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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 LaFerrari Spider reportedly debuts privately

If the Porsche 918 Spyder didn't fulfill your dream of open top motoring in a hybrid hypercar, look for Ferrari to publicly debut a topless version of the LaFerrari (standard version above) in the near future. The Facebook page for Automotive Passion (D. Benoit) asserts the LaFerrari Spider is finally on the way and backs up the claim with a photo of a carbon-fiber box that bears the vehicle's sharp silhouette (below). Motor1 claims that Ferrari plans to build 150 to 200 examples of the LaFerrari Spider, which is less than half of the 499 coupes, and customers already snapped them all up. The Prancing Horse is reportedly charging a hefty premium over the hardtop's $1.4-million price tag for the droptop. Given the coupe's sales success, we are surprised Ferrari didn't take the LaFerrari's roof off even sooner, and rumors about the Spider go back to at least 2014. The removable top might add a few pounds, but the 949-horsepower 6.3-liter hybrid V12 should still be plenty to hustle the hypercar around. Ferrari debuted the LaFerrari Spider at a private event, according to Motor1. Showing the hypercar suggests development in nearing completion, so expect a public debut and official info sometime this year. Ferrari is bringing out LaFerrari Spider!© Private #laferrari #spider #laferrarispider #ferrari Posted by Automotive Passion (D. Benoit) on Friday, March 4, 2016 Related Video:

Vettel wins in Hungary as Ferrari finishes first and second

Sebastian Vettel won a tense Hungarian Grand Prix on Sunday in a Ferrari one-two that stretched his championship lead to 14 points after Mercedes rival Lewis Hamilton sportingly surrendered third place to his team mate. The German, savoring his fourth win of the season and 46th of his Formula One career, took the chequered flag 0.9 seconds ahead of team mate Kimi Raikkonen. The Finn had looked faster than Vettel for most of the afternoon. "I'm over the moon, that was a really difficult race," said the winner, who had to wrestle with a skewed steering wheel on a sweltering afternoon at the Hungaroring and had no room for error. Hamilton finished fourth after slowing down on the last lap and allowing Finnish team mate Valtteri Bottas to go past, despite the loss of vital points to the Briton's championship challenge. Bottas had let Hamilton through on the 45th of the 70 laps, on the assurance that his team mate would hand back the place if he could not overtake the Ferraris, and the triple champion duly kept his word. "Really thanks to Lewis for keeping the promise in the end and letting me by," said Bottas. "I don't think every team mate would have swapped back." Hamilton, whose radio was malfunctioning for some of the race and would have had more of a chance had he got past Bottas earlier, said he had done what he had to do. "It's tough in the championship but I'm a man of my word," he said. "I did say that if I can't overtake them I would let him back through." On a circuit where overtaking is notoriously hard, the top five all finished in their starting order with Max Verstappen fifth for Red Bull. The Dutch teenager was handed a 10-second stop and go penalty for colliding with his Australian team mate Daniel Ricciardo on the opening lap. The impact ended Ricciardo's race, with the car stranded on the track and fluid leaking from the broken radiator, and brought out the safety car. "It's not on. It was amateur to say the least. It's not like he was trying to pass – there was no room to pass," said an angry Ricciardo. "I don't think he likes it when a team mate gets in front. You've got the whole race to try and repair the mistake but the pass was never on. It wasn't even a pass, it was a very poor mistake." Fernando Alonso, who celebrated his 36th birthday on Saturday, gave struggling McLaren their best finish of the season so far by taking sixth place and also setting the fastest lap of the race.