Tag: car

  • Auto sales down 3 pct in 2021

    Auto sales in Vietnam last year dropped 3 percent from 2020 to 383,444 units as the fourth Covid-19 wave forced dealers to shut down.

    The sales figure is a combination of data from the Vietnam Automobile Manufacturers Association (VAMA), TC Motor, and VinFast.

    VAMA, which includes Truong Hai Auto Corporation (Thaco), Toyota, and Honda, saw 277,203 units sold, down 2 percent from the previous year.

    TC Motor, which distributes Hyundai cars, saw sales declining 13.3 percent to 70,518 units.

    VinFast posted a growth of 21.2 percent to 35,723 units.

    In the third quarter last year, most auto units in the south were shut down as the Delta variant spread.

    But a 50 percent reduction in the registration fee, which came into effect in December and will last until the end of May this year, pushed up sales.

    VAMA members sold 43,526 units in December alone, the highest last year. December was the fourth month in a row that auto sales rose.

    Most media representatives of auto brands in Vietnam expect a recovery in sales this year as the Covid-19 pandemic seems to be under control.

  • Vietnam cut excise duty on battery electric car

    Vietnam cut excise duty on battery electric car

    The National Assembly Tuesday voted to cut excise on battery-run electric cars to 3 percent for a period of five years.

    With effect from March 1, the tax on various types of battery electric vehicles (BEVs) will be reduced by 3-12 percentage points from current levels and be valid until Feb. 28, 2027.

    In 2027, they will revert to current levels of 5-15 percent.

    The National Assembly’s Standing Committee said the introduction of incentives to attract investors earlier than other Southeast Asian countries would create great opportunities for Vietnamese companies to produce BEVs for both domestic and foreign markets.

    A number of companies are preparing to begin the production of BEVs.

    “Electric cars are both environment-friendly and suitable for practical use,” Vu Hong Thanh, chairman of the House Economic Committee, said.

    Automaker VinFast has tied up with a Chinese company to research and manufacture electric car batteries as part of its vision to become a global brand.

  • Amazon Will Be The First Customer For The RAM ProMaster EV

    Amazon Will Be The First Customer For The RAM ProMaster EV

    Stellantis owned RAM is also slated to go EV first sometime by the end of the decade. Stellantis announced a bunch of partnerships at CES especially big ones with Amazon, but hidden within them was a footnote around RAM’s upcoming ProMaster electric van which will launch in 2023.  Amazon will become its first commercial customer. Notably, this news comes after it was revealed that Rivian’s exclusivity its for its order of 100,000 electric vans ends in 2023 and it will be free to sell its electric van to third parties. This is notable because Amazon is also a major investor in Rivian.

    Rivian expects to ship the first 10,000 units in 2022 and has already started delivering its electric van to Amazon which has already been spotted in the wild. Amazon reportedly has ordered thousands of ProMaster EVs as the e-commerce giant attempts to clean up its carbon footprint on the logistics side of its business.

    This is not the first time Stellantis has partnered with Amazon. Amazon in the past has had separate relationships with RAM, Fiat, Peugeot, and Citroen. Interestingly, Fiat and RAM are part of FCA which merged with PSA which includes Peugeot and Citroen to form Stellantis.

    The RAM ProMaster EV is being billed as a competitor to the Ford E-Transit. “We always knew that our ambitious sustainability goals in our last mile operations would require multiple electric delivery van providers. We continue to be excited about our relationship with Rivian, and this doesn’t change anything about our investment, collaboration, or order size and timing,” said an Amazon spokesperson.

    FCA was owned by Exor, the holding company of the Agnelli family which also owns Ferrari separately. After the merger with PSA, Exor continues to have a major holding in Stellantis with John Elkan being on its board. Ferrari in the last couple of years has become very close to Amazon for AWS.  Amazon is also working with Stellantis for AWS and STLA.

    In fact, Rivian, whose 20 percent stake is owned by Amazon has also released a statement on the deal – and said it is good for the industry. “Large fleets focused on electrification and carbon neutrality represent a win for the mission of both companies. Amazon’s scale is globally unprecedented, and we expect them to purchase vehicles from many providers – our own partnership with them is intact, thriving, and growing,” said Rivian on the announcement of the partnership between Amazon and RAM.

  • BMW To Create Up To 6,000 New Jobs Next Year

    BMW To Create Up To 6,000 New Jobs Next Year

    Germany’s BMW plans to create up to 6,000 new jobs next year to prepare for the growing demand for its electric vehicles, the carmaker’s chief executive said.

    BMW is on a very good path through the transformation and has its plants prepared for e-mobility, Oliver Zipse was quoted as saying in an interview published on Wednesday. “That is why we will increase our workforce by up to five percent next year.”

  • Sony Looks To Electric Cars For Its Next Big Hit

    Sony Looks To Electric Cars For Its Next Big Hit

    Japan’s Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility.

    The new company, Sony Mobility Inc, comes as the Japanese tech giant is “exploring a commercial launch” of electric vehicles, Sony chairman and president Kenichiro Yoshida told a news conference, speaking ahead of the CES technology trade fair in the United States.

    “With our imaging and sensing, cloud, 5G and entertainment technologies combined with our contents mastery, we believe Sony is well-positioned as a creative entertainment company to redefine mobility,” he said.

    Although its once-dominant position in consumer electronics has been eroded by Asian rivals like South Korea’s Samsung Electronics Co, Sony still has an arsenal of sophisticated technology in areas such as sensors critical to autonomous driving.

    It also remains one of the world’s biggest entertainment companies, home to prominent video game and movie franchises. Audio and entertainment systems are increasingly a focus for next-generation vehicles.

    Shares in Sony jumped 4.2% in Tokyo after the electric vehicle plans were announced, easily outpacing a flat Nikkei index.

    Yoshida unveiled a prototype sport utility vehicle (SUV), the VISION-S 02, which uses the same electric vehicle platform as the previously announced VISION-S 01 coupe that began testing on public roads in Europe from December 2020.

    He said the company saw mobility as an “entertainment space” where passengers could choose individual entertainment options and use 5G internet connection.

    Wall Street is betting heavily on electric cars and the global auto industry has been upended by Tesla Inc, now the world’s most valuable automaker. Many investors also expect Apple Inc to launch its own vehicle within the next few years.

    Japan’s Toyota Motor Corp in December committed $70 billion to electrify its automobiles by 2030.

  • BMW Claims Outperforming Mercedes-Benz In Sales For The First Time In Six Years

    BMW Claims Outperforming Mercedes-Benz In Sales For The First Time In Six Years

    BMW AG is claiming that it outperformed Mercedes-Benz in terms of sales in 2021. The carmaker has beaten its German counterpart for the first time in the last six years as Mercedes-Benz had been the highest-selling luxury carmaker since 2015. Pieter Nota, Head Of Sales – BMW Group took to LinkedIn saying, “Proudly claiming number one position in the global premium automotive segment for the BMW brand in 2021,” Nota has credited the sales growth to the carmaker’s product range and operational performance.

    That said, BMW is yet to disclose the annual sales numbers of 2021 but has said that deliveries have been tracking ahead of the Daimler AG brand for much of this year. According to reports, the Bavarian carmaker has been comparatively less impacted by the semiconductor shortage crisis. In fact, there is a good chance that Mercedes-Benz’s sales have been impacted mainly due to the semiconductor issue that disrupted production. Mercedes on Monday said scarce supply of components will continue to grip the industry during the first half of the year.

    According to news reports, BMW will publish its full-year sales data on January 12 which is when we’ll get an idea of its sales. The carmaker delivered sold 1.7 million units in the first three quarters of 2021 and exceeded Mercedes-Benz’s by over 1.12 lakh units. Even in India, BMW Group recorded the highest ever sales growth in a decade this year at 35 percent selling 8,876 cars (BMW + MINI) and 5,191 motorcycles in 2021.

  • BMW Group India Records Highest Ever Sales Growth In 2021

    BMW Group India Records Highest Ever Sales Growth In 2021

    BMW Group India has recorded the highest ever sales growth in a decade at 35 percent selling 8,876 cars (BMW + MINI) and 5,191 motorcycles in 2021. While the Bavarian carmaker sold 8,236 units of BMW cars, 640 units of MINI cars were sold in India. BMW India saw over 40 percent contribution from locally manufactured SUVs including the BMW X1, the BMW X3, and the BMW X5. The new models such as the BMW M 340i xDrive, BMW X7 and BMW 3 Series Gran Limousine which were quite a in demand were either completely sold out or had a long waiting period of several months.

