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Ferrari profits, sales race ahead in 2018

Jan 31, 2019 - Associated Press Financial Wire

MILAN (AP) - Luxury sportscar maker Ferrari announced Thursday that it will reveal five new models this year as part as of its new business plan, including a mid-engine hybrid supercar, as it aims to grow full-year revenues by 3 percent.

CEO Louis Camilleri also told analysts that Ferrari would discontinue licensing agreements this year for products that "we do not deem to be in keeping with our brand equity."

Ferrari, based in the northern Italian city of Maranello, reported 2018 pr...