Ferrari Q1 profit jumps on surging demand for big-engine supercars
MILAN -- Ferrari's first-quarter profit jumped 36 percent as the
Italian supercar maker benefited from demand for its priciest models,
such as the $2.1 million LaFerrari Aperta convertible and special
editions created for its 70th anniversary.
Adjusted earnings before interest, taxes, depreciation and
amortization surged to 242 million euros ($265 million) from 178 million
euros a year earlier, Ferrari said in a statement on Thursday.
To help drive growth, the company in March unveiled its new flagship 812 Superfast,
the speediest production car in its history. The car is an updated
version of the F12 berlinetta with a 6.5-liter V-12 that produces 789 hp
and pushes the car to a top speed of 340 kph (211 mph) with
acceleration from 0 to 100 kph (62 mph) in 2.9 seconds.
(AutoNews.com)
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