By on December 11, 2020

Ferrari CEO Louis Camilleri has abruptly resigned from the company with the official announcement providing few details to build upon. Despite numerous news outlets fixating on his testing positive for COVID-19 and subsequent hospitalization, Ferrari failed to mention it in the release. But Reuters had reported that an inside source had claimed Camilleri, 65, had suffered health complications that required him to be hospitalized for weeks, adding that he was also stepping down as executive chairman of Philip Morris International.

However, he’s now said to be recovering at home and the coronavirus diagnosis apparently had nothing to do with his decision to retire. Ferrari only cited “personal reasons” and stated it had already begun considering his replacement, noting that it had no intention of rushing the process.

(Read More…)

By on August 6, 2020

You’ll be crushed to learn that Ferrari’s SF90 Stradale has been delayed on account of the pandemic.

By nature of being the brand’s very first plug-in hybrid, the SF90 is incredibly complex. The model relies on a trio of electric motors working in tandem with its turbocharged 4.0-liter V8 to achieve a maximum output of 986 horsepower and 590 lb-ft. Electrification also requires the Stradale to have a small, 7.9 kWh lithium-ion battery, regenerative brakes and a totally new 8-speed transmission.

The grocery list of essential (and novel) items turned out to be problematic as supply chains were disrupted the world over by coronavirus-related lockdowns. Originally scheduled for delivery this summer, the SF90 is being pushed back to the end of the year as Ferrari waits for idled supply chains to catch up. The manufacturer admitted that its own shutdowns haven’t helped it get out the door any faster. (Read More…)

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