PHOTO CAPTION: LaFerrari hybrid goes for $1.34 million.

Ferrari Plans to Build More LaFerrari Hybrids

The first 499 units of the 963-horsepower, $1.34 million hybrid have already sold out.

Published: 23-Aug-2013

Ferrari SpA (F) plans to build more hybrid vehicles following the success of the 1 million-euro ($1.34 million) LaFerrari as the manufacturer works to attract environmentally conscious wealthy buyers.

"I don't believe in the electric cars, but I strongly believe in hybrids," Chairman Luca Cordero di Montezemolo said in a Bloomberg Television interview with Sara Eisen at the manufacturer's headquarters in Maranello, Italy.

Ferrari, the most profitable unit at Turin, Italy-based Fiat SpA, unveiled the LaFerrari sports car at the Geneva Motor Show in March. The 963-horsepower hybrid, which is already sold out, is part of Montezemolo's strategy of boosting earnings with customized versions of its vehicles while restricting their availability to enhance exclusivity.


Ferrari Leferrari will be able to accelerate from 0 to 62 mph in under 3 seconds.

LaFerrari will be powered by a 6.3L V-12 and 161 HP electric motor giving is a top speed said to be in excess of 217 mph; price is said to be in the million dollar range.

Ferrari's LaFerrari hybrid supercar concept.

Jalopnik uncovers series of European patent drawings that suggest how a future Ferrari electric-hybrid may be powered.

Ferrari Chairman Luca di Montezemolo with LaFerrari hybrid concept car.

Ferrari's CEO tells Auto Motor und Sport magazine the Italian company will wait for a 'leap forward' in battery technology before gravitating towards increased electrification.


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