The Modena version of the Ferrari Museum has beaten all previous visitor numbers with a month to go.

The popularity of the Ferrari Museums continues to grow, hitting a record of more than 500,000 visitors from the start of the year to November, an increase of 12% compared to the same period last year. As such, the previous record of more than 478,000 tickets set at the end of 2016 has been beaten, well before the end of the year. 

The Museo Enzo Ferrari in Modena in particular registered an annual growth of 19% in November, equivalent to 150,000 visitors, drawn by the “Driving with the Stars” exhibition that sees the Ferraris driven by stars from the sporting, cultural, industrial and entertainments worlds on display. 

The Ferrari Museum in Maranello has also enjoyed significant success, with an 8% increase in visitors taking the total to 350,000. Over the course of the year, the museum has hosted the “Rosso Infinito” (‘Infinite Red’) exhibition - which is still underway - and “Under the Skin”, which has now been transferred to the Design Museum in London, running from 15 November to 15 April 2018. 

Sales of single tickets for both museums remain stable, representing around a fifth of the total, serving as confirmation of the superb synergy between these structures for another year. 

These results serve to confirm that the Ferrari Museums are among the most visited in Italy, attracting fans and enthusiasts from all over the world. They owe their appeal to the exciting attractions renewed every year, with major themed exhibitions, exhibits featuring iconic cars and original museum tours that take visitors on a journey through the history of the Prancing Horse brand.

The Ferrari World Finals event in Daytona this weekend saw the unveiling of it's latest model

The Ferrari World Finals event in Daytona this weekend saw the unveiling of the latest model to join the ranks of Ferrari’s prestigious international Challenge racing series for clients. 

The 488 Challenge is the sixth model to participate in the one-make series which, in 2017, celebrates its 25^th anniversary.

Since the announcement of the racing series in 1992, there have already been over 1000 races, with over 1000 drivers taking part in up to three series organised on three continents. 

Over the years, the Ferrari Challenge has proved to be an ideal platform for drivers looking to compete in international GT and prototype championships, and an impressive number have gone on to win in Grand-Am, IMSA, the FIA World Endurance Championship and even the 24 Hours of Le Mans.

The 488 Challenge is the first ever turbo-charged model to race and is the most powerful Challenge car ever, powered by the 670 cv 3.9-litre V8 derived from the series production engine that took the overall 2016 International Engine of the Year Award.

Thanks to extensive development of the car’s engine, aerodynamics and chassis, the 488 Challenge reaches new levels of performance, chopping a second off the Fiorano lap time of the preceding 458 Challenge EVO for a new record of 1’15.5”.

Compared to the production 488 GTB V8, the Challenge’s powertrain features specific engine mapping, optimised for racing performance, and shorter gear ratios. 

The variable torque management has been modified to prompt the driver to shift up at the ideal moment during longitudinal acceleration, thus making maximum use of the performance characteristics of the turbo engine. 

The F1 DCT transmission features a new racing shift strategy which enables the car to accelerate from a standstill to maximum revs in 4^th gear in just six seconds. Further improvements include a reduction in overall powertrain weight.

With regard to vehicle dynamics, Ferrari’s patented Slip Slip Control (SSC) software makes its first ever appearance on a Challenge car. 

The SSC is integrated in the vehicle electronic dynamic controls and is calibrated, along with the traction control and E-Diff3, to improve turn-in, cornering and acceleration out of corners ensuring that maximum traction is ensured throughout.

To enable Challenge drivers to tailor the car’s handling to their driving style to an even higher degree, the vehicle control functions (traction and braking) are now governed independently thanks to the adoption of three manettinos. 

One is dedicated just to braking, while the other two, set either side of the steering wheel, govern the traction control and electronic differential.

These two manettinos regulate the two phases of traction control, meaning they work independently on when and how the intervention activation occurs. The right-hand manettino (TC1) governs ‘when’, in other words the point of intervention under acceleration. The left-hand one (TC2) instead governs ‘how’, controlling the degree of intensity of torque reduction as it senses the rear wheels spin.

In such a race-oriented application, the combined action of the two regulations provides a greater integration between the driver’s expectations and the vehicle’s response, especially when referred to the varying conditions met during racing. 

As a result the average acceleration out of a reference bend (Monza) is improved by 11.6%, thanks to the better torque delivery controlled by the evolved traction control and differential.

The most noticeable changes to the 488 Challenge compared to the production car regard the aerodynamics. 

To achieve the technical objective of increasing the car’s aero efficiency while respecting the design, the engineers worked closely with the Ferrari Styling Centre. 

The front radiator layout was reworked, inverting the rake so that they are now inclined towards the rear. This solution improves the air flow over the radiators in racing conditions whilst, at the same time, reducing drag. 

