Latest news with #Elettrica
News.com.au
18 minutes ago
- Automotive
- News.com.au
First Drive: Alfa Romeo Junior Ibrida
If the Alfa Romeo Junior was a person, it'd be the effortlessly stylish Italian who strolls into brunch in head-to-toe linen, Gucci sunglasses with an espresso in hand. Chic and charismatic. Originally launched in Europe as the 'Milano', the name didn't last long. Italian government officials pointed out that the car was built in Poland and so couldn't legally carry an Italian city name. A quick rebrand and a nod to a classic Alfa from the 60s, the Junior was born. But the Junior doesn't feel nostalgic, sure, there are parts that feel Alfa, but if anything the Junior feels designed for a new generation of buyers. One that's younger, more urban and style-conscious. Arriving mid 2025, the Junior will be Alfa Romeo's first model offered with both electric (Elettrica) and mild-hybrid (Ibrida) powertrains from launch. It also marks Alfa's most affordable model in years, expected to be below $50,000. But even at the entry point, it's positioned slightly above the more mainstream compact SUVs, targeting drivers who are willing to spend a little more for a car that feels a little more premium. This is where the Junior shines. This is a car for buyers who want their SUV to be a statement, with its gloss black body kit, diamond-cut alloy wheels, signature LED matrix headlights and bold two-tone colour options, the Junior feels more like a fashion accessory than a family SUV. The Ibrida variant I tested on Spanish highways pairs a turbocharged 1.2 litre three-cylinder petrol engine with a 48-volt electrical system. It delivers 100kW to the front wheels via a six-speed dual-clutch automatic and thanks to a small e-motor the car can cruise in electric-only power. The drive felt composed and refined but a proper dynamic test on Australian roads is needed to comment further on driving dynamics. With a 0-100km/h in 8.9 seconds, the numbers aren't anything to get excited about. But while it may not have the grunt, a spicer Junior Elettrica 'Veloce' version is coming soon with 207kW and 345Nm. Inside the cabin is distinctively Alfa, there's thoughtful tech, sporty touches, dual 10.25-inch displays, wireless Apple CarPlay and Android Auto, a wireless phone charger, cloverleaf AC vents and the 'Spiga' seats as standard (optional in other markets). While the cabin is stylish, the materials black cloth/leatherette seats and finishes fall just short of feeling luxurious. One design detail worth noting is the central screen, which is slightly slanted towards the driver, while it's meant to create a cockpit-like feel, I found it a little distracting, especially if your passenger leans over to change a setting. The interior space is reasonable, on a short trip, we managed to squeeze three adults and luggage, it took a bit of shuffling but it fit. The boot's adjustable floor came in handy however the rear space did feel tight, even for someone of my petite frame. There's also plenty of safety features including adaptive cruise control, AEB, lane-centering assist, reverse camera, blind spot monitoring and traffic sign recognition. The Junior is already performing well in Europe, since its debut in late 2024 with Alfa Romeo taking more than 27,000 orders across 38 countries. As of early 2025, it's the brand's best selling model and has helped Alfa lift its overall sales in Europe. But how the Junior will perform in Australia is a much bigger question. Here it's not just fighting for attention with familiar brands like Volkswagen, Mazda and Lexus but the real threat comes from brands like BYD and MG, which continue to offer buyers luxury and hi-tech options at prices that make premium badges worried.
