percent by 2022. "The house is firing on all cylinders, we are in a good place." The Italian group's medium-term outlook helped push its shares up more than 8 percent at one point on Thursday. They closed 7.5 percent higher at 103.2 euros. Ferrari's forecast suggests an average annual core earnings growth of 14.1 percent, or 17.9 percent, if it achieves the target a year early, said George Galliers, an analyst at Evercore ISI. "This type of earnings growth is unlikely to be seen by any other automotive OEM over the coming five years," Galliers said. However, he said the stock was not cheap and it remained to be seen if projected growth would be enough to attract investors over the coming months. After being spun off from Fiat Chrysler two years ago, Ferrari has sought to show it can increase profits without the backing of its parent. The group has clocked up several years of record earnings, helped by a number of special edition models. Ferrari reported on Thursday an 18 percent rise in 2017 adjusted earnings before interest, tax, depreciation and amortization (EBITDA) to 1.04 billion euros, in line with analysts' expectations and helped by sales of its 12-cylinder models. They include the GTC4Lusso and the 812 Superfast, the company's most powerful model to date.

Ferris Bueller Ferrari replica is so choice, and now it can be yours

If you have the means, we highly recommend you consider picking up this replica Ferrari GT Spyder California that had a starring role in 1986 film "Ferris Bueller's Day Off." Granted, Ferris Bueller (played by Matthew Broderick) and his friend Cameron Frye (played by Alan Ruck) ended up completely destroying the car in the movie – don't worry, this wasn't the one that went careening backwards out of a garage. This car, one of three built for the film, is fully restored and is in complete working order, according to Mecum Auctions. Set to go under the auction hammer later this month during Monterey Car Week, the 'Ferris Bueller Ferrari' is a cinematic and photogenic gem, despite the fact that, ahem, it's not an actual classic Ferrari. If it was, trust us, the price would be far in excess of the pre-sale estimate of $250,000-$300,000, which Mecum has placed on the car. For reference, back in 2012, a true 1962 Ferrari 250 GT SWB California Spyder found a new home after someone handed over more than $8-million dollars to buy it. So, all in all, this phony Ferrari could be the steal of century, as long as you don't mind a 5.0-liter V8 engine under the hood, versus a screaming Ferrari V12. Originally built in 1985 by a California company called Modena Design and Development, this car is based around a steel-tube frame and comes powered by a V8 fitted with four Weber carburetors. Power is fed to the rear wheels via a five-speed manual gearbox. Design touches to make the car appear authentic include a Ferrari grille, chrome side vents and wire-spoke wheels, Jaeger gauges across the dash, toggle switches, tan leather seats, a wooden steering wheel and period-correct AM/FM radio. Interestingly, the car is also fitted with air conditioning. The car is fresh from a nine-month restoration, carries its original VIN, and has apparently covered only 1,520 miles since new. Related Video: