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.

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.

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".

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.

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:

  • Five inches of snow expected Wednesday

    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.
    Goldman Sachs Fourth-Quarter Adjusted Profit And Revenue Beats View

    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 .
    Steve Bannon subpoenaed in Russian investigation, Fox News reports

    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 .
  • A Large Part Of California Wants To Become Its Own State

    A Large Part Of California Wants To Become Its Own State

    However, the group is not planning to march into Sacramento and overthrow the California legislature. In short, actual independence is a long-shot.
    Trump says 'I'm not a racist,' keeps door open for DACA deal

    Trump says 'I'm not a racist,' keeps door open for DACA deal

    The comment "truly flies in the face of accepted behaviour and practice", said Ebba Kalondo, spokeswoman for AU chief Moussa Faki. At least one Republican senator has claimed that the story of Trump's controversial remark was a "gross misrepresentation".
    Informa offers to buy events organiser UBM

    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.
  • 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.
    Peterhansel continues stage win run to close in on Sainz

    Peterhansel continues stage win run to close in on Sainz

    The Spanish rider finished the stage in a commendable fourth position, just over 20 minutes adrift of the stage victor . Al Attiyah is now in third, with Bernhard ten Brinke in fourth place - just 33 seconds ahead of teammate De Villiers.
    Trump told reporters: 'I'm the least racist person you have ever interviewed'

    Trump told reporters: 'I'm the least racist person you have ever interviewed'

    The White House has not denied that Trump said "s--hole" though Trump has already pushed back on some depictions of the meeting. David Perdue said Trump "did not use that word" and called the assertions that he did "a gross misrepresentation".
  • Sen. Jeff Flake compares Trump to Stalin in speech on media attacks

    Sen. Jeff Flake compares Trump to Stalin in speech on media attacks

    They have the effect of eroding trust in our vital institutions and conditioning the public to no longer trust them. Flake has been fiercely critical of Trump, even while supporting parts of his agenda, like the new tax cuts.
    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.
    Hope Hicks expected to talk to Hill committee

    Hope Hicks expected to talk to Hill committee

    Bannon was "vociferously defending Trump" behind closed doors, according to a source close to Bannon. Schiff said he expects Bannon to make another appearance before the committee.

Most liked

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.

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.

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.

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.

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.

Trump's doctor says he 'has absolutely no cognitive or mental issues whatsoever'
When it came to talk of extending protections for Haitians, Durbin said Trump replied, "We don't need more Haitians'". "Sen. Two GOP senators there - Tom Cotton (Ark.) and David Perdue (Ga.) - on Sunday insisted Trump never said it, disputing Sen.

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.

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.

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.

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
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.

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.

Players Reportedly Concerned of Team's State Following 10-Point Loss vs. Warriors
It's the most points scored in a player's first two games conference games in Big 12 history (he scored 37 the game before). Smith - don't come close to matching up with the Warriors' and at times , they looked unplayable on their own volition.