Ferrari to make electric super car to beat Tesla Roadster

A Ferrari SUV Won’t Happen As Long As Marchionne is Still In Charge

However it seems that Ferrari has recently confirmed that they will be building an electric supercar that could potentially cater to those who want a fast and eco-friendly vehicle.

The report also added that Ferrari is looking to build their first ever electric supercar as well and that they are looking forward to competing with the other performance electric model like the Tesla.

The auto executive, who also heads, told reporters at the North American International Auto Show that whatever has done with high-end electrics can be done by others in the industry.

Ferrari boss Sergio Marchionne has confirmed a Ferrari SUV will arrive by 2020, and that Ferrari has plans to build an electric supercar following hybrid Ferraris.

Donald Trump should apologize for remarks: African states
Donald Trump insists he is "not a racist" despite reports of his derogatory comments about immigrants from Haiti and Africa. The AU representative said they were alarmed by Trump's "very racist" comments.

Quarterback Drew Brees wants to extend New Orleans Saints contract
Chances are it will be another short-term deal, since the Saints have made it clear they prefer to take things one year at a time. However, according to ESPN , there is a clause in Brees' current contract that keeps the Saints from making such a move.

Man United-Arsenal swap deal 'depends on Mkhitaryan's decision'
In the same feature, Mkhitaryan admitted his love for Arsenal and even said he wanted to end up playing there. And he has two and a half years left on his contract.

It's actually a huge turnaround by Marchionne and the Italian supercar brand as only two years ago the CEO said that a Ferrari without an internal combustion engine would be what he described as, "an nearly obscene concept".

The Italian race auto brand is not the only one moving towards electrification.

Ferrari's electric overhaul and SUV plans comes with a plan to exceed the company's 10,000 cars-a-year sales limit that has been self-imposed to preserve the brand's exclusivity. The goals include doubling operating profit to about 2 billion euros ($2.35 billion) by 2022, the people said then. Marchionne reckons, for example, that by 2025 fewer than half the cars sold will be be fully combustion-powered, as gas and diesel give way to hybrid, electric and fuel cell drivetrains.

He says that carmakers have less than a decade to reinvent themselves and embrace new automotive technologies to survive in the future automaker.

Related News:

  • Wisconsin Upset Raises Hopes for Democrats in 2018 Races

    Wisconsin Upset Raises Hopes for Democrats in 2018 Races

    Croix County medical examiner and a Somerset school board member, said for now she's focused on serving her new constituents. Mitt Romney won the district in 2012 even though he lost the presidential race in Wisconsin and nationally to Barack Obama.
    Schneiderman Files Suit to Stop Illegal Rollback of Net Neutrality

    Schneiderman Files Suit to Stop Illegal Rollback of Net Neutrality

    The Administrative Procedure Act doesn't permit the FCC to change policies such as net neutrality, according to the lawsuit . In a lawsuit filed Tuesday, 22 attorneys general from Hawaii to ME moved to block the FCC's rollback.
    Notre Dame dismisses four players

    Notre Dame dismisses four players

    As a junior, Tiassum recorded two tackles this season and wasn't expected to see much time on the field as a senior. Stepherson also served a four-game suspension at the start of this past season for an undisclosed team violation.
  • Painting competition winners are visiting PyeongChang 2018 Olympic Winter Games at Seoul

    Painting competition winners are visiting PyeongChang 2018 Olympic Winter Games at Seoul

    Separately, the two Koreas agreed to further talks on Wednesday to discuss the North's athletes attending the Olympics. Trump has contended his tough stance helped persuade the North to hold talks.
    Simone Biles Allegedly Abused by Doctor Larry Nassar

    Simone Biles Allegedly Abused by Doctor Larry Nassar

    Stephens said she largely blamed her father's suicide on the shame and self-loathing he felt for defending Nassar. She says thats he was abused at the Karoyli Ranch, where the USA national team trains, in Texas.
    Donald Trump's doctor has 'no concerns' about the President's cognitive ability

    Donald Trump's doctor has 'no concerns' about the President's cognitive ability

    He was quoted as calling a meeting in June 2016 between Mr Trump's son Donald Jr and a group of Russians "treasonous". The reported subpoena of Bannon does not mean he is a target of Mueller's criminal investigation.
  • Wal-Mart to Offer Pill-Dissolving Product to Battle Opioid Abuse

    Wal-Mart to Offer Pill-Dissolving Product to Battle Opioid Abuse

    Customers filling "class two" Opioid prescriptions at Walmart and Sam's Club pharmacies will receive a packet from "dispose RX". Studies have shown that many patients end up with leftover opioids and store them improperly in their home medicine cabinets.
    Nothing wrong with Donald Trump's mental capacity, doc finds

