Ferrari has unveiled its latest five-year plan at its Capital Markets Day overnight, detailing its model strategy, plans to electrify its lineup, and the name of its first-ever crossover.
The company will base its new models on two architectures: one with a mid-engine layout, the other with a powertrain located up front behind the axle, feeding a transmission on the rear axle.
Above: Ferrari 488.
Its mid-engine platform will be used for a two-tier sports car range, including a 488 successor, which will be "focussed on maximum fun to drive". Technology "inspired" by Formula One, likely a hybrid setup and cabin interfaces, will feature prominently.
In comments reported by Road & Track, Enrico Galleria, Ferrari's head of marketing, said the second car will be a "top-of the-range model ... set to deliver uncompromised performance" on a supercar level.
Ferrari says by 2021 its sports car family will have a "full hybrid range". The company expects its sports cars to account for roughly 50 per cent of volume in 2022.
Above: GTC4 Lusso, currently the most practical Ferrari.
The other key pillar in Ferrari's model plan is its 'gran turismo' range, which is designed to bring Ferrari "back to its origins", with a focus on "style, elegance and driving emotions". The range should account for around 40 per cent of Ferrari's volume by 2022.
It will also greatly expand the pool of potential customers through its first-ever crossover, which is due by 2020. That's right, the rumours were true.
Codenamed Purasangue (thoroughbred in Italian) the crossover will reportedly offer the "best performance and fun-to-drive in the segment", and have "revolutionary accessibility and state-of-the-art comfort on-board".
The new GT range will be available with plug-in hybrid drivetrains, and the modular platform will allow for two-seat, two-plus-two, and four-seat layouts.
Above: Ferrari Monza SP1, its first "Icona" model.
Ferrari will also keep pumping out special edition models with higher performance drivetrains, more advanced technology, limited production runs, and significantly higher price tags than their 'series production' cars.
In addition to this, the company is also planning to release "Icona" limited edition models with "innovative materials and state-of-the-art technologies". The first models in the Icona line, the Monza SP1 and SP2, were unveiled overnight.
Above: LaFerrari, the company's most recent hypercar.
The carmaker is planning a new hypercar. While some of the investment and technology required will be developed during this five-year plan, the new hypercar won't appear until after 2022.
In addition to augmenting its internal combustion engines with hybrid and plug-in hybrid technology, the company has confirmed it is also working on a new V6 engine family.
The existing V12 motor will see "continuous developments", while the V8 engine will gain "technological step-ups". Ferrari is also working on a new dual-clutch transmission.
According to Louis Camilleri, Ferrari's new CEO, the prancing horse marque expects to have earnings before interest, tax, depreciation and amortisation (EBITDA) of between €1.8 and €2.0 billion ($2.9 and $3.2 billion) by 2022.
Camilleri was elevated from his position as a Ferrari board member to CEO in the days before Sergio Marchionne unexpected death earlier this year. In an earlier life Camilleri served as the CEO of cigarette maker Philip Morris.