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According to a recent patent filing, supercar specialist Ferrari intends to implement unique engine noises in its upcoming EVs. It just needs to build them first. The patent includes a system that reproduces combustion engine noises that can be synced with the increased acceleration of the vehicle’s electric motor(s). While this may simply sound like another automaker trying to deliver nostalgia to Ferrari fans accustomed to the roar of combustion, there is an element of safety as well.

Ferrari S.p.A.’s history dates back to Italy to the late 1930s, kicking off the automaker’s concrete status in motorsport history after a number of victories in the 24 Hours of Le Mans. Despite being on the early forefront of such fast cars, Ferrari has been quite slow to adopt electrification.

The Italian automaker has not shunned electric vehicles completely, however. Ferrari currently offers four “electrified” models including the SF90 Stradale plug-in hybrid EV seen below. While the company has yet to deliver the first all-electric Ferrari, there is one already in the works slotted for a debut sometime in 2025 as part of the automaker’s journey become carbon neutral by 2030.

During Ferrari’s second-quarter earnings call in 2022, CEO Benedetto Vigna said the following about the upcoming EV:

We will unveil our first full electric model in 2025, a true Ferrari that will enrich our product range. It will contain several unique features and it will be a sport car as every Ferrari that offers a true Ferrari driving experience.

Following a recent patent filing, we have learned that one of those “unique features” mentioned by Vigna will be a new amplification system that reroute the fabricated sound of an engine out the back of the EV. Stop us if you’ve heard this one before.

Ferrari EV
The Ferrari SF90 Stradale (PHEV) / Source: Ferrari

Ferrari expects each of its EVs to have a distinct sound

Analysts at ODDO BHF have cited the recently filed patent by Ferrari that describes a unique amplification system targeting distinct engine noises. Per the filing, the patent relates to a “reproduction device for the realization of a sound that can be associated with an electric motor.”

ODDO went on to state that the technology would allow the Ferrari EV to amplify sound from its electric motor(s) while redirecting the noise to the rear of the vehicle where a traditional combustion engine would normally sit.

Last summer, the automaker’s CEO’s explained during a call with investors that sound is a key trait that makes a Ferrari a Ferrari and that every engine has its own recognizable rev. Vigna added that he expects Ferrari EVs to have their own “signature engine” roars too… just without the actual engine.

A note from ODDO BHF this week relays confidence that Ferrari should be able to deliver “a compelling and innovative EV product” in 2025, adding that sound-reproducing technology could help sell affluent fans of the brand to go electric without missing their precious noise pollution too much.

It will be interesting to see how the amplified sound technology works in the Ferrari EV, because they are by no means the first automaker to implement digital engine noises. BMW’s EVs currently have it, as does Mercedes-Benz vehicles which combine the zap of the electric motors along with engine noises for a futuristic, spaceship like drive that remains somewhat familiar. Tesla too!

Another huge argument for simulated engine noises (to reasonable volume) is safety. EVs are sneaky quiet, even at high speeds. Adding audible awareness not only keeps a driver informed of their speed, but also alerts pedestrians and other nearby vehicles that the EV, in this case the Ferrari EV, is coming.

We are sure to learn more when Ferrari officially pulls the sheet off its first BEV, but that’s still a couple years away.

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Saudi Aramco upholds dividend despite drop in first-quarter profits

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Saudi Aramco upholds dividend despite drop in first-quarter profits

Maxim Shemetov | Reuters

Saudi Aramco’s first-quarter net profit fell 14% year-on-year amid lower oil prices and production.

Net income for the three months up to March 31 came in at $27.3 billion, down from $31.9 billion for the same period last year, the company reported. The figure was in line with analyst expectations, according to Reuters.

Aramco announced its free cash flow for the quarter at $22.8 billion, down from $30.9 billion in the first quarter of 2023, and cash flow from operating activities at $33.6 billion compared to last year’s $39.6 billion.

Still, the Saudi state oil giant will be delivering a total $31 billion dividend to the Saudi government and other shareholders, comprised of a $20.3 billion base dividend and a “fourth performance-linked dividend distribution of $10.8 billion” which will be paid in the second quarter, the company’s earnings statement said.

Aramco, which is the world’s largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.

The company has also invested significantly into downstream operations and gas discovery and production.

Aramco President and CEO Amin Nasser was quoted as saying in the earnings release: “We also continue to execute our long-term strategy, and in the first quarter made significant progress on expanding our gas business and growing our globally-integrated downstream value chain, while maintaining our focus on consistently delivering value for our shareholders.”

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BP misses expectations as profits slip on weaker oil and gas prices

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BP misses expectations as profits slip on weaker oil and gas prices

A BP gas station in Madrid, Spain.

Sopa Images | Lightrocket | Getty Images

BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a “significantly weaker” margin in fuels and lower gas and oil prices.

The British energy giant logged underlying replacement cost profit, used as a proxy for net profit, of $2.7 billion. That was down from $3 billion the previous quarter and compared with an estimate in an LSEG-compiled consensus of $2.9 billion.

The results reflect lower oil and gas realizations and a “significantly weaker” fuels margin, the company said in its Tuesday statement.

BP’s profits were lower than in the same period in 2023, when they totaled nearly $5 billion. Many of the company’s peers in the oil and gas industry have also seen a decline in year-on-year first-quarter profits due to a sharp fall in gas market prices.

European gas stocks were at a record high this winter, as countries guarded against a drop-off in Russian supplies following the country’s full-scale invasion of Ukraine in 2022.

BP rival Shell last week reported reported adjusted earnings of $7.7 billion for the first three months of the year, down from $9.6 billion in 2023.

Energy firms have nonetheless maintained a focus on shareholder returns. BP on Tuesday recommitted to share buybacks of $3.5 billion for the first half of 2024.

CEO Murray Auchincloss noted the firm’s “resilient quarter” and said BP was continuing to simplify its business to deliver $2 billion in cash cost savings by the end of 2026.

The company in January appointed Auchincloss as permanent CEO. His predecessor Bernard Looney resigned after less than four years in the post due to undisclosed personal relationships with colleagues prior to becoming CEO.

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Report: Apple mulling potential partnership with Rivian – 9to5Mac

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Report: Apple mulling potential partnership with Rivian - 9to5Mac

Earlier this year, Apple canceled its decade-long Project Titan electric car initiative, but a new report from DigiTimes says that Apple’s electric vehicle ambitions might not be over. According to the story, Apple is “assessing the possibility of teaming up with a certain US EV startup, and Rivian is a very likely candidate.”

The report says that there is “speculation among supply chains” that Apple is investigating teaming up with an EV startup. DigiTimes suggests that Apple could take its 10 years of EV and autonomous driving research and team up with another company instead of making its own car.

While it’s “uncertain what form such a collaboration could take,” this report suggests that Rivian is the leading candidate, based on supply chain sources.

There are no other details provided in the DigiTimes report. It’s unclear what a partnership between Apple and Rivian would look like – or whether Rivian would even be interested in such an arrangement. Still, at least based on DigiTimes supply chain sources, it’s something Apple is “studying.”

9to5Mac’s Take

As much as I’d love to see a partnership between Apple and Rivian, I’m choosing not to get my hopes up about this one. The report is scarce on details, and sounds as if it’s based purely on speculation among Apple’s suppliers. I’d wait for something more concrete before getting too excited.

Perhaps most importantly, Apple could provide Rivian with some crucial cash as the company enters the challenging process of ramping up production of its new R2, R3, and R3X cars.

Do you think Apple should team up with Rivian? What kind of collaboration could Apple have in mind? Let us know down in the comments.

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