Yahoo
14-05-2025
- Automotive
- Yahoo
How This Top Luxury Stock Makes a Comeback in a Critical Market
Ferrari's sales have suffered in a challenging Chinese market. Ferrari is preparing to launch its first fully electric vehicle. The automaker's F80 could provide additional growth. 10 stocks we like better than Ferrari › When it comes to Ferrari (NYSE: RACE) the business, or the racing heritage, there isn't much weakness to find in its operations. The company generates ridiculous margins for the auto industry, like other luxury businesses is recession resilient, and even boasts a near $4 million vehicle that's already sold out. One small weakness for the company has been its results in China – but that could be changing soon. Ferrari isn't alone in facing pain in China's automotive market. In fact, it's faring far better than its western peers as it has purposely limited its sales in China to roughly 10% of its total. Meanwhile, peers are struggling with massive sales declines amid a brutal price war in the country. That said, Ferrari's sales in China have hit a speed bump as well and fell 25% during the first quarter to their lowest in nearly four years. Part of that was a shrinking China luxury car market last year due to a broader economic downturn, and weak consumer sentiment and spending. In a way, Ferrari is merely attempting to adapt to the prevailing trend in China that has been a boom and focus on electric vehicles (EVs). That's right, Ferrari is looking to roll out its first fully electric supercar -- don't forget that Ferrari already does roughly half its sales in hybrids -- in hopes of reviving sales in China. Not only will Ferrari benefit from China's rising EV market, but it will also benefit from lower tariffs and taxes. The vehicle, dubbed Elettrica, that Ferrari plans to unveil in October is expected to be taxed at a compound rate of 30% of its manufacturer's suggested retail price, which compares favorably to its vehicles equipped with 12-cylinder engines that can be taxed at nearly four times that rate. Make no mistake, this will be a big launch for Ferrari, which will launch the EV through a three-step process. Ferrari will show the "technological heart" of the new EV at its capital markets day on Oct. 9, per CEO Benedetto Vigna on the company's first-quarter earnings call. Then the world premiere takes place during the spring of 2026, with sales launching that following October. Further, while Ferrari historically limits its sales in China to around 10% of its total, that cap could rise with a potentially more profitable EV due to lower tariffs and taxes. That could mean more growth for a company that always makes sure it has more demand than supply and keeps a lid on sales. It's not the only near-term avenue for growth, either. In fact, Ferrari's upcoming $3.8 million F80 could deliver a significant earnings boost that could help its shares gain another 30%, according to Barron's. The super-luxury vehicle is an example of just how strong the company's pricing power is. Anthony Dick, who covers the automotive market for Paris-based private bank and asset manager ODDO BHF, told Barron's that the vehicle's margins could be high enough to generate 20% of company profit from just 2% of units sold. Ferrari has emerged as not only a top automotive stock, but one of the best-performing stocks over the past few years. Its share gains have trounced the broader S&P 500 index, gaining 158% over the past three years compared to the S&P 500's 47% gain. It has products people dream of owning, incredible margins, impressive pricing power, and best of all, room for growth. If the company's first fully electric EV is a hit in China, and potentially more profitable, it would be another huge win for the company that seems to keep winning. Before you buy stock in Ferrari, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ferrari wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,613!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $753,878!* Now, it's worth noting Stock Advisor's total average return is 922% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. How This Top Luxury Stock Makes a Comeback in a Critical Market was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
09-05-2025
- Automotive
- Bloomberg
Ferrari Sees First Electric Car's Low Tax Lifting China Business
Ferrari NV is looking to its first fully electric supercar to revive sales in China because the model will benefit from lower tariff and tax rates. The Elettrica EV that Ferrari will unveil starting in October is expected to be taxed at a compound rate of 30% of the manufacturer's suggested retail price. The carmaker's models equipped with its roaring 12-cylinder engines face a combined import, consumption and value-added tax that's almost four times that rate.