    Vikram Pawah, President, BMW Group India said, “BMW Group India has remained strong and resilient with all its three brands – BMW, MINI and BMW Motorrad – posting stellar growth. Greater flexibility and farsighted planning in business processes ensured that we overcame unpredictable market situations and increased our market share. An attractive product portfolio specially designed keeping in mind the requirements of Indian customers and an unwavering emphasis on customer service has significantly propelled brand loyalty and drawn many new customers into our fold.”

    Coming to its sedan range, the BMW 3 Series and the BMW 5 Series continued to be strong performers for the brand. Even the MINI range saw a growth of 25 per cent compared to 2020 sales where the MINI Countryman remained the bestselling MINI contributing over 50 percent to overall sales. The MINI Hatch and the popular MINI Convertible contributed 18 percent each.

  • Toyota To Launch Its Own Automotive Software Platform By 2025

    Toyota To Launch Its Own Automotive Software Platform By 2025

    Japanese automaker Toyota Motor is planning to launch its own operating system, which would be capable of handling advanced operations such as autonomous driving, for its vehicles by 2025, Nikkei reported on Monday. Software is playing an increasing role in vehicles, from managing electric motors and batteries to supporting functions such as autonomous driving, entertainment, and navigation.

    Toyota’s automotive software platform Arene will compete with German rivals, Volkswagen AG and Daimler AG, with Volkswagen working on its ‘VW.OS’ software and Daimler planning to roll out its own ‘Mercedes-Benz Operating System’ in its cars by 2024.

    Toyota is considering a licensing model to make Arene available to other car manufacturers and companies working on electric or self-driving cars

    The Japanese carmaker aims to put the operating system in its own vehicles by 2025, with plans to make it available to affiliates such as Subaru in the future, Nikkei said.

    Toyota is considering a licensing model to make Arene available to other car manufacturers and companies working on electric or self driving cars, the report added.

    Toyota did not immediately respond to Reuters’ request for comment.

  • Tesla’s Bumper Delivery Numbers Charge Up Shares

    Tesla’s Bumper Delivery Numbers Charge Up Shares

    Tesla Inc’s shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers. Shares of the world’s most valuable carmaker ended up 13.5% at $1,199.78 each on Monday, marking the biggest daily percentage gain in nearly 10 months. Analysts expect the strong delivery numbers to bolster 2022 expectations and see the pace of expansion of its new factories in Berlin and Texas to be large determinants.

    “We expect a gradual ramp of Berlin and Austin and anticipate those ramps will lead to a deceleration of exports from Shanghai, many of which have been bound for Europe in 2021,” Cowen analyst Jeffrey Osborne said.

    The company, like others, faces component shortages as a global logistics crunch and factory closures due to the pandemic limited supply. But Tesla managed to overcome much of the problems by reprogramming software to use less scarce chips. Tesla delivered 308,600 vehicles in the fourth quarter, higher than analysts’ forecasts of 263,026 vehicles, which includes its Model 3 compact cars and Model Y sport-utility vehicles and flagship Model S and Model X vehicles, the company reported on Sunday.

    RBC Capital Markets revised its quarterly revenue estimate, bumping it up by $2.3 billion. J.P. Morgan boosted its profit estimates. Still, analysts said Tesla has a lot to watch out for in 2022 as competition heats up with several startup EV companies scheduled to launch their first cars on the road. Legacy automakers such as Ford and General Motors also are shifting focus to electric cars.

    “We see 2022 being a more challenging year than 2021 was in light of increasing competition, and we believe the design of the four vehicles on the road are getting long in the tooth which likely decelerates growth,” Osborne said.

    Some analysts also said Tesla’s stock is over-valued, given its relatively smaller production volume. Tesla, which produced some 930,000 vehicles last year, is about four times more valuable than Toyota Motor which aims to produce 9 million vehicles in the year that ends in March.

  • How to Choose a Sports Car?

    How to Choose a Sports Car?

    Sports cars have always been and still are the object of lust of a true car enthusiast, regardless of his nationality, age, and financial situation. Beautiful, powerful, and high-speed cars look extremely spectacular on the screens and on the glossy pages. But how practical are they in real life?

    Is it worth buying such a masterpiece of design, if you have the necessary sum in your pocket, or is it better to spend them on more practical SUVs?

    General information about sports cars

    It is known that a sports car can provide fast driving, and it is worth noting that the concept “sports car” covers quite a large set of the most effective qualities of cars in general. But there are fundamental differences between sports cars and “ordinary mortal” passenger cars. Here are these differences:

    • An extremely powerful engine, giving you the ability to develop high speed immediately after starting;

    • a typical sports car has just two doors;

    • low landing; a light body, the weight of which is much less than in conventional cars.

    It must be said, however, that today’s market has advanced so much that these attributes are not always respected today. Some famous companies already make sports cars with four doors.

    Manufacturers producing sports cars can be divided into three categories:

    • The first category includes those concerns that produce sports cars in the most sought-after price range. These firms produce sports cars in limited numbers: Bugatti, Pagani, AC Cobra, MG.

    • The second category includes manufacturers who are exclusively engaged in the production of sports cars and racing cars: Alfa Romeo, Ferrari, Porsche, Jaguar, Martin, McLaren, Maserati.

    • And the third category is those manufacturers who produce both sports and simple cars. These are world-famous Mazda, Nissan, BMW, Bentley, Mercedes-Benz, Nissan, and others.

    How to choose a worthy sports car and not to make a mistake

    If you decide to buy a sports car, you should, first of all, get rid of a very common false public opinion: sports cars and sports racing cars are not the same.

    Sports cars are mass-produced for sale to the public, so they require state registration. And, like any other car, it is possible to carry passengers in the sports car. Although there is a popular opinion, that the car is not a luxury, a means of transport, this truth almost does not apply to the sports car. The matter is that the automobile is really luxurious because it indicates refined taste, a certain style of life, and the high financial position of its owner.

    A sports car is a rather expensive purchase, and in order not to make up your mind, you should thoroughly analyze to what extent you need exactly such a car, and what you would like to expect from it. These are quite serious issues that need to be addressed. In this respect, your expectations may not be met because real sports cars have much less comfort compared to conventional cars. So the main advice in our article will be to get used to the character of sports cars. To rent a car sports will be a great solution to this issue.

    Conclusion

    At the end of the article, I would like to add that everything depends only on your preferences. The final decision in the choice of a sports car, in any case, remains for you. And in this case, we would like to hope that our small review will be useful to you. We wish you a successful choice and a safe road!

     

  • Tesla Recalls Over 475,000 Electric Vehicles In The US

    Tesla Recalls Over 475,000 Electric Vehicles In The US

    Tesla Inc is recalling over 475,000 Model 3 and Model S electric cars, the U.S. safety regulator said.

    For Model 3 sedans, rearview cameras mounted on these units might malfunction, increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said.

  • Ferrari Signs Deal With Tech Firm Velas To Create Digital Products For Fans

    Ferrari Signs Deal With Tech Firm Velas To Create Digital Products For Fans

    Ferrari has signed a multi-year accord with Swiss technology firm Velas Network to create digital content for its fans, the luxury sports car maker said on Monday.

    From next season, Velas, a provider of digital products and services, will become a partner of Ferrari’s Formula 1 racing team.

    “In addition, Velas will be Title Sponsor of the Ferrari Esports Series, the online mono-brand series of the Prancing Horse, and of the Esports team that will compete in the F1 Esports Series, the official digital championship competed in by all teams participating in the FIA Formula 1 World Championship,” Ferrari said in a statement.

    Velas is a leading provider of blockchain technology and non-fungible tokens (NFTs), cryptographic assets stored on a blockchain that have an identification code that makes them unique and has gained popularity as a way to sell digital art.

  • Waze users say they are not always being alerted about speed traps

    Waze users say they are not always being alerted about speed traps

    Google Maps is the most popular mapping and navigation app in the U.S. Google also owns Waze which it purchased for a price believed to be in the $1.1 billion to $1.3 billion range. Like Maps, Waze is an app that delivers turn-by-turn directions to help users safely and quickly get from point “A” to point “B.” However, Waze uses information that is crowdsourced to help enhance the data that users receive.

    The information crowdsourced includes police presence, accidents, traffic jams, and more. While Google has taken some features from Waze and added them to Google Maps (such as showing the speed limit on the screen, and the ability to report accidents, and police presence), there are still some major differences between the two apps. Waze’s navigation is mostly suited for cars while Google Maps provides directions for those walking, driving, biking, or taking public transportation.

