1985 Ferrari Testarossa on 2040-cars

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At Lamborghini, gasoline is going, going, gone

Those who've waited this long to plunk down a deposit on a Lamborghini with a full combustion motor have waited too long. For six decades, the Italian brand, founded in 1963 to compete with Ferrari, delivered V8s, V10s and V12 gasoline powered engines to its aficionados. But as of now, its official: the order books have closed on Lambo’s Huracan and Urus models. Stephan Winkelmann, head of the Volkswagen subsidiary, informed the German newspaper WELT this week that all ICE models are now sold out until the end of their production cycle. Only hybrid and electric vehicles will be made from next year and transitioning to the end of the decade. The 2023 Huracan with its 631 horsepower V-10 is starting priced at about $210,000. To prepare for the switch to hybrid power, Lamborghini has invested “at least 1.8 billion Euros,” which is about $2 billion, to produce a lineup of hybrid vehicles ready for release by late 2024 and into 2025. The companyÂ’s next hybrid model is the Revuelto, which pairs a V12 engine with a plug-in hybrid powertrain. The brand anticipates offering a fully electric car “by the end of the decade,” Winkelmann has said. Globally, Lamborghini delivered 9233 vehicles in 2022, up from 8420 the previous year. Related Video This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Ferrari Lamborghini Fuel Efficiency Green Automakers Automotive History Future Vehicles Performance

Ferrari vetoes F1 engine supply cost cap

The costs associated with competing in Formula One are enormous. In addressing the problem, the FIA has proposed a number of measures aimed at reducing those expenses. But while most of the teams are apparently on board, one key player has exercised its veto to defeat the initiative. The issue came up at a recent meeting of the Formula One Strategy Group, where the participating parties discussed implementing a global cost ceiling, amending the regulations in order to drive down costs, and increasing the standardization of common parts. However one of the most concrete steps would have seen the FIA institute a maximum price which engine suppliers could charge independent teams for their power units. The issue was put to a vote, which the FIA reports passed with a "large majority." But Ferrari vetoed the measure, exercising the right accorded to it under the governing regulations – a step which the FIA will not contest. With its cost-cap measure defeated, the governing body has confirmed its intent to move ahead with proposals to bring in an outside engine supplier that will provide motivation to independent teams at a lower cost. As we recently reported, the price associated with securing power units from suppliers like Mercedes, Renault, and Ferrari, typically costs teams as much as $30 million per season – a solid two or three times what they cost in the previous V8 era. One of the leading contenders at this early stage to supply those low-cost power units is Cosworth. The British firm has long participated in the championship as an engine supplier, stepping back from the sport only recently. However other companies could enter a bid for the contract as well. A French outfit called PURE run by former BAR-Honda team principal Craig Pollock began development of an engine package back in 2011. BMW and Toyota both supplied V8 engines until a few years ago, while independent outfits like Mecachrome, Mugen, and TAG have also prepared F1 power units based on engines developed by major manufacturers. 26.10.15 FIA FORMULA 1 WORLD CHAMPIONSHIP - COST REDUCTION The FIA has studied cost reduction measures for teams participating in the FIA Formula 1 World Championship which were not conclusive, including: - a global cost ceiling, - a reduction in costs via technical and sporting regulations, - an increased standardisation for parts.

Ferrari looks to capitalize on brand name as it promises faster growth

MILAN — Strong sales of Ferrari's Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook on Monday, with a new brand strategy promising even more growth. Ferrari's Milan-listed shares rose as much as 7.4% to an all-time high of 155.15 euros ($172.65) after it reported "solid" third quarter results and signaled a strong year ahead. The 'Cavallino Rampante,' or 'Prancing Horse,' launched a plan to enhance its brand through new apparel and accessory collections, entertainment offers, and luxury products and services for clients. They include an agreement with Italian fashion house Giorgio Armani and the opening of a restaurant with star chef Massimo Bottura in the group's hometown of Maranello in northern Italy. Ferrari expects the new brand initiative to represent around 10% of the group's profitability in the next seven to 10 years, in what Chief Executive Louis Camilleri described as an "ambitious but realistic target". "It is our intention to increase the size of the cake and our share of the cake," he told analysts in an earnings call, referring to the group's bid to expand revenues outside of selling cars. The new branding strategy builds on the group's aggressive roll-out of new premium models. Ferrari said core earnings would be around 1.27 billion euros ($1.41 billion) for the full year, topping a previous forecast of 1.2-1.25 billion euros ($1.34-1.39 billion). Camilleri said that this year Ferrari would match what it forecast last year for 2020. "I think it's rather premature for us to address 2020 at this time. But clearly, we do anticipate a strong year," he told analysts. The carmaker also increased its outlook on 2019 revenues to about 3.7 billion euros ($4.12 billion), from a previous forecast of more than 3.5 billion euros ($3.89 billion), and industrial free cashflow. "We expect the stock to rise but (the) focus will be on 2020," Morgan Stanley said in a note, adding that Ferrari's results were better than expected across the board. Ferrari will present its latest new model in Rome next week, taking the total to five this year, including the F90 Stradale, its first hybrid car in series-production. To support Ferrari's growth and profitability Camilleri's strategy plan from September last year promised to launch 15 new models between 2019 and 2022.