Ferrari has named its new chief executive (PA)Ferrari has announced that Benedetto Vigna, an Italian executive at Europe’s largest semiconductor chipmaker, will be the luxury sports carmaker’s new CEO. Ferrari has announced that its first fully electric supercar will be launched in 2025. Ferrari said Mr Vigna’s knowledge of the semiconductor industry “will accelerate Ferrari’s ability to pioneer the application of next-generation technologies”. Like the rest of the car industry, Ferrari has been hit by the coronavirus pandemic, which temporarily shut production in spring 2020. Ferrari announced last month that it will not hit 2022 financial targets due to the pandemic’s impact, despite a strong first-quarter rebound.

Source: Irish Independent June 09, 2021 08:26 UTC