    In addition, the Waze UI is less detailed than Google Maps as it focuses on the driver experience instead of listing places to go, things to do, and hotels to stay at every destination (which you’ll find on Google Maps). Waze also requires an internet connection while Google Maps will work even if you’re offline. If you drive along rural roads in the U.S. and use Waze, you might want to have Google Maps installed just in case you find yourself in an area without an internet connection.

    Waze users have recently been experiencing inconsistency, especially when dealing with police reports and speed traps. These users say that they are no longer receiving a speed trap alert when they drive toward a location where one was previously reported. While the speed trap does appear on the display as you move closer to it, there is no alert which means that in order to know that a police trap is ahead, the driver has to take his eyes off of the road and put them on the display.The Waze help page includes a question from a Waze user which asks, “I have alerts and notifications selected but I no longer get notified (about police and speed traps) and .. wondering if Waze is no longer allowed to do this? Or is anyone else experiencing this?” A Googler  responded that “People should still be receiving these alerts, we’re not aware of any bugs surrounding this at the moment.”

    He goes on to say, “Do keep in mind that there is a bit of a delay (some minutes) for these to appear. Also, if several people downvote the report when they get it, it becomes more likely that the report will disappear quite quickly. There is also a system that determines how trustworthy reports are from each user. While not too likely, it could always be that someone’s reports don’t actually get shown to other users based on their history.”

    Another thing to consider is that these alerts are directional. A notification alert about a temporary speed trap that you report will most likely not result in a notification for Waze drivers motoring in the opposite direction from you, even though it will be viewable on the app.

    The big issue here is the inconsistency of the feature. One Waze user pointed out that she is hearing the app alert her by saying “police ahead, but only “50% of the time.” Hearing that the odds of receiving an alert about a speed trap before driving into that trap is the same as picking heads or tails is not going to placate Waze users who depend on the app for that early warning so that they can slow down in time and avoid receiving a ticket from their friendly neighborhood police officer.

  • Parent Car Companies That Own Most Car Brands

    Parent Car Companies That Own Most Car Brands

    For instance, automakers shrink to become more profitable and efficient, historic names like Mercury, Oldsmobile, and Pontiac are fading from history. Names like Chrysler, Jaguar, and Volvo are looking for new parent companies outside their home countries. And new companies have sprung up, like Rivian and Tesla.

    Everywhere you look, a seemingly independent company is owned by someone else. Many liked car companies are owned by someone else.

    Car Brand Guide

    List of some car brands and their proprietors:

    1. Acura by Honda Motor Company
    2. Alfa Romeo by Stellantis
    3. Audi by Volkswagen Group
    4. BMW by BMW Group
    5. Bentley by Volkswagen Group
    6. Buick by General Motors
    7. Cadillac by General Motors
    8. Chevrolet by General Motors
    9. Chrysler by Stellantis
    10. Dodge by Stellantis
    11. Fiat by Stellantis
    12. Ford by Ford Motor Co.
    13. GMC by General Motors
    14. Genesis by Hyundai Motor Group
    15. Honda by Honda Motor Co.
    16. Hyundai by Hyundai Motor Group
    17. Infiniti by Renault-Nissan-Mitsubishi Alliance
    18. Jaguar by Tata Motors
    19. Jeep by Stellantis
    20. Kia by Hyundai Motor Group
    21. Land Rover by Tata Motors
    22. Lexus by Toyota Motor Corp.
    23. Lincoln by Ford Motor Co.
    24. Lotus by Zhejiang Geely Holding Group
    25. Lucid by Lucid Motors
    26. Maserati by Stellantis
    27. Mazda by Mazda Motor Corp.
    28. Mercedes-Benz by Daimler AG
    29. Mercury by Ford Motor Co.
    30. Mini by BMW Group
    31. Mitsubishi and Nissan by Renault-Nissan-Mitsubishi Alliance
    32. Polestar by Zhejiang Geely Holding Group
    33. Pontiac by General Motors
    34. Porsche by Volkswagen Group
    35. Ram by Stellantis
    36. Rivian by Rivian Automotive
    37. Rolls-Royce by BMW Group
    38. Saab owned by Saab AB
    39. Saturn by General Motors
    40. Scion by Toyota Motor Corp.
    41. Smart by Daimler AG
    42. Subaru by Subaru Corp.
    43. Suzuki by Suzuki Motor Corp.
    44. Tesla by Tesla Inc.
    45. Toyota by Toyota Motor Corp.
    46. Volkswagen by Volkswagen AG.
    47. Volvo by Zhejiang Geely Holding Group

    Know About Car Brands and their Owners

    BMW

    • Mini Cooper is owned and manufactured by the German luxury car company BMW.
    • The BMW Group has a simple structure, and it owns- BMW, BMW Motorrad, Mini, and Rolls-Royce.

