Ferrari

Ferrari stock has risen by more than 7 per cent after the Italian car maker announced unexpectedly strong third-quarter earnings and the company's CEO raised doubts over a 100 per cent electric future. Ferrari's third-quarter 2020 earnings rose by 6.4 per cent to a higher-than-forecast €330 million (or AU$538 million), despite shipments and revenue both falling.

Sales of Porsche, Ferrari and Maserati sports cars hit the accelerator in September as the rest of the car market hit reverse with a 20 per cent decline. Official figures from the Federal Chamber of Automotive Industries (FCAI) show Porsche sales increased by 33 per cent in September compared to the same month last year, while Maserati sales more than doubled and deliveries of Ferraris increased by 8.7 per cent.

Ferrari has unveiled a new GT model in the 2021 Portofino M, a so-called "evolution" of the Italian marque's existing entry-level, hardtop convertible, the Portofino. Set to commence European deliveries in the second quarter of 2021, the Portofino M will land in left-hand drive markets first, where pricing will kick off from 206,000 euros, or roughly AU$333,498.

Ferrari has lost a complicated legal battle to preserve the trademark to one of its most iconic models of all time – and one of the most expensive cars in the world. The Ferrari 250 GTO is a V12-powered road-legal race car made from 1962 to 1964. Now a landmark ruling by the European Union Intellectual Property Office could pave the way for replicas and kit cars copying the classic design of one of the rarest and most collectible Ferraris ever made.

A Ferrari test mule fitted with what is believed to be a hybrid V6 has been caught on camera driving around Maranello, Italy. The Ferrari 488 was being used as a platform to test the new hybrid engine near Ferrari headquarters, complete with mysterious wires and stickers warning of the battery packs fitted, and was caught on camera by the YouTube channel Varryx.