The new layout required new vents at the bottom of the bumper ahead of the wheels.

The front bumper itself has been completely redesigned with a more pronounced splitter and flicks to increase downforce and balance the rear load, for a 7% improvement in efficiency compared to the 458 Challenge EVO.

The front bonnet is all new with triple vents and integrated flaps to direct the hot airflow from the radiators rearwards. 

To increase stability at high speeds, the 488 Challenge features a bigger rear wing, with an air foil profile similar to that used on the 2016 FIA World Endurance Championship-winning 488 GTE, which alone increases efficiency by 9% compared to the 458 Challenge EVO.

The intakes on the rear flanks now take cooling air to the rear brakes, optimising downforce, while the engine air intakes are now positioned laterally under the rear spoiler, taking advantage of the high pressure generated in this area.

PARIS - Ferrari celebrates the 70th Birthday with a world tour and 70 cars with differing liveries, some on show at Paris.

Ferrari is availing of the Paris Motor Show to announce a series of special initiatives to celebrate the 70th anniversary of the marque’s foundation in 2017.

The celebratory anniversary logo will be unveiled at the event. Its forms are inspired by styling cues of the Prancing Horse cars and the marque’s passion for detail. This is a symbol that encapsulates 70 years of history and points the Ferrari brand to the future. The logo will be used exclusively on a small number of iconic cars.

It will appear for the first time on the LaFerrari Aperta,   the Prancing  Horse’s  latest limited-edition special  series and  a unique  model in terms   of  both  its   technology  and   styling, making  it  perfect  to  celebrate this important anniversary. 

Another important initiative is the announcement of 70 different individual liveries created by the Tailor Made atelier and inspired by iconic models from Ferrari history. These 70 different configurations will be used to create a maximum of 350 unique cars: each can be used, in fact, once on one example of five models in the current range.

A number of these new liveries will be shown on the Paris stand: 

• F12berlinetta: “The Stirling”, inspired by the 250 GT Berlinetta SWB, winner of the 1961 Tourist Trophy with Stirling Moss: it sports a characteristic Blu Scuro racing livery complete with horizontal white stripe and number roundel.
• 488 GTB: “The Schumacher”, an homage to the F2003-GA single-seater, winner of the F1 Drivers’ and Constructors’ World Championships in 2003, in which the legendary German driver took no fewer than six grand prix victories.
• California T: “The Steve McQueen”, inspired by the 1963 250 GT Berlinetta lusso, one of the most elegant Ferraris ever built, which was a gift to the American actor from his first wife, Neile Adams. It features brown body paintwork and a cabin in camel leather with elegant stitching.  
• 488 Spider: “The Green Jewel”, sports the signature green livery of the 365 P2 fielded by the British David Piper Racing team. Piper was a regular and very well-known Ferrari privateer and drove the car to victory in the Nine Hours of Kyalami in both 1965 and 1966 and, in 1966, in the prestigious Trophée d’Auvergne at Clermont-Ferrand.
• A second example of a 488 Spider is displayed in the Tailor Made area. Inspired by the 1953 375 MM bodied by Pinin Farina, it features an elegant three-layer Bianco Italia exterior colour.

2017 will also bring the start of a world tour spanning more than 60 different countries to underscore the Prancing Horse’s global reach. A year-long series of events in Italy and worldwide will see classic Ferraris and modern cars side by side and the celebrations will conclude with an exclusive event in Maranello.

Ferrari announces its final end of year results and sales and profits are all up, and looking good for the coming year.

• Total shipments reached 2,214 units, up 8% (+155 units)
• Net revenues grew 5.9% (+6.2% at constant currencies) to Euro 811 million
• Adjusted EBIT⁽¹⁾ of Euro 156 million, 310 bps margin increase
• Adjusted net profit⁽¹⁾ up 35% to Euro 104 million
• Net industrial debt^([1]) at Euro 763 million, better than March 2016

Adjusted EBIT(1)	Net profit
Volume increase of approx. 230 cars (excluding LaFerrari) thanks to the newly launched 488 GTB, 488 Spider, F12tdf and positive contribution from personalization	Net profit for Q2 was Euro 97 million up Euro 21 million (+29%) due to the combined effect of strong EBIT and lower tax rate vs. previous year partially offset by charges for Takata airbag inflator recalls
Negative mix impacted by LaFerrari, that finished its limited series run, and V8, slightly higher compared to the previous year, partially offset by the non-registered car FXX K and limited edition F60 America
Net industrial debt(1)	Confirming 2016 Outlook([2])
Net industrial debt(1) reduced to Euro 763 million, primarily due to strong industrial free cash flow(1)generation partially offset by cash distribution to holders of common shares and dividends paid to NCI	The Group guidance is confirmed as follows: Shipments: ~8,000 units including supercars Net revenues: > Euro 3 billion Adjusted EBITDA: ≥ Euro 800 million Net industrial debt([3]): ≤ Euro 730 million

Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results^([4]) for the second quarter and six months ended June 30, 2016.

