Luca di Montezemolo’s abrupt resignation as Ferrari president (effective October 13th) caught a lot of people by surprise. It was a bombshell, to say the least, but don’t start feeling bad for Ferrari because the company, largely due to di Montezemolo, is raking in a whole lot of money these days. Even in the U.S., Ferrari’s revenues have never been healthier, especially after selling 1,062 cars in the first half of 2014. That unprecedented success also coincides with the 60th anniversary of the Italian automaker in the U.S., which we all know is a pretty big deal. It’s so big, in fact, that Ferrari’s planning to commemorate the occasion by releasing a special edition Ferrari exclusively for America.

Details are still sketchy at this point, but Ferrari did say that only 10 units of this yet-to-be-identified model will be released. In other words, that’s exclusive with a capital "E." Let the speculation begin on what this model’s going to be. If I’m going to guess, I think it’s going to be based on the Ferrari California T. I have no intel whatsoever; I just have a hunch.

Aside from this limited-edition Ferrari, the company’s plans for the U.S. also include selling even more models in the second half of the year. In addition to more sales, the company is also planning to have a charity initiative and what di Montezemolo describes as “a major event in Los Angeles to bring together all our American clients and collectors."

Maybe that’s the time and place we see this limited edition, U.S.-only Ferrari. It makes sense, doesn’t it?

Click past the jump to read more about Ferrari’s future special edition.

Why It Matters

It’s probably Ferrari’s way of showing appreciation to a market that it hasn’t paid as much attention to as China and the Middle East. I, for one, am thrilled that Ferrari’s doing so well these days, even if it means my dreams of owning a Prancing Horse are becoming more and more unlikely as the days pass by.

But if anything, the U.S. deserves a special-edition Ferrari, especially when you take into consideration how many of these exclusive models have been given to other markets.

So stand up and be recognized, America! Ferrari’s sending some love our way.

Ferrari California T

2015 - 2016 Ferrari California T Exterior AutoShow
- image 544887

The arrival of the Ferrari California T couldn’t have come at a better time for the model. Its predecessor, the California, was derided during its entire existence, largely because it lacked the usual panache and Italian flair normally attributed to Ferraris.

It wasn’t surprising at all that the California T is drastically different than its predecessor, looking more aggressive with sharper lines and dimensions that remind you how striking Ferraris are supposed to be.

The biggest and most welcome news about the California T is its turbocharged, 3.9-liter V-8 with direct injection and Ferrari’s Variable Boost Management. The engine gives the California T 560 horsepower and 557 pound-feet of torque, allowing it to sprint from 0 to 62 mph in just 3.6 seconds and on to a top speed of 196 mph.

Total fuel economy for the California T is about 15 percent better than last year’s 4.3-liter V-8. Likewise, CO2 emissions have dropped by 20 percent.

Kirby Garlitos
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Kirby’s first exposure into the world of automobiles happened when he caught Knight Rider on television as a five-year old boy. David Hasselhoff didn’t leave much of an impression on him (that happened later on in Baywatch), but KITT certainly did. To this day, Kirby remains convinced that he will one day own a car with the same ‘spirit’ as the original KITT (not the 2008 monstrosity). He doesn't know when that will be, but until then, he’s committed to expressing his love for KITT, and all cars for that matter, here at TopSpeed.  Read More
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Press Release

The Ferrari S.p.A. Board of Directors met today under the chairmanship of Luca di Montezemolo to examine the financial results for the first half of 2014.
The figures show growth in all indicators despite the planned reduction in car deliveries.

On June 30th, Ferrari recorded revenues of 1,348.6 million euro (+14.5%) and trading profit reached 185 million euro (+5.2%), both H1 figures completely unprecedented in Ferrari history.
Net income increased by almost 10% to 127.6 million euro too.
The company also set another new record for its net industrial financial position which stood at 1,594 million euro at the end of June even though product investment remains high, while net cash flow for the first half of the year amounted to 236 million euro.
A total of 3,631 homologated cars were delivered, 3.6% fewer than in the same period in 2013.
Significantly, any comparison with H1 2013 must also take into account the fact that the Ferrari California went out of production with deliveries of the new California T beginning only in summer. Added to this was the strategic decision to cut production taken in May 2013. However, an increase of 5% in deliveries is planned by the end of the year.
In Europe, Great Britain remains our largest market with a total of 408 cars delivered, 7 fewer than in the first half of 2013. Notably, as with the first quarter of 2014, deliveries to Italy rose after years of falling: +13% with 131 dispatched to their owners. However, the domestic market remains marginal accounting for only a little over 3% of total volumes.
In the Far East, Ferrari recorded double-figure growth in Japan (+13%, 195 cars) while Australia was up by 7.7% with 56 delivered. Greater China, however, is feeling the impact of the controlled reduction in deliveries to Hong Kong and the People’s Republic of China to which a total of 285 cars went compared to 344 in H1 2013.
Results in the USA were excellent too with very brisk growth: 1,062 cars, +13%. 2014 is also a special year there as we celebrate the 60th anniversary of the sale of the first Ferrari in the country.
“It gives all of us here at Ferrari a sense of great satisfaction to continue to achieve record financial results, particularly given that production was limited. I am sure that in a few months’ time, we will be marking the end of a truly extraordinary and unprecedented year. Sales will also increase by several percentage points to avoid excessively long waiting lists,” declared Luca di Montezemolo, adding: “To celebrate Ferrari’s 60th year in the USA, we have developed a special car of which just 10 examples will be built, in addition to planning a major event in Los Angeles to bring together all our American clients and collectors, and a charity initiative.”
The figures from the company’s Brand activities (licensing, retail, e-commerce) remain positive too. In the retail sector, we are rapidly implementing our new strategy of taking over the direct management of the Ferrari Stores in some of the world’s leading cities. This soundness of this decision has already been confirmed by an increase of 7% in revenues in the directly-managed Stores in the first six months of the year, with the Ferrari Store in Maranello faring best with a figure of over 14%.

On the licencing front, H1 2014 also brought the signing of agreements to commence the building next year of Ferrari Land, a theme park just outside Barcelona, and the launch of our first Oakley sunglasses collection.

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