Ferrari’s (RACE) CEO, Benedetto Vigna, said on Monday the Italian luxury sports carmaker’s so-called e-building will be ready next summer. Although Ferrari’s first EV isn’t due out for at least another two years, Vigna claimed he doesn’t expect to see margins shrink.
Ferrari CEO says margins will be maintained with EVs
Speaking at Bloomberg’s Italy Capital Markets Forum, Vigna said during an interview, “We will be ready in June 2024” regarding the company’s new electric supercar factory.
The new e-building in its hometown of Maranello, Italy, is designed for manufacturing electric motors, inverters, and batteries in addition to an assembly line for EVs and hybrids.
Although Ferrari’s first purely electric vehicle isn’t scheduled to be released until the fourth quarter of 2025, Vigna denied the automaker was a laggard when it comes to electrification. The Italian luxury automaker’s leader recently reiterated that Ferrari would continue building ICE cars as part of its heritage.
Ferrari currently offers four hybrid models but has been slower than its peers to embrace fully electric technology, citing the need to support its current buyers.
For example, after revealing the all-electric Taycan in 2019, Porsche says the electric sports car is due for a “very steep” production ramp this year as it irons out supply chain issues.
Porsche Taycan (Source: Porsche)Porsche Macan EV is due out in 2024 (Source: Porsche)
Porsche is confident it will hit its 12% to 14% EV sales share market this year ahead of Macan EV sales slated to start next year and an electric Cayenne model the following year. The automaker also aims for a high-performance electric SUV to sit above the Cayenne as part of its strategy to increase operating margins by over 20%.
Interestingly, Vigna also stated during Monday’s interview he doesn’t expect to see margins fall with new EV models. Vigna also said Ferrari is not interested in buying or partnering with other sports carmakers.
Ferrari expects electric models and hybrids to account for 60% of its product offering by 2026, while by 2030, it aims for 40% pure electric, 40% hybrid, and 20% ICE.
Electrek’s Take
With an operating profit margin of 26.9% in the first quarter of 2023, Ferrari is among the highest in the industry due to their premium prices.
However, as many legacy automakers have realized, transitioning from gas vehicle production to EVs can be costly without the proper supply chain in place. Ferrari’s CEO is confident it will be able to maintain margins through the transition.
Analysts have raised concerns about Ferrari’s slow transition in the past. Last year, Citi analysts said they expect “structurally higher investment to drag on returns,” while Jeffries mentioned in a note last May, “Ferrari has looked a bit less exceptional in recent years, with returns coming off peaks and competitors raising their game.”
When Vigna took over the helm of Ferrari in 2021, coming from semiconductor giant STMicroelectronics, many believed he would steer the automaker in a cleaner direction.
FTC: We use income earning auto affiliate links.More.
General Motors may be better known for its lineup of full-size trucks and SUVs, but a recently published patent shows the legacy automaker has at least considered something much smaller and nimbler: an electric motorcycle.
The patent, which surfaced earlier this year in a report by Visordown, outlines a lightweight, scrambler-style electric two-wheeler that has set off a fresh wave of speculation about GM’s potential interest in electric motorcycles or micromobility.
The design in the patent filing shows a slim electric motorcycle with a flat bench seat, upright handlebars, and dual-sport tires, suggesting a utility-forward ride meant for light off-road or potentially even mixed urban use (if it were homologated for street use).
The rear hub motor and what appears to be a central battery housing point to a simple, low-maintenance drivetrain, potentially aimed at the commuter or recreational rider market.
Advertisement – scroll for more content
The overall look is somewhere between a moped and a small electric dirt bike, reminiscent of models like the Sur Ron Light Bee or Talaria Sting, though slightly more street-looking with less of a focus on pure dirt.
While the patent doesn’t include performance specs or firm production plans, it’s the clearest signal yet that GM is at least experimenting with the idea of higher-powered two-wheeled EVs. And there is some precedent. GM previously dipped a toe into the micromobility waters with the Ariv electric bicycle project, and more recently partnered with Recon Power Bikes to release a Hummer-branded fat tire e-bike.
Both efforts showed that GM sees value in offering electric alternatives beyond the traditional four-wheel format, even if the Ariv program quietly ended after a short run.
GM previously experimented with an in-house electric bicycle known as the ARĪV, though it was killed off soon after
Whether this patent leads to a full-fledged GM electric motorcycle remains to be seen. It’s entirely possible the design is a concept or technology demo with no intention of hitting the market. But there are other possibilities too. GM could develop a motorcycle under one of its existing sub-brands, create a new division specifically for electric powersports, or partner with an existing two-wheeler manufacturer to license or co-develop the platform.
The timing wouldn’t be far-fetched. Despite bumpy roads in the larger flagship electric motorcycle market, lightweight electric motorcycles are booming, with companies like Ryvid targeting urban riders looking for clean, compact alternatives to traditional gasoline-powered bikes.
At the same time, a growing number of younger consumers are bypassing car ownership entirely, instead looking toward e-bikes, scooters, and low-speed electric motorcycles for daily transport. A small, stylish, and affordable GM electric motorcycle could hit that sweet spot.
Of course, turning a patent drawing into a real-world vehicle is a big leap, and GM’s own e-bike history is a reminder that two-wheeled projects can be short-lived. Still, it’s hard to ignore the symbolism of this move: even one of America’s largest automakers is exploring what personal electric transportation looks like when you cut the vehicle in half. GM might not be ready to ditch its trucks, but it clearly hasn’t ruled out hopping on a bike.
FTC: We use income earning auto affiliate links.More.
The electric restomod experts at Lunaz have turned their talents towards the classic Rolls-Royce Phantom V limousine – and the result is exactly the kind of smooth, quiet, and luxurious ride RR’s founders would have built.
Rolls-Royce’ founders dedicated their engineering talents to developing cars that were smooth, quiet, and adequately powerful – and they spared no expense. The company Charles Rolls and Henry Royce founded would eventually go on to develop some of the most powerful and celebrated combustion engines of the twentieth century … but the car they wanted to build? It was electric.
“The electric car is perfectly noiseless and clean,” Charles Rolls told The Motor-Car Journal, all the way back in April of 1900. (!) “There is no smell or vibration, and they should become very useful when fixed charging stations can be arranged. But for now, I do not anticipate that they will be very serviceable – at least for many years to come.”
Well, 125 years seems like “many” to – and the talented craftspeople and engineers at Lunaz seem to agree. Meet the Lunaz Rolls-Royce Phantom V limousine.
Advertisement – scroll for more content
It’s glorious
Rolls-Royce Phantom V; via Lunaz.
Lunaz says it’s true to Rolls’ vision “down to the smallest, most indulgent detail.” To that end, the company re-trims the modern heated and ventilated seats in fine leathers, hand-cut and stitched to the buyers’ specifications. In the rear, the center console can be ordered with a built-in cigar humidor, a cocktail bar, or some other custom-spec, lockable storage lined in suede and polished walnut (translation: guns and drugs, probably).
When reimagining the Rolls-Royce Phantom V, (we) started by understanding the essence of its original design. Every component and dynamic was scrutinized to identify where thoughtful innovation could truly elevate the experience. The result is a harmonious blend of modern advancements and original mastery, unlocking new levels of performance, reliability and refinement while honoring Rolls-Royce’ classic soul.
Like the classic Bentley S2 Continental the company revealed in 2023, the big electric Roller is equipped with an 80 kWh battery pack sending electrons to a proprietary Lunaz drivetrain featuring 400 hp worth of electric motors delivering a silky-smooth 530 lb-ft of torque, good for a 0-100 km/h (62 mph) swoosh in about seven seconds. Of course, why you’d ever ask your driver to perform such plebian stunts is simply beyond me.
The transformation and restoration took more than 5,500 man-hours to complete, and involve more than 11,000 new or reconditioned components at a cost of more than £1 million (about $1.35 million US). If you place your order today, you should get yours in 18-24 months.
Your personalized home solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. The best part? You won’t get a single phone call until after you’ve elected to move forward.Get started, hassle-free, by clicking here.
FTC: We use income earning auto affiliate links.More.
Fortescue has taken the wraps off a prototype of its proposed “Infinity Train” electric locomotive, making the 1,100 km (about 685 miles) trip from Perth to the Pilbara and marking a major milestone in the decarbonization of the company’s heavy haul operations.
Co-developed with the locomotive experts at Downer Group, Fortescue revealed its concept for a battery electric “Infinity Train” back in March of 2022. At the time, the company promised a “world’s first” iron ore train capable of fully charging its batteries through regenerative braking. The two companies claimed the clever technology would create a self-sustaining, zero-emission rail system powered entirely by the force of gravity during the train’s loaded downhill travels.
This week, the concept went from the drawing board to the real world, completing an 1,100 km trip across Australia and proving itself to be up to the task of handling the grueling demands of Fortescue’s massive mining operations.
“We’re thrilled to see our battery electric locomotive prototype arrive in the Pilbara,” said Ellie Coates, CEO of Fortescue Zero. She added that the achievement, using zero fossil fuels, “represent(s) a major step in Fortescue’s journey to Real Zero.”
Advertisement – scroll for more content
The Fortescue Infinity Train uses the energy produced by slowing the loaded train on downhill sections of the company’s 385 mile private, heavy-haul rail network to recharge its battery systems. That energy is enough to bring the unloaded train back to the mine, eliminating the need for external charging infrastructure or additional renewable energy sources, making the train almost entirely self-sufficient.
Fortescue says the deployment of the Infinity Train concept at its mines will eliminate more than 82 million liters of diesel fuel consumption (about 21 million gallons, which ChatGPT tells me amounts to about 235,200 tons of CO₂ emissions).
Your personalized home solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. The best part? You won’t get a single phone call until after you’ve elected to move forward.Get started, hassle-free, by clicking here.
FTC: We use income earning auto affiliate links.More.