Shipments

Shipments totaled 2,214 units in Q2 2016, up 8% from the previous year. 

This performance was driven by a 16% increase in sales of our 8 cylinder models (V8), led by the success of the two newly launched models: the 488 GTB and the 488 Spider. Shipments of the 12 cylinder models (V12) were down 22% due to the phase-out of the FF, the F12berlinetta now in its 5^th year of commercialization and LaFerrari that finished its limited series run. This was partially offset by the introduction of the new F12tdf.

The EMEA^([5]) and Greater China⁽⁵⁾ regions experienced a sound year-on-year growth with shipments increasing respectively by +14% and +26%, Americas⁽⁵⁾ recorded a slight  improvement whereas Rest of APAC⁽⁵⁾ remained in line with the previous year due to 488 Spider and F12tdf having just arrived on the market.

Total net revenues

Net revenues for Q2 2016 were Euro 811 million, an increase of Euro 45 million or 5.9% (+6.2% at constant currencies) from Q2 2015. Higher net revenues in Cars and spare parts⁽⁶⁾ (Euro 589 million, +2%) were due to increased volumes led by new models 488 GTB, 488 Spider,F12tdf, the non-registered car FXX K and the final deliveries of the F60 America, a strictly limited edition car, along with a higher contribution from personalization, which was partially offset by lower sales of LaFerrari. The rebound in Engines⁽⁷⁾ (Euro 71 million, +24%), was mainly attributable to higher rental revenues from other Formula 1 Teams. Sponsorship, commercial and brand⁽⁸⁾(Euro 117 million, +14%) was up mostly due to better championship ranking, higher sponsorship revenues and positive contribution from brand related activities.

Adjusted EBITDA⁽¹⁾ and Adjusted EBIT⁽¹⁾

Adjusted EBIT⁽¹⁾ was Euro 156 million, up Euro 32 million (+26%) from Q2 2015 as a result of higher volumes, thanks to the newly launched 488 GTB, 488 Spider and the F12tdf as well as a positive margin contribution from our personalization programs. Mix was negatively impacted (Euro 25 million) by higher V8 versus V12 range models with LaFerrari that finished its limited series run, partially offset by the non-registered car FXX K and the final deliveries of the F60 America, a strictly limited edition car (only ten units) manufactured to commemorate the 60^th Anniversary of Ferrari in North America. Research and development costs and industrial costs showed a decrease of Euro 11 million mainly due to lower D&A for the 458 family and LaFerrari phase-out coupled with efficiencies on production costs partially offset by F1 costs. The Selling, general and administrative costs^([10])were substantially in line with the previous year as the combined result of new store openings, new model launches and corporate costs offset by bad debt in Q2 2015. Other recorded a positive contribution of Euro 14 million thanks to Sponsorship, commercial and brand as well as other supporting activities.

Adjusted EBIT⁽¹⁾ excludes charges of Euro 10 million due to the worldwide Takata airbag inflator recalls^([11]).

Tax rate dropped to 30.7% in Q2 2016 vs. 33.5% in Q2 2015 as a result of the Italian Government’s decision to reduce the nominal tax rate from 27.5% to 24% by 2017.

As a result of the items described above, adjusted net profit⁽¹⁾ for Q2 2016 was Euro 104 million, up Euro 26 million (+35%).

Industrial free cash flow⁽¹⁾ for the three months ended June 30, 2016 was Euro 145 million, primarily driven by a strong increase in cash flow from operating activities, including a positive change of working capital and timing effect of advances on the new open-top LaFerrari, partially offset by capex and the first 2016 tax advance. Q2 2015 industrial free cash flow⁽¹⁾ included a Euro 116 million one-time cash in-flow related to the final reimbursement by Maserati of its inventory in China.

Net industrial debt⁽¹⁾ at June 30, 2016 was Euro 763 million, better than from Euro 782 million at March 31, 2016, thanks to industrial free cash flow⁽¹⁾ generation offset by cash distribution for Euro 87 million paid to the holders of common shares and Euro 13 million dividends paid to NCI.

