News Details

Ferrari pushes back profit goal amid pandemic

Ferrari pushed back its profit target for next year after delaying investments and some deliveries in the pandemic but stuck to its timetable for a first electric car by 2025. The luxury carmaker famed for its ‘Cavallino Rampante', or ‘Prancing Horse‘, badge had predicted adjusted core earnings of 1.8-2.0 billion euros ($2.2-$2.4 billion) in 2022. But on Tuesday, the Italian company said it was postponing that target to 2023 because of the pandemic, even though it expects results to grow this year and next. 'We expect the prudent steps we took in 2020 and are continuing in 2021 to adjust our expenditure in response to the COVID-19 emergency will postpone by one year the...
Full Story »
6mo ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Briatore tired of Ferrari's goal always being 'next...

After a dismal 2020, Ferrari's fortunes are looking up this year, but...
7mo ago from F1i.com

Brawn: Verstappen 'mindset' changed amid title...

Ross Brawn believes Red Bull's potentially title-winning car has incited...
6mo ago from F1i.com

2021 Brazil GP situation ‘difficult' –...

May 1 The current version of Formula 1's 2021 calendar should suffer no...
6mo ago from OneStopStrategy.com

Schumacher evaluates opening race: 'That was my goal'

For the first time in years, a Schumacher is back in Formula 1. With Mick...
7mo ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Marc Marquez will need 'patience' for delicate eye...

Eight-time world champion Marc Marquez finished the 2021 MotoGP season as...
8h ago from Crash.net

2022 MotoGP World Championship - Final rider line-up

  Factory Teams Repsol Honda:Marc Marquez (End of 2024)Pol...
7h ago from Crash.net

Mike Leitner: KTM achieved two wins, it's not a...

It's not clear exactly when Mike Leitner found out he would be replaced...
7h ago from Crash.net

Popular On IndyCarToday.com

Motorsport Monday: Issue 445 FREE to read now

This weekend, racing has taken a break, but don't worry – we still...
13h ago from MotorsportWeek.c...

IndyCar considering revisions to qualifying format

IndyCar is considering small changes to its current knockout qualifying...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal “extremely attractive” for Raheem Sterling...

Raheem Sterling is reportedly open to a move to Arsenal and sees the club...
1h ago from DailyStar.co.uk

Arsenal's Bukayo Saka finishes sixth in Kopa Trophy

Arsenal attacker Bukayo Saka takes sixth place in the 2021 Kopa Trophy,...
2h ago from SportsMole.co.uk

Tactics Column: Arsenal finally get creative with...

'We had to maintain and not be impatient to lose any structure in our play...
5h ago from Arseblog.com

Comments

Hottest News

'Honda considers a new engine for Verstappen'

Red Bull Racing would obviously prefer no more... Read More »
7h ago from GPBlog.com

Red Bull's "weakness" uncovered as Hamilton...

Red Bull team principal Christian Horner has... Read More »
47m ago from GPFans.com

Andretti ‘still attacking’ F1 entry effort

'I love F1, it’s the ultimate racing... Read More »
57m ago from SpeedCafe.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.