financetom
Business
financetom
/
Business
/
Ferrari unveils new 296 Speciale hybrid models ahead of EV launch
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ferrari unveils new 296 Speciale hybrid models ahead of EV launch
May 25, 2025 8:46 PM

MARANELLO, Italy (Reuters) - Ferrari refreshed its hybrid range on Tuesday with the new 296 Speciale and its convertible version as the luxury sports car maker prepares for its first leap into the fully electric era.

Ferrari, which will present its first EV in October, showcased the two new plug-in hybrid models at its Maranello headquarters, in northern Italy.

They are based on the 2021 Ferrari 296, a car now approaching the end of its life cycle.

The 296 Speciale is lighter, more powerful and with improved aerodynamics, Chief Marketing and Commercial Officer Enrico Galliera said, adding it was focused on performance and driving pleasure.

"It's not a car for everyone, we won't widen our client base with it," he said during the presentation.

"It's a model for our historic clients, who know Ferrari very well and seek driving thrill".

The 296 Speciale packs a three-litre, six-cylinder, 700 horsepower combustion engine. Its electric component adds a further 180 horsepower.

Deliveries are expected to start in the first quarter of next year, while the retractable top version, known as the 'A', will be available in the second quarter.

The new car will have a price tag in Italy of 407,000 euros ($449,000), rising to 462,000 euros for the convertible, which puts them in the mid- to high-end of Ferrari's price range.

Prices will be higher in the United States by an amount still to be defined, Galliera said, after Ferrari announced last month it was increasing prices of some of its cars in the country by up to 10% in response to tariffs.

Only some models approaching the end of their life cycles are being excluded from U.S. price increases.

Order books for the 296 Speciale open on Tuesday, but interest is already high, