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Ferrari CEO confirms hybrid model will be revealed this month

Ferrari confirmed it's going to reveal a hybrid supercar before the month is over in its Q1 2019 financial call. CEO, Louis Camilleri made the statement. "The second model will be presented at the end of this month, with the world premiere held here in Maranello. As we have stated previously, it will be a top-of-the-line hybrid with supercar performance and a true beauty," Camilleri said. The Motley Fool posted a transcript of the entire earnings call online, and Motor1 initially reported the news. We knew a hybrid supercar was on its way, but now we know it's for sure happening this month from Maranello. The most recent rumors and reports concerning this car was that it would be a twin-turbo V6 with a combined system output of 723 horsepower and 800 pound-feet of torque. A V8 hybrid powertrain in a different model is also expected to be revealed at some point, but that's reportedly going to come after the V6. Camilleri went on to say that this car "will be above the 812 Superfast. So it's not a 488 replacement per se." The 812 Superfast has supercar performance from its 6.5-liter V12, but it's more of a grand tourer in the Ferrari lineup. And the F8 Tributo was just released as the 488 GTB's successor, so it's more likely to be similar to the 812 with a different powertrain. Sitting above the 812 Superfast is no small chore, though, as that car makes 789 earth-shattering horsepower and 530 pound-feet of torque. Ferrari has dabbled in a hybrid powertrain before with the LaFerrari. That car had a 6.3-liter V12 supplemented by a HY-KERS unit, providing an extra 161 horsepower and 199 pound-feet of torque from its electric motor for a grand total of 950 ponies and 715 pound-feet of torque. This hybrid Ferrari will certainly be less powerful than that, but we don't know exact layout or function of the new system Ferrari is going to use yet. Watch out toward the end of May for this electrified Ferrari to finally make its debut.

Ex-Ferrari chairman sounds off on IPO

Former Ferrari chairman Luca di Montezemolo preferred to put exclusivity over profits when he ran the company, and the lower volume still meant huge amounts of cash for the business. FCA CEO Sergio Marchionne has since taken over Ferrari, but that hasn't stopped di Montezemolo from voicing his opinions. "I hope that the clients will remain more important than the analyst or the investor or the financial markets," di Montezemolo said prior to his induction into the Automotive Hall of Fame in Detroit, the Detroit Free Press reported. The former chairman argued that once on the stock exchange, a company would need to maximize profits quarter after quarter to keep investors happy. Conversely, di Montezemolo said Ferrari's years of success came from an "exclusivity in terms of number of cars, exclusivity in terms of how you deal with the clients." When di Montezemolo left Ferrari last year, he and Marchionne were scuffling about the future of the brand, including the health of the Formula 1 program. With the change in leadership, the company has reversed course in some ways. Where volume was previously kept around 7,000 units annually, the carmaker has set a new goal of closer to 10,000. The paperwork was filed for the IPO, and Marchionne thinks the company could be worth over $11 billion. The actual shares are rumored to go on sale in October. Related Video:

1972 Ferrari 365 GTB/4 Daytona is viceless in Miami Scottsdale at Barrett-Jackson

We love the Ferrari 365 GTB/4 Daytona. It's most definitely a classic, made famous in part by its appearance as Don Johnson's favored ride in the classic '80s television series Miami Vice... but we won't hold that against it.
The specific example you see above just crossed the block at the 2013 Barrett-Jackson extravaganza in Scottsdale, and it cleared a cool $495,000 after the buyer's commission was factored in. The 1972 Daytona features a sweet-sounding V12 engine mated to a five-speed manual gearbox.
Plus, it's brown, with a tan interior. Stunning. Check it out in our high-res image gallery above, and be sure to read through its official auction description below.