    Nothing wrong with Donald Trump's mental capacity, doc finds

    With such a bad dietary history, how can that be? Jackson pronounced Obama to be in "excellent" - even "improved" - health. Trump has experienced several recent episodes in which he appeared to slur his words, adding to concerns about his health.
    Middle East swing will be 'big learning curve' for Rory McIlroy

    Middle East swing will be 'big learning curve' for Rory McIlroy

    He is fully aware of the high standards now being set by the likes of Dustin Johnson , Jordan Spieth and Justin Thomas. A scan showed a thickening in the heart wall, but his doctors said it is "just something you have to keep on top of".
  • West Indies Under-19s hit the headlines again

    West Indies Under-19s hit the headlines again

    Can I use some discretion here for the sake of the game and whatever the spirit of the game means? I wouldn't have gone that way. In this particular case, the ball had stopped moving and Pillay only returned the ball after it had stopped moving completely.
    Bannon Subpoenaed in Russian Probe

    Bannon Subpoenaed in Russian Probe

    Former White House strategist Steve Bannon speaks during a rally for U.S. senate hopeful Roy Moore. So far there is no indication that Bannon is being investigated by the Special Counsel Mueller.
    Graham blames Trump's staff for scuttling deal

    Graham blames Trump's staff for scuttling deal

    Graham said he would continue to press for a deal based on what had been tentatively agreed the meeting tomorrow. Perdue told ABC on Sunday that to say Trump used the word "shithole" would be a "gross misrepresentation".

Most liked

Five inches of snow expected Wednesday
At night, temperatures are expected to drop to around 2 degrees, with windchills plummeting to as low as 11 degrees below zero. Highs will return above freezing on Thursday as we make it to the middle 40s, but we will start off in the 10s again.

Airbnb introduced an option to pay part deposit when booking
Airbnb also notes that the split between paying now and paying later is usually 50/50, but might sometimes vary. Airbnb has today announced a new feature that will help users manage their payments on the platform.

YouTube tightens the rules of monetization and partnerships
The previous threshold, announced in April, required channels to acquire 10,000 total views to be eligible for the program. The company cited the need to weed out "bad actors" like spammers and impersonators in its implementation of the new rule.

Conor McGregor could lose UFC crown after long delay between bouts
Nurmagomedov has made no secret of his desire for a bout with Ferguson, the lightweight division's interim ruler. On Wednesday's Toucher and Rich show in Boston, UFC President Dana White confirmed that Tony Ferguson vs.

JJ Abrams to Return to TV with Space Drama
THR states that Apple and HBO are both vying to be involved in the untitled project, which is completely unsurprising. Either way take it with a grain of salt, but we'll keep our eyes and ears peeled for more info.

Goldman Sachs Fourth-Quarter Adjusted Profit And Revenue Beats View
Finally, Barclays PLC reissued an "equal weight" rating and set a $210.00 price target on shares of Goldman Sachs Group, Inc . The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink .

75% of National Parks Panel Quits in Protest
As of early Wednesday morning, the Interior Department has yet to comment on the resignations. Terms for the first two end in May, while Radelet's term does not expire until 2021.

Research Ratings: Cooper Tire & Rubber Company (CTB), Lumentum Holdings Inc. (LITE)
The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.67 by $0.03. The shares of the company (GT) staged the smart recovery as has roared back some 17.7% after stumbling to its new 52-weeks low.

Toronto Dominion Bank Has $6894000 Stake in Coca-Cola Company (The) (KO)
The fund owned 393,175 shares of the company's stock after acquiring an additional 12,330 shares during the quarter. Suntrust Banks Inc. lifted its stake in shares of Coca-Cola European Partners by 2.3% during the second quarter.

Stokes can be considered for selection, European Central Bank says
After a police investigation that started in September, the Crown Prosecution Service has made a decision to charge Stokes and two other men with affray (fighting in public).

100 crore demonetised currency seized in Kanpur
The recovered cash was in Rs 500 and Rs 1,000 notes that the Centre had demonetised on November 8, 2016. Arrested persons are from different regions including Lucknow, Mirzapur and also Hyderabad.

Informa offers to buy events organiser UBM
A takeover would value UBM at more than its current market capitalisation of 3.1 billion pounds, the sources told Reuters. Informa has until February 13 to make a firm offer for UBM, according to United Kingdom takeover rules.

Steve Bannon subpoenaed in Russian investigation, Fox News reports
However, the summons could be a tactic to induce Bannon to cooperate fully with Mueller's investigation, the paper said. Bannon apologized a few days later, but was stripped of his job leading the pro-Trump news site Breitbart News .

Bitcoin prices fall as S Korea says ban still an option
According to Coinbase , so far, more than $50bn worth of digital currency has been exchanged worldwide by 10m people in 32 countries.

Momentum-backed candidates elected to Labour executive
The Labour leader insisted that remaining in the trading arrangement was dependent on being in the EU. Labour has said it wants the "closest possible ties" with European Union markets after Brexit.