|FERRARI ANNOUNCES RECORD RESULTS FOR FIRST NINE MONTHS OF 2012|
| • Revenues of 1,764 million euro (+10 %)|
• 5,267 road cars delivered (+6%)
• Trading profits of 232.8 million euro (+9.6%)
• Net profits 152.4 million euro (+7.6%)
• Best-ever industrial net cash: 959 million
• Excellent sales in US (+16%), UK (+37%), Germany(+9%) and Japan (+20%)
• Eddy Cue of Apple joins board
Maranello, 7th November 2012 – The Ferrari board of directors met today under the chairmanship of Luca di Montezemolo to examine the company's financial results for the first nine months of 2012. As of September 30th, Ferrari has recorded unprecedented revenues of 1,764 million euro (+10 per cent) and numbers of cars delivered to the dealership network 5,267 (+6 per cent). Trading profits increased by 9.6 per cent to 232.8 million euro, while net profits grew 7.6 per cent to 152.4 million. The company's industrial net cash position reached almost 1 billion euro - an all-time record figure of 959 million euro - despite continuing commitment to maintaining an extremely high level of investment in product development. Ferrari also chalked up a net cash flow of 251 million euro in the first nine months of the year. The product mix was excellent with 12-cylinder model sales up 22 per cent thanks to the success of the FF and the 8-cylinder models, particularly the Ferrari California 30 and the 458 Spider. The racing GT2 and GT3 versions of the 458 Italia took the titles in their respective categories last weekend in the GT Open Championship after having already won the FIA World Endurance Championship beating competition from the world's leading manufacturers. The USA confirmed its position as Ferrari's largest market internationally with 26 per cent of total sales after delivery of 1,354 cars with a growth of 16 per cent. The UK market saw record sales of 504 cars, a leap of 37 per cent, while Germany saw continued growth (+9 per cent) with 534 cars delivered, consolidating its position as the largest European market. In the Far East, the positive trend in Greater China continued (+7 per cent) with 566 cars delivered, while Japan saw deliveries of 214 cars, an increase of 20 per cent. Results from the Middle East were in line with the excellent figures obtained in 2011, with 274 cars delivered. Sales in Italy, as in the previous two quarters, were down with 238 cars delivered in the first nine months of 2012 (-49 per cent). 'These results confirm Ferrari's excellent performance in practically all of the 60 nations in which it is present despite the continuing economic climate. Once again the exception is Italy where we have witnessed a drop partly due to the economic crisis, but also to a hostile environment for luxury goods which have long been, and continue to be, an important resource for the country,' said Luca di Montezemolo who then announced the addition of a new Ferrari board member. 'I am delighted that Eddy Cue, one of the main driving forces behind Apple's range of revolutionary products, has now joined our board. His huge experience in the dynamic, innovative world of the Internet will be of great assistance to us.' Eddie Cue is Apple's Senior Vice President Internet Software and Services and oversees Apple's industry-leading content stores including the iTunes Store, the revolutionary App Store and the iBookstore, as well as Siri, Maps, iAd and Apple's innovative iCloud services. He is a 23-year Apple veteran and played a major role in creating the Apple online store in 1998, the iTunes Music Store in 2003 and the App Store in 2008. He earned a bachelor's degree in Computer Science and Economics at Duke University. 'I am pleased and proud to become a member of the board. I have personally dreamed of owning a Ferrari since I was 8 years old and have been lucky to be an owner for the past 5 years. I continue to be awed by the world-class design and engineering that only Ferrari can do,' said Eddie Cue, commenting on his nomination to the board. Ferrari's Brand-related activities (licensing retail and e-commerce) continue to grow. Revenues from the online store are up 32 per cent while those generated by licenses were up 20 per cent, with Puma proving particularly robust. Ferrari also recently signed an agreement with Mondo TV for the production and distribution of The Drakers, an original animated series for young viewers that is inspired by the world of Ferrari. Visits to Ferrari.com were also up by 20 per cent, while Facebook has almost 10 millions fans and views on the Ferrari YouTube channel have exceeded 20 million.
|EFFORT RACING AND PORSCHE MOTORSPORT ANNOUNCE EXPANSION OF YOUNG DRIVER PROGRAM IN NORTH AMERICAHouston, Texas, January 28, 2015. Pirelli World Challenge GT-A champions EFFORT Racing and Porsche Motorsport North America (PMNA) have announced the next step in Porsche's overall strategy to search and support young sports car racing driving talent - the new Porsche Motorsport North America Young Driver Program for 2015.|
The two drivers who will pilot the EFFORT Racing Porsche 911 GT3 R racecars are veteran Ryan Dalziel (Winter Park, Florida) and Michael Lewis (Laguna Beach, Califor....
|FORD, LINCOLN DEALERS GIVE COMMUNITIES NEARLY $100 MILLION IN 2014◾Last year, 82 percent of Ford and Lincoln dealers contributed financially and 95 percent volunteered time to local causes, according to annual Ford Survey on Dealer Giving|
◾Ford and Lincoln dealers donated nearly $100 million and volunteered nearly 1 million hours in 2014
◾Six dealers honored with this year's Salute to Dealers awards
Ford and Lincoln dealers gave nearly $100 million to local causes and nonprofits in communities across the United States in 2014, according to Ford Motor Comp....
|INGERSOLL RAND BECOMES ‘OFFICIAL POWER TOOLS OF IMSA'• Multi-Faceted Agreement Makes Company an Official Partner of IMSA|
DAYTONA BEACH, Fla. (Jan. 23, 2015) – The International Motor Sports Association (IMSA) and Ingersoll Rand has announced a multi-year partnership designating the global brand as the 'Official Power Tools of IMSA.'
The multi-faceted agreement also designates Ingersoll Rand as the 'Official Power Tools of NASCAR' and as a contingency sponsor of the NASCAR® Sprint Cup Series and NASCAR Touring & Weekly Series. ....
|BENTLEY CONFIRMS DRIVERS FOR BATHURST CHALLENGE•Two Continental GT3s ready for opening race of the 2015 season|
•Four Works professional drivers joined by two Silver team mates
•Guy Smith, Steven Kane and Matt Bell for car #10
•Andy Soucek, Maximilian Buhk and Harold Primat for car #11
(Crewe, 22nd January 2015) Bentley Motorsport announces its six-man driver line-up for the opening race of Bentley's 2015 season, the Liqui-Moly Bathurst 12 Hour. With the regulations of the event stipulating that every car must feature a combinati....
|AUDI R8 LMS RACE TEAMS KICK-OFF 2015 SEASON AT ROLEX 24 IN DAYTONA◾Paul Miller Racing and Flying Lizard Motorsports return to race in the twenty-four hour classic|
◾Endurance race winning driver line-up in both cars
◾Teams look to compete for a second Audi victory at Daytona
Paul Miller Racing and Flying Lizard Motorsports look to compete in the 53rd running of the Daytona 24 hour race. Both race teams bring considerable endurance racing experience to the effort with a total of four 24 hour race winners taking the wheel.
The Audi customer-racing teams, ....
|SEASON STARTS FOR AUDI AT DAYTONA• Two Audi customer teams to contest 24-hour race in Florida (USA)|
• Audi R8 LMS competes in numerically strongest class
• Audi driver Markus Winkelhock: Daytona is like a sprint race
Ingolstadt, January 19, 2015 – The 2015 season opens with an endurance classic in the USA for Audi customer racing. Two Audi R8 LMS will start at the 53rd running of the 24 hours of Daytona. Following the first victory for an Audi at Daytona two years ago, and a second place last season, the two cu....
|Lotus sales up 54% world-wide for the first nine months of the financial year• 81% sales increase EU overall|
• 88% increase in UK
• 143% increase in France
• 139% increase in Germany
• 29% up USA; 50% up Canada
• 24% up Asia and Middle East
• 130% sales increases in China; 125% in Japan
• Lotus Motorsport shows 19% increase
• 163 dealers, 25 more than nine months ago, 50 more in pipeline by the end of 2015.
• Exciting reveal in Geneva
Announcing that overall sales are up by 54% in the past nine months provides tangible proof that the forward strategy establi....
|THE McLAREN P1 GTR TO DEBUT AT GENEVA◾Production-intent model to premiere at the 2015 Geneva Motor Show|
◾In excess of 700 PS per tonne power-to-weight ratio achieved through motorsport-derived weight-saving and powertrain optimisation
◾Testing continues at global circuits in Europe and the Middle East
◾High definition video shows the latest stages in the McLaren P1™GTR development programme at: http://youtu.be/4pDwmMruOtA
The development programme for the most powerful and most exclusive McLaren model to-date has been stepped....