Ferrari had previously unveiled plans for going electric for some models and said an SUV-style vehicle was on the way this year. On Thursday, it said it was now targeting September for the debut of that model. "The fully electric Ferrari will be a Ferrari," chief executive Benedetto Vigna said. Despite an already strong order book, Mr. Vigna said volumes of the new vehicle won't exceed 20% of Ferrari's total. "We are only serving a fraction of our target audience," Mr. Vigna said.

Source: Wall Street Journal June 18, 2022 15:56 UTC