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Camilleri and his team outlined a plan to show how a brand known for its racing pedigree and roaring combustion engines will shift to making a utility vehicle and hybrid cars and boost margins to more than 38 percent without sacrificing exclusivity. The company increased its dividend payout ratio and announced a 1.5 billion-euro share buyback plan, while its marketing chief promised a “significant increase in average retail price”. With margins at 30 percent now, strong pricing power and an enviable customer waiting list, Camilleri inherits a business firing on all cylinders and is not expected to stray far from his predecessor’s script.

Marchionne had orchestrated Ferrari’s spin-off vintage winnipeg jets cufflinks from parent Fiat Chrysler (FCHA.MI), positioned it as a luxury brand rather than a carmaker, and managed to do what few thought possible: sail through a self-imposed production cap of 7,000 cars a year without sacrificing pricing power or its exclusive appeal, Ferrari has clocked up years of record earnings, helped by special editions and a customization program, But it could prove tough to maintain the company’s high valuation as emissions rules tighten, capital spending increases and the diverging interests of investors, racing fans, owners and collectors become harder to balance..

A total of 3.6 billion euros will be spent over the period to develop new vehicles and shift towards hybrids, aiming to remain compliant with gradually tougher emissions regulations. The company said hybrid vehicles would make up around 60 percent of its product mix by the end of the plan, while a smaller six-cylinder engine would be added to its lineup of internal combustion engines. At the time of the IPO, Marchionne had promised to expand Ferrari into other luxury categories beyond cars, but the plan was put on ice to focus on vehicles first. Camilleri said that expansion was still a “work in progress”.

Ferrari declined to give any forecast for shipments other than saying that more than half of those would be sportscars, This year’s deliveries are forecast at over 9,000 vehicles, At the event, Ferrari unveiled a pair of vintage winnipeg jets cufflinks open-topped, limited edition sportscars, as part of a new segment dubbed “Icona” inspired by past Ferraris but boasting the latest technologies to reward its most loyal customers, It also promised to expand its range of so-called GT vehicles that focus more on style and the driving experience rather than extreme performance to lure new customers..

Ferrari ruled out a self-driving model, but added that its much-debated utility vehicle would come by the end of the plan, two years later than initially forecast. The vehicle, called “Purosangue” (Thoroughbred), could potentially lead to a substantial growth in sales, analysts have said, while Ferrari expects the car to also help lure the super rich in China. Camilleri sought to sooth concerns the vehicle could dilute Ferrari’s exclusive status. “As a die-hard Ferrarista, I have been a little skeptical when the concept was first voiced at the board,” the known Ferrari collector said.

WASHINGTON (Reuters) - President Donald Trump on Tuesday left the door open for China to negotiate an end to the trade war between Washington and Beijing, a day after imposing new tariffs on nearly $200 billion Chinese imports and threatening more if China retaliates, Speaking to reporters during a visit with Polish President Andrzej Duda, Trump said that the United States may make a deal at some point with China and that his country is always open to talking, “We’re having a tremendous impact on China, We’re doing a very good job with China,” he said before reiterating his threat to add tariffs to $267 billion of vintage winnipeg jets cufflinks Chinese goods if Bejining retaliates..

SAN FRANCISCO (Reuters) - German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 before a $7,500 tax credit. It is one of a volley of electric vehicles coming from Volkswagen AG (VOWG.DE) brands, as well as other European premium brands including Daimler-owned (DAIGn.DE) Mercedes-Benz, BMW (BMWG.DE), Volvo Cars and Jaguar Land Rover.

All aim to expand the market for premium electric vehicles and also to grab share of that market from vintage winnipeg jets cufflinks Palo Alto, California-based Tesla, which has had the niche largely to itself, “I want Audi to be the number-one electric vehicle seller in America over the long term,” Audi of America President Scott Keogh told Reuters in an interview on Monday, Audi dealers, particularly those from California where Tesla has made significant inroads, cheered the e-tron at Monday night’s crowded event, Analysts on Tuesday expressed concern that the vehicle’s driving range may not measure up to the Tesla Model X..

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