Here's How Ferrari Will Double Its Profits To $2.5 Billion By 2022

Ferrari is unquestionably at the top of its game right now and it has no intention of ever coming down from that high perch. It also wants to continue making lots of money. In fact, it wants to double its current earnings, according to aReutersreport. The Italian supercar company wants to increase its profits to $2.5 billion by no later than 2022. To accomplish, not only will itsupcoming first-ever SUV在2020年底,由于,be vital, but also hybrids. Beginning in 2019, Ferrari hybrids will be a part of its lineup.

We don't know at the moment which specific models will be receiving hybridization, but we do expect for the SUV's output to be aided by hybrid tech. Eventually, Ferrari's entire lineup will utilize hybrid power, as the LaFerrari served as a test bed for the technology. But will hybrids and an SUV be enough to double Ferrari's earnings? CEO Sergio Marchionne is especially bullish on the matter. "We are absolutely convinced that these numbers are doable," he said. "The house is firing on all cylinders, we are in a good place." Not surprisingly and possibly thanks to this announcement, Ferrari shares closed 7.5 percent higher last Thursday.