    Volkswagen Group

    • Volkswagen Group, the German car giant, owns many famous car brands.
    • The Volkswagen Group sensibly chooses its car brands as they own some of the best and most recognized car brands globally.
    • It owns- Volkswagen, Audi, Porsche, SEAT,Bentley, Lamborghini, Skoda, Bugatti, MAN, Scania, and Ducati

    Daimler AG

    • Daimlerwas founded in 1899, merged with Benz etCie in 1926 to become the name we know today as DaimlerBenz AG.
    • The famous Mercedes brand has been around since 1900.
    • Daimler AG now controls: Mercedes-Benz, Western Star,  Smart Freightliner, Fuso, Bharat Benz, Setra, and Thomas Built

    General Motors Company

    • William C Durant founded General Motors in 1908, who then owned Buick.
    • It was later acquired from other automakers such as Cadillac and Oldsmobile.
    • This brand used to own many popular models in the US before going bankrupt in 2009, forcing famous brands such as Saturn, Hummer, Pontiac, and Oldsmobile to close.
    • General Motors at present is controlling: Aubobaoijun, Buick, Cadillac, Chevrolet, GMC, Holden, OpelJiefang, and Wuling.

    Hyundai Motor Company

    • In 1947, Hyundai started as a construction company that quickly grew and entered the auto industry in 1967.
    • They first started building a licensed and economical version of the Ford Cortina
    • Hyundai Motor Company, at this time, owns Hyundai, Genesis, and Kia.

    Honda Motor Company

    • Honda Motor Company was established in 1948 by Takeo Fujisawa and Soichiro Honda.
    • In 1963, the company entered the automotive industry officially with an S500 sports car and T360 pickup truck.
    • Honda Motor Company’s headquarter is situated in Tokyo, Japan.
    • The brand currently owns Honda Powersports, Acura and Honda.

    Fiat Chrysler Automobiles (FCA)

    • As Italy’s largest automaker, there’s no contradicting that Fiat has an incredible variety of brands.
    • The Italian automaker can be proud of its offspring with Alfa Romeo, Ferrari, Chrysler, and Lancia among its subsidiaries.

    The Solo Wanderers

    While many companies control other vehicle brands in the automotive sector, some prefer to remain independent and isolated. Among those vehicles are:

    • Suzuki and Mazda mainly flying alone;
    • And Mitsubishi is a singleton.

    It becomes simpler for potential car buyers to see which brands and companies they can trust by knowing the car brands and their parent companies based on their previous knowledge of their vehicles.

  • Ferrari Plans New Leadership Structure, Three Top Manages To Leave

    Ferrari Plans New Leadership Structure, Three Top Manages To Leave

    Luxury sports car maker Ferrari announced plans on Monday to shake up its leadership structure, in one of new boss Benedetto Vigna’s first major moves, and said three top managers will leave the company. Those who have decided to leave include Chief Technology Officer Michael Leiters, the carmaker said. The planned reorganization, to be unveiled in detail on Jan. 10, was consistent with Ferrari’s “strategic goals of exclusivity, excellence and sustainability”, it said.

    Vigna, an industry veteran, took the CEO role at the beginning of September with a task to drive Ferrari into the new era of electrification.

    The new management structure will “further foster innovation, optimize processes and increase collaboration both internally and with partners”, the carmaker said.

    Leiters, a German national who joined Ferrari in 2014, has helped develop Ferrari’s recent most successful models, including the 2019’s SF90 Stradale and this year’s 296 GTB, the house’s first two hybrid electric cars.

    Other top managers leaving the company are Chief Manufacturing Officer Vincenzo Regazzoni and Chief Brand Diversification Officer Nicola Boari, who oversaw Ferrari’s push into luxury, with the unveiling in June of its first in-house fashion collection.

    Key figures in the new organizational framework have been already identified through internal promotions and new hires, and will join the company starting from next month, Ferrari said.