Ferrari to expand its fleet of road cars, but not too much


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Ferrari to expand its fleet of road cars, but not too much

On Sunday, the 18th of August 2019, Chairman of the Italian premium sports car manufacturer, Ferrari NV, headquartered in Maranello, Italy, John Elkann said in a gathering of classic car enthusiasts at the automaker’s golf resort beside the Pacific coast, that, the 72-year-old luxury car maker had been looking to balloon its sales of easy-to-drive grand touring cars, adding that the Maranello-based carmaker would unlikely to chase its rival Porsche’s annual sales volume.

Aside from expanding Ferrari’s fleet of road cars, the Ferrari Chair had also been quoted saying at Sunday’s (August 18th) gathering that the FCA (Fiat Chrysler Automobiles NV), the Italian-American luxury car manufacturer, which is also chaired by Elkann, that the FCA remained open to a merger deal with other automotive industry players.

Nonetheless, Fiat Chrysler had been closing in to a merger deal with French carmaker Renault earlier in May, but backed off of the deal citing concerns over French politics and its tie-up with Japanese carmaker, Nissan Corp, which would unlikely to support the merger attempt amid a tempestuous relationship with its alliance partner Renault SA following arrest and dismissal of former alliance chair, Carlos Ghosn back in November last year.

Besides, during his Sunday’s (August 18th) speech, Elkann had also signaled that Ferrari would unveil a GT type car as early as by November this year, adding that the company was expected to raise roughly 40 per cent of its entire revenue from sales of GT cars by 2022, topping a previous forecast of 32 per cent.