|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.
|INFINITI'S GLOBAL GROWTH PLANS GATHER PACEHONG KONG – Since establishing its global headquarters in Hong Kong and inaugurating Infiniti Motor Company Limited, Infiniti has taken decisive steps to strengthen its brand presence and globalize its business.|
The relocation to Hong Kong means Infiniti is strategically placed for growth in emerging luxury markets such as China while remaining closely connected to the west.
An experienced management team has been assembled comprising leading multi-national executives from stand-out....
|FORD'S 2020 VISION: IMPROVED OPERATING MARGIN, MORE BALANCED GEOGRAPHIC PROFITABILITY, STRONG SALES GROWTH◾Ford continues aggressive implementation of its One Ford plan, remaining focused on product excellence and innovation for its customers; Ford expects that by 2020 its annual global sales will increase by 45 to 55 percent to approximately 9.4 million|
◾Company plans to grow faster than the industry in both volume and revenue and generate positive automotive operating-related cash flow through 2020
◾Ford projects automotive operating margin of about 8 percent by 2020 with a long-term target of b....
|Laurens Vanthoor wins title in Blancpain Endurance Series for Audi• #1 Audi R8 LMS ultra wins in finale at the Nürburgring |
Belgian Audi Club Team WRT wins teams' classification as well
• First title for the Audi R8 LMS ultra in the 2014 season
Laurens Vanthoor in the Audi R8 LMS ultra won the driver title in the Blancpain Endurance Series (BES) for Audi Sport customer racing. In the season finale, the Nürburgring 1000, the mere 23-year-old Belgian together with Christopher Mies and César Ramos was victorious in difficult condition....
|BENTLEY MOTORSPORT & ABSOLUTE RACING TO COMPETE IN CHINA• Continental GT3 set to race in Shanghai and Macau in 2014|
• Absolute Racing partners with Bentley
• Third continent for Bentley's race-winning GT3 programme
(Crewe, 23rd September 2014) Bentley Motorsport announces the next phase of its race-winning Continental GT3 programme, with the signing of a partnership with Absolute Racing in China. The Continental GT3 will make its Chinese race debut in the Shanghai round of the GT Asia series from 10th to 12th October, following a display ....
|TUDOR UNITED SPORTSCAR CHAMPIONSHIP, ROUND 11 OF 12, AUSTIN, TEXASAustin, Texas. Not only were the eyes of Texas upon the Circuit of the Americas (COTA) today, the entire sports car racing world witnessed a GT Le Mans (GTLM) class battle that will see the inaugural TUDOR United SportsCar Championship Manufacturer title fight go to the last race of the season. A third place finish by the No. 912 Porsche North America Porsche 911 RSR helped the German marque retain the point lead in the class for road car-based racecars. However, with Dodge's Viper taking....|
|LAURENS VANTHOOR WINS TITLE IN BLANCPAIN ENDURANCE SERIES FOR AUDI#1 Audi R8 LMS ultra wins in finale at the Nürburgring|
◾Belgian Audi Club Team WRT wins teams' classification as well
◾First title for the Audi R8 LMS ultra in the 2014 season
Ingolstadt, September 21, 2014 – Laurens Vanthoor in the Audi R8 LMS ultra won the driver title in the Blancpain Endurance Series (BES) for Audi Sport customer racing. In the season finale, the Nürburgring 1000, the mere 23-year-old Belgian together with Christopher Mies and César Ramos was victorious in diffic....
|ASTON MARTIN'S DOUBLE-WIN IN AUSTINAustin, 20 September 2014 - Aston Martin Racing has won both the GTE Pro and GTE Am classes of the fourth round of the FIA World Endurance Championship (WEC), the Six Hours of Austin, in a dramatic race that saw the drivers and team deal with torrential rain and hours of darkness.|
The #97 V8 Vantage GTE driven by Stefan Mücke (DE) and Darren Turner (GB) started the race from second in the GTE Pro class at 1700hrs local time today (20 September). Mücke was first in the car and quickly t....
|BENTLEY CELEBRATES SEASON FINALE WITH TWO CHAMPIONSHIP SECOND PLACESTeam M-Sport Bentley finishes 2nd in Blancpain Endurance Series|
• Bentley Boys Smith, Kane & Meyrick finish 2nd in Drivers' Championship
• Tough race sees Continental GT3 finish 5th and 7th in class
• Successful end to debut season for Continental GT3
(Crewe, 22nd September 2014) Bentley Motorsport and technical partner M-Sport celebrate the conclusion of the 2014 Blancpain Endurance Series by securing second place in both the Team and Drivers Championships with a strong performance....