It looks like no one is immune to the slowdown in online sales. Both companies predicted lower quarterly revenue than Wall Street had expected. Read More...
Reuters
Ferrari fits new Purosangue SUV with trademark V12 roar
MILAN (Reuters) -Ferrari said it first ever sport utility vehicle, the Purosangue, will be powered by its gas-guzzling 12-cylinder trademark engine, in a break from the Italian carmaker’s recent focus on less polluting models. “We’ve tested several options, it was clear that the V12, for the performance and driving experience it could provide, was the right option for the market,” Ferrari Chief Executive Benedetto Vigna said on Wednesday. Vigna, a former tech industry chief who will present his first comprehensive business plan for Ferrari on June 16, would not be drawn on the price or production figures for the Purosangue (Thoroughbred), which will be launched within months.
