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Industry Update

Ferrari NV unveiled a drop-top version of its debut plug-in hybrid, the second of what will be a series of electrified models from the Italian supercar maker. The SF90 Spider will match the 986 horsepower of its coupe counterpart, the SF90 Stradale, which debuted last year. Pricing in Italy starts at 473,000 euros ($559,000) and deliveries will begin in the second quarter of 2021.The convertible is the second model Ferrari has taken the wraps off since the pandemic temporarily closed much of the company’s operations. Chief Executive Officer Louis Camilleri has said that while the disruption forced the delay of certain models by three to nine months, orders in October were up some 30% from monthly intake seen in the first quarter and essentially in line with the end of last year.

Source: https://www.bloomberg.com/news/articles/2020-11-12/ferrari-s-first-plug-in-hybrid-convertible-packs-powerful-punch?srnd=premium-middle-east