Miami Herald
08-05-2025
- Automotive
- Miami Herald
Ferrari Confirms Yearly Forecast Despite Tariff Uncertainty, Schedules First EV Deliveries
Several automakers, including but not limited to Porsche, Mercedes-Benz, and Ford, have suspended their financial guidance after Q1 because of uncertainties relating to U.S. vehicle and parts import tariffs, but Ferrari deviated from this trend. Instead, the Italian automaker confirmed its 2025 economic forecast after reporting a 15% profit rise during Q1, and despite warning that U.S. tariffs could cut 50 basis points (half a percent) of its 2025 profit margins. Ferrari also said it will start deliveries of its first-ever electric vehicle (EV), the Elettrica, in October 2026. The company's CEO, Benedetto Vigna, said the first part of the Elettrica's reveal, scheduled for October of this year, will focus on the vehicle's "technological heart," according to Carscoops. Ferrari will develop and build the EV's electric motors, battery modules, and inverters in Maranello. The exotic carmaker is forecasted to bring in 2025 earnings of at least €2.68 billion ($3.03 billion) before interest, taxes, depreciation and amortisation, Reuters reports. Ferrari's Q1 success is attributed to a more expensive inventory, including the 499P Modificata ($5.4 million), the SF90XX lineup (starting at $890,000), and the 12Cilindri (starting at $470,950), along with an increase in demand for bespoke specs and from more profitable markets, such as the Americas. Shipments rose 8% in Europe, the Middle East, and Africa, while the Americas registered a 3% increase, according to The Wall Street Journal. The most frequently delivered Ferraris included the Roma Spider, 296 GTS, SF90XX family, and the Purosangue. Markets with a decline in deliveries comprised China, Hong Kong, and Taiwan at 25%, and the rest of the Asia-Pacific at 6%. Vigna noted the automaker shipped 3,593 cars during Q1, 33 more than the previous year, which was mostly in line with expectations. He added that Ferrari achieved these results because the company focused on the quality of revenue vs. volumes. In Q1, Ferrari reported a net profit of €412 million ($465.9 million), up from €352 million during the same period last year. "All key metrics recorded double-digit growth, underscoring a strong profitability driven by our product mix and continued demand for personalizations," Vigna said to The Wall Street Journal. Conversely, automakers like Mercedes-Benz reported experiencing lower profitability in Q1, with U.S. tariffs causing the company to ditch its 2025 financial guidance. Mercedes-Benz announced a 7.3% profit margin for its car segment, down from 9% during last year's Q1. "The current volatility with regard to tariff policies, mitigation measures and resulting potential direct and indirect effects, in particular on customer behavior and demand, is too high to reliably assess the business development for the remainder of the year," the German automaker said in a statement according to Reuters. Ferrari's announcement on its EV is significant since it's the first time the automaker has gone on record providing an official timetable for the model's debut. What's equally significant is how the company is sticking to its 2025 financial guidance, while nearly the entire auto industry is doing the opposite. With grim auto market outlooks for 2025 appearing left and right, Ferrari's standout Q1 and confidence in its annual projections are a breath of fresh air. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
NDTV
08-05-2025
- Automotive
- NDTV
Ferrari To Unveil Its First Electric Supercar In October 2026
Ferrari is preparing to launch its first fully electric vehicle, the Ferrari Elettrica. The technical details will be announced on October 9, 2025, during Capital Markets Day. Deliveries to customers are set to start in October 2026. This advancement represents a transformative leap in Ferrari's commitment to electrification. The Elettrica will be meticulously crafted at Ferrari's state-of-the-art e-building facility in Maranello, Italy. This facility enhances production flexibility and enables in-house development of electronic components, ensuring Elettrica maintains its exceptional performance and driving experience. Also Read: MG M9 Bookings Open: Top Highlights Of Kia Carnival's Electric Rival Ferrari is committed to electrification as part of its strategy to offer a variety of powertrains, including petrol, hybrid, and electric. After introducing hybrid vehicles in 2019, the company has achieved significant success, with hybrids accounting for 51% of its sales in 2024. This commitment keeps Ferrari at the forefront of the automotive industry's move toward sustainability. Ferrari has reported strong global sales in the first quarter of this year. This success comes from a pricier lineup, including the SF90XX family, the 12 Cilindri, and the 499P Modificata models. There is also a growing demand for personalized options and gains in markets like the Americas. Recently, Ferrari introduced the 296 Speciale plug-in hybrid and its convertible version. The company plans to launch six new models this year, including its first electric vehicle (EV).
