|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.
|DAUGHTERY, JACKSON LAND NISSAN ITS 96TH AND 97TH NATIONAL CHAMPIONSHIPS AT 51ST SCCA RUNOFFS AT LAGUNA SECA• Podium sweep in GT3, six overall podiums net strong showing at annual classic|
David Daughtery may long be remembered for winning his eighth Sports Car Club of America (SCCA) National title at Laguna Seca this weekend, but it was a sportsmanlike act of kindness shown a first time competitor that won the veteran racer praise from fellow SCCA racers.
On Friday afternoon, Daughtery drove his yellow Nissan 370Z from pole position to an impressive win in the T3 category, briefly losing ....
|BMW GROUP GLOBAL SALES GROWTH CONTINUES IN SEPTEMBER• September sales up 5.3% with 199,799 vehicles delivered to customers|
• First three quarters see sales rise 6.5% to 1,529,880 vehicles
• Over 10,000 BMW i3s sold in the year-to-date
Munich. Overall sales of BMW, MINI and Rolls-Royce vehicles have continued to grow, making it the BMW Group's best ever September. A total of 199,799 vehicles were delivered to customers, an increase of 5.3% on the same month last year (189,664). The first three quarters of 2014 were....
|LAMBORGHINI, IMSA EXTEND PARTNERSHIP THROUGH 2018; 2015 BLANCPAIN SUPER TROFEO NORTH AMERICA SCHEDULE RELEASEDSANT'AGATA BOLOGNESE, Italy (Oct. 10, 2014) - Automobili Lamborghini and the International Motor Sports Association (IMSA) have extended their partnership for the next four years, with the Lamborghini Blancpain Super Trofeo North America championship being contested under IMSA sanction through the 2018 season.|
As part of the extended partnership, the 2015 Lamborghini Blancpain Super Trofeo North America event calendar was unveiled. The schedule features 10 rounds at five venues at some....
|Porsche Announces Rennsport Reunion V• The World's Largest Gathering of Porsche Race Cars and Drivers Come Back to Monterey for an Encore |
ATLANTA – Porsche Cars North America (PCNA) and Mazda Raceway Laguna Seca announced today that the next Porsche Rennsport Reunion will again take place at the famed California racetrack the weekend of October 9-11, 2015.
Hosted by PCNA, Rennsport Reunion V will, once again, bring together an extraordinary gathering of significant Porsche vintage and current racecars, as well t....
|SALES BOOST PUTS BENTLEY ON THE ROAD TO RECORD YEAR• Strong growth continues in the first nine months of 2014|
• Global deliveries increase by 19%
• New models drive sales success
(Crewe, England. 8th October 2014) Nine months in to 2014 and Bentley's aim of having a record breaking year is firmly on track. Global deliveries increased by 19%, to 7,786 cars, up from 6,516 cars in the same period in 2013.
Bentley's four key regions, Americas, China, Europe including the UK, and Middle East all saw strong performance, with the America....
|BENTLEY MOTORSPORT REVIEWS 2014 SEASON• Team reflects on a successful debut season for the Continental GT3|
• Bentley finishes 2nd in Blancpain Endurance Series
• Bentley Boys Smith, Kane & Meyrick runners-up in Drivers' Championship
• Dyson Racing Team Bentley score Bentley's first U.S. victory
• Bentley Motorsport begins Project NBR15, starting development for 2015 Nürburgring 24 Hours with two test VLN races
• Continental GT3 soon to race in China and Australia
• Bentley Motorsport releases Spa 24-hr film
(Crewe, 7th O....
|AUDI R8 LMS ULTRA WINS ADAC GT MASTERS• René Rast/Kelvin van der Linde are the new Champions|
• Prosperia C. Abt Racing defends title in the team classification
• Audi R8 LMS ultra wins second championship title in 2014 season
Ingolstadt, October 5, 2014 – René Rast (D) and Kelvin van der Linde (RSA) have won the ADAC GT Masters 2014 in the finale at Hockenheim. As a result, Audi celebrates winning its second championship title within 14 days with the Audi R8 LMS ultra, after the production based GT3 racecar had already sc....