|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.
|JACK DANIEL'S RACING SET FOR SANDOWN ENDURO; NORTON HORNETS EAGER TO KICK OFF V8 ENDURO CUPMELBOURNE, Victoria, Australia – Following a pair of promising rounds and a successful test day, the Jack Daniel's Racing Nissan Altimas are set for the first two-driver endurance race of the season, the Sandown 500.|
Teaming up with Todd Kelly aboard the number 7 machine is Nissan factory driver Alex Buncombe, who will be making his V8 Supercars debut at the event.
The Brit tested with Jack Daniel's Racing at the season opening Sydney Motorsport Park test day, with the event followi....
|TUDOR UNITED SPORTSCAR CHAMPIONSHIP, ROUND 10 IN AUSTIN, TEXAS USA; FACTORY SQUAD CAMPAIGNS THREE PORSCHE 911 RSRSAtlanta. The Porsche North America works team will field a third Porsche 911 RSRs for the first time this season at the TUDOR United SportsCar Championship round in Austin, Texas on September 20. Along with the 911 RSR run by the United State's customer squad Team Falken Tire, a total of four 470 hp GT racers based off the seventh generation of the iconic 911 sports car will compete at the Circuit of the Americas (COTA). With just two rounds left on this season's calendar of the new serie....|
|DYSON RACING TEAM BENTLEY SHARPENED FOR SEASON FINALE(Poughkeepsie, NY / Herndon, VA 9th September 2014) After two solid performances last month at Sonoma Raceway, Dyson Racing Team Bentley is ready to sprint into Rounds 15 and 16 of the Pirelli World Challenge. The season finale double-header races take place at Miller Motorsports Park in Tooele, Utah on Friday, September 12 and Saturday, September 13.|
Following his season debut in the Bentley Continental GT3 #88 at the Sonoma Raceway double-header, Guy Smith wil....
|FORD VOLUNTEER PROJECTS EXPAND IN MIDDLE EAST AS EMPLOYEES GO FURTHER IN NINTH ANNUAL FORD GLOBAL WEEK OF CARING◾More than 13,000 Ford employees, retirees and dealers will work on 310 community service projects in 26 countries for the ninth annual Ford Global Week of Caring|
◾Projects expand in the Middle East as volunteers in Ford's newest region join the global effort
◾Volunteers are putting a special emphasis on projects that support and protect water resources, in keeping with Ford Motor Company's corporate water strategy
Next week, 20 employees from Ford South Africa's Struandale Engine Plant wil....
|MOPAR EVOLVES TO GLOBAL SERVICE, PARTS AND CUSTOMER-CARE BRAND◾More than 130 global markets|
◾More than 500,000 parts and accessories
◾More than 2 million Mopar Vehicle Protection contracts sold per year
◾19 million square feet of warehouse space
◾27 customer-care call centers
◾More than 500,000 Facebook fans
◾Brand encompasses entire customer after-sales experience for Chrysler Group LLC and Fiat S.p.A. Automotive Group customers
September 2, 2014 , Auburn Hills, Mich. - Starting as the name of a single product — antifreeze — the Mopar bran....
|PIRELLI WORLD CHALLENGE, ROUNDS 13 AND 14, SONOMA, CALIFORNIASonoma, California. Ryan Dalziel, Michael Mills and Jack Baldwin scored two class victories and three runner-up positions between them in Rounds 13 and 14 of the Pirelli World Challenge this past weekend at the Cadillac Grand Prix of Sonoma. On Saturday, Michael Mills (Angleton, Texas) added to his points lead in the GT-Amateur (GT-A) class by sprinting to a fourth straight victory in his EFFORT Racing Porsche 911 GT3 R. Ryan Dalziel (Winter Park, Florida) finished second overall in GT class in ....|
|Toyota Indiana Adding 300 Jobs to Build More Highlanders• Popular SUV Added to Second Assembly Line, Improving Production Flexibility |
PRINCETON, Ind., Aug. 22, 2014 – The regional economy is about to get a boost because Toyota Indiana is on the grow again. The plant will invest $100 million and add 300 jobs by summer 2016 to boost production of the popular Highlander midsize sport utility vehicle. This expansion will bring Toyota Indiana's overall investment to $4 billion. This step allows Toyota to utilize existing capacity in Nor....
|DYSON RACING TEAM BENTLEY TO RACE SECOND CONTINENTAL GT3 IN PIRELLI WORLD CHALLENGE• Car number 88 will enter the line-up at Sonoma Raceway|
• Bentley Boy Guy Smith to pilot second Bentley; joins Butch Leitzinger
(Poughkeepsie, NY / Herndon, VA 21st August 2014) Dyson Racing Team Bentley announces a second Continental GT3 will enter the Pirelli World Challenge beginning with this weekend's Round 13 and 14 races. Bentley Boy Guy Smith will pilot the number 88 car in a double header race weekend at Sonoma Raceway on Saturday, August 23 and Sunday, August 24.