Archive for the ‘Ferrari’ Category

It’s Official: Rolls-Royce SUV Will be Named Cullinan

A diamond in the rough?

by on Feb.13, 2018

Project Cullinan is about to make its debut as the Rolls-Royce Cullinan.

Surprise: Rolls-Royce plans to call its first-ever SUV the Cullinan. Oh, wait, you already knew? Well, the reality is that folks inside the British maker have been referring to the ultra-luxurious  ute for some time as “Project Cullinan,” but the company only now is making that the official choice for the production model.

So, with a little less than shock value to the name, Rolls has also released an assortment of pictures of what it prefers to call a “high-bodied vehicle.”  And, if you’re wondering, it’s an appropriate moniker for something targeting the world’s most affluent motorists, making reference to the largest diamond ever discovered.

Product News!

“The name Cullinan has been hiding in plain sight since we revealed it as the project name some years ago,” explained Torsten Müller-Ötvös, Chief Executive Officer of Rolls-Royce. “It is the most fitting name for our extraordinary new product. Just like the Cullinan Diamond, the largest flawless diamond ever found, it emerges when it is perfect and exists above all others.”

(more…)

Ferrari Will Ride Hybrid, SUV Sales to Debt-Free Status

Marchionne says new vehicle sales will make company debt-free a year early.

by on Feb.02, 2018

Ferrari CEO Sergio Marchionne said the company will be debt-free sooner than expected.

What Oprah Winfrey is the giving away free cars, Sergio Marchionne is to promising to make automakers debt-free!

Marchionne told investors in a conference call today that the Italian sportscar maker will be debt-free a year earlier than he predicted, while pushing earnings to $2.5 billion by 2022. The sweater-wearing leader told FCA investors that the company would be debt-free by the end of the year.

The Last Word!

He believed that the increased production levels and coming products, especially hybrids, EVs and the sport-utility vehicle will drive the increase in earnings. (more…)

McLaren Captures Most Beautiful Car Award for 2017

Company's 720S beats out entries from Aston, Ferrari and Porsche.

by on Feb.01, 2018

The 720S boasts a name that matches its horsepower: 720. It comes from a 4.0-liter twin-turbo V8.

The McLaren 720S was named “The Most Beautiful Supercar of the Year 2017” at the Festival Automobile International Awards in Paris.

The award was given by a jury of 17 members from a diverse range of industries, who named the 720S the Most Beautiful Supercar of the Year 2017 against fierce competition from Aston Martin’s V8 Vantage, Ferrari’s Portofino and the Porsche Panamera.

News You Can Trust!

“The 720S being awarded the Most Beautiful Supercar of the Year is another great achievement and honor for everyone at McLaren Automotive,” said David Gilbert, McLaren’s managing director for Europe. (more…)

Marchionne Confirms Plan for Ferrari SUV, Hints at Battery Supercar

“Ferrari Utility Vehicle” will be world’s fastest, promises CEO.

by on Jan.17, 2018

Sergio Marchionne said Ferrari will produce a sport-utility vehicle, like competitors Lamborghini, Porsche and others.

There are SUVs, CUVs and, soon, there will be an FUV. And before you try to guess what that means, Sergio Marchionne calls it the Ferrari Utility Vehicle – though considering the disdain some of the brand’s gold chained owners often display, you might come up with a different interpretation.

Rumors of a Ferrari sport-utility vehicle have been circulating for some time, and after dropping some earlier hints, Marchionne made it absolutely official during a series of appearances and conversations at the North American International Auto Show this week.

Stay Plugged In!

The executive, who heads both Fiat Chrysler Automobiles and the Ferrari brand it spun off two years ago, suggested that we could see the new hyper-ute by sometime next year or into 2020, emphasizing his intent for it to be the world’s fastest utility vehicle. (more…)

Buh-Bye Camry; Pickups, SUVs Now Own Top Sales Spots

Toyota's mainstay sedan didn't even crack the Top 5.

by on Jan.05, 2018

Despite giving the Camry a stylish makeover the sedan continued to lose momentum last year.

If anyone still questions the way light trucks have come to dominate the U.S. automotive market you only need look at the 2017 sales charts to see how passenger cars are on virtual life support these days.

Perhaps the most significant development finds that the Toyota RAV4 last year outsold the Camry for the first time ever. And so did the Nissan Rogue.

The Last Word!

The overall numbers for 2017 weren’t good, the U.S. market posting its first decline since the end of the Great Recession. And demand likely would have dipped more than the modest 5% if it weren’t for the strong, late-year surge as motorists in Florida and Texas raced to replace vehicles destroyed during the summer’s devastating hurricanes.

(more…)

Lottery Winner? Here’s a Few Options for That Cash

Bring a big checkbook and be prepared for speed, speed and more speed.

by on Jan.03, 2018

With some lottery winnings, this could be an early purchase on a spending spree of millions of dollars.

With lottery winnings possibility encroaching upon a $1 billion, players often wonder aloud what they might spend their winnings on, if they should manage to pick the correct six numbers.

Fortunately, there are plenty of options in the automotive world. Though a completely tricked out Ford Mustang or Bentley Bentayga – more likely, the new Volvo V90 in the case of one ticket-holding automotive scribe – might top the list, there are even bigger items.

An Award Winning News Source!

If one holds a ticket worth nearly half a million dollars, adding an additional set of zeroes before the decimal point is certainly within a winners newly expanded budget. (more…)

Ferrari Doubling Production a Year Early

If maker hits mark, profits soar past $2 billion.

by on Dec.13, 2017

The Portofino is Ferrari's latest model. CEO Sergio Marchionne is pushing for production levels to double, perhaps next year.

It would appear that CEO Sergio Marchionne is finally getting his wish to bulk up the production of Ferraris as the Italian sports carmaker plans to produce 9,000 vehicles next year.

Marchionne has long wanted to produce more vehicles to squeeze more profits out of the company. It led to a dispute with the former chief, Luca di Montezemolo, which led to his departure from Ferrari. Montezemolo was concerned that building too many vehicles would cut the exclusivity of the brand and lower its value.

Product News!

Clearly, Marchionne disagreed but the new production numbers are a full year ahead of even his projections, according to Automotive News. (more…)