1961 250 Gt California Ferrari Reproduction on 2040-cars

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Ferrari plans 15 new models, shares name of its SUV

MARANELLO, Italy — Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of its new chief executive's efforts to double core earnings by 2022. The supercar maker shifted to a guidance range for adjusted core earnings of 1.8-2.0 billion euros ($2.1-2.3 billion) by 2022, rather than the 2 billion figure set by late Ferrari boss Sergio Marchionne. But his successor sought to reassure investors that the company can maintain recent strong growth. "This is an ambitious plan, but a doable one based on a concrete, detailed framework," Louis Camilleri said on Tuesday at the company's Maranello headquarters in Italy. Ferrari shares gained 0.6 percent by 1330 GMT, recovering from earlier losses. The stock slid more than 8 percent on Aug. 1 when Camilleri described Marchionne's targets as "aspirational." Marchionne's sudden death in July jolted investors who had expected the auto industry grandee to remain at the wheel until 2021, having more than doubled Ferrari's market value since taking it public in 2015. Camilleri and his team outlined a plan to show how a brand known for its racing pedigree and roaring combustion engines will shift to making a utility vehicle and hybrid cars and boost margins to over 38 percent without sacrificing exclusivity. The company increased its dividend payout ratio and announced a 1.5 billion-euro share buyback plan. Its marketing chief also promised a "significant increase in average retail price." Following Marchionne's roadmap With margins at 30 percent now, strong pricing power and an enviable customer waiting list, Camilleri inherits a business firing on all cylinders and is not expected to stray far from his predecessor's script. Marchionne had orchestrated Ferrari's spinoff from parent Fiat Chrysler, positioned it as a luxury brand rather than a carmaker, and managed to do what few thought possible: sail through a self-imposed production cap of 7,000 cars a year without sacrificing pricing power or its exclusive appeal. Ferrari has clocked up years of record earnings, helped by special editions and a customization program. But it could prove tough to maintain the company's high valuation as emissions rules tighten, capital spending increases and the diverging interests of investors, racing fans, owners and collectors become harder to balance.

Ferrari 458 Speciale with aftermarket exhaust screams

Take an already amazing Ferrari 458 Speciale, add an aftermarket exhaust capable of shooting flames, and unleash the coupe in a tunnel to maximize its sonic glory. This video uses that simple formula, and the result sounds spectacular. According to the YouTube description, the Ferrari has a system from the company Frequency Intelligent Exhaust, and the new pipes make the high-revving V8 scream. The little jets of flame that come out the back only sweeten the experience. The video lets you hear these wonderful pipes while the 458 is stationary and on the move. From inside, the sound is surprisingly subdued when the driver doesn't have the throttle against the floor. It seems like you could actually cruise around without needing earplugs but still enjoy the superb noise when desired. Related Video:

Florida aquaman drives a Ferrari straight into the drink

Often the worst and most annoying part of security footage is that there is no sound to the video. Viewers are left to their own imaginations as people on camera are seen doing strange or dumb things. A recent video from Florida has us wishing a police officer would have been mic'd up for a conversation he had moments before a person got into a Ferrari and drove it right into a body of water. Reported by WPTV and blogged by Car Throttle, the dash camera on a police car caught 48-year-old James Mucciaccio Jr. doing something that makes absolutely zero sense (before the Florida bath salts jokes come out, neither drugs nor alcohol were involved). The morning of Dec. 26, a police officer got out of his cruiser and approached a blue Ferrari 360 that was parked on a gated dock on the Palm Beach Inlet just off of the Atlantic Ocean. Based on the soundless video, it appears Mucciaccio and the officer had a civil conversation likely suggesting that the car couldn't be parked there. Mucciaccio then hustled to get into the car and looked to be backing out of the dock. But before he passed the gate, he stopped, then switched out of reverse as evidenced by the blinking lights on the car. He then gunned it and drove the Ferrari straight off the dock and into the water. Considering the interaction seemed to be completely calm, it's mind-boggling trying to imagine what Mucciaccio was thinking, if it was indeed on purpose. And no, there is no word yet as to why exactly he did what he did. According to the report, Mucciaccio was not injured and was rescued by a friendly observer. After the Ferrari sank 30 feet to the bottom, it was pulled out using inflatables. For more photos of the crashed Ferrari both above and below water, check out images from the Code 3 Divers here. Surprisingly, this is not the first time Code 3 has pulled a Ferrari out of the water. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.