The open-top LaFerrari: the new special limited-edition series

On July 5^th, 2016 Ferrari unveiled the first images of the open-top LaFerrari, the new limited-edition special series. The new model, already pre-sold, will be presented during the Paris International Motor Show in October 2016. The open-top LaFerrari will be provided with a removable carbon-fiber hard top and a removable soft top aimed at customers and collectors who refuse to compromise on the joy of plein air driving even when at the wheel of a supercar.

Subsequent Events

On July 7^th, 2016 Ferrari with Luxottica Group announced the signing of a sponsorship agreement for the Ray-Ban brand to appear on the SF16-H Formula One cars.

Engine of the year awards the Ferrari 3.9 litre twin turbo three awards and the overall title, at long last a decent winner.

Ferrari takes a record number of prizes at the International Engine of the Year Awards

The 3.9-litre twin-turbo takes no fewer than three categories along with the overall Engine of the Year Award

The F12tdf’s 6.3-litre V12 takes the Above 4-litre category

Ferrari has been honoured to receive a record number of awards at the International Engine of the Year Award ceremony, held at the Engine Expo 2016 in Stuttgart, this morning.

With 63 jurors from more than 30 countries, the International Engine of the Year Award is one of the industry’s most coveted honours.

Ferrari took the most important of them all, the overall International Engine of the Year Award, with the twin-turbo V8 that powers the 488 GTB, 488 Spider and, with a slightly different displacement, the California T. In fact, this engine also won the Performance Engine and New Engine categories, as well as the 3-litre to 4-litre displacement category. 

Ferrari’s naturally-aspirated 6.3-litre V12 engine that powers the F12berlinetta and F12tdf also received the Above 4-litre award.

A concentration of uncompromising engineering solutions, Ferrari’s return to twin-turbo technology for the V8 range has set a new benchmark for turbo-charged engines. Zero turbo lag and a progressive delivery of torque throughout the rev range maintain unprecedented levels of driver involvement, as well as providing a signature Ferrari soundtrack and power delivery that propels the Prancing Horse into the lead in this segment.

According to Graham Johnson, co-chairman, International Engine of the Year Awards,

“It’s a giant leap forward for turbocharged engines in terms of efficiency, performance and flexibility. It truly is the best engine in production today and will forever be remembered as one of the all-time greats.

Ferrari to have the biggest range of cars at Goodwood in it's history, including some UK Debuts.

FERRARI 488 GTB TO MAKE UK DEBUT, WITH CARS FROM THE CORSE CLIENTI XX PROGRAMME, INCLUDING THE NEW 1050 CV FXX-K

Ferrari is proud to announce the dynamic UK debut of its latest mid-rear-engined V8 supercar, the 488 GTB, as well as the FXX-K at this year’s Festival of Speed, with both cars tackling the challenging 1.6 mile Goodwood Hill Climb along with a full supporting cast of Ferrari cars in the greatest-ever display from the Prancing Horse at the event.

The 488 GTB is Ferrari’s first mid-engined twin-turbo V8 since the iconic 288 GTO and F40, with 650CV and a unique engine management system that delivers torque in a controlled and sustained manner with zero turbo lag and response times equivalent to a naturally-aspirated V8 engine. 

The track-only FXX-K exemplifies Ferrari’s leadership in innovation and technology, with a V12 engine and hybrid system that constantly delivers 1050CV, with the “K” in its moniker a reference to the “KERS” kinetic energy recovery system it adopts in maximising its track performance.

The 488 GTB will be taking part in the Michelin Supercar Run during the Festival of Speed, alongside four other Ferrari cars: the Ferrari California T, F12berlinetta, LaFerrari and the F12 TRS. 

Ferrari’s Corse Clienti division, which provides cars and support services for clients racing in the Challenge or international GT series, will also be bringing the 599 XX from the laboratory XX programme. A Ferrari 458 Challenge will also participate in the Hill Climb for GT race cars.

The Scuderia Ferrari team will also be on hand to field a 2010 Ferrari F10 Formula 1 car driven by ex-F1 driver, Marc Gené.

The Prancing Horse will also well represented with an outstanding entry of private client cars from several decades of Ferrari’s racing history, with current entries as follows:

YEAR	MODEL	CLASS
1953	Ferrari 250MM	Classic Endurance Racers
1969	Ferrari 312P	Sports Racers 1968-81
1969	Ferrari 712	Sports Racers 1968-81
1970	Ferrari 512M	Derek Bell Celebration
1975	Ferrari 312T	The Cosworth Years
1976	Ferrari 308 GTB	Forest Rally Stage
1979	Ferrari 512 BB/LM	Sports Racers 1968-81
1979	Ferrari 312 T4/5	The Cosworth Years
1984	Ferrari 126 C4/M2	The Turbo Era and Beyond
1990	Ferrari 641	The Turbo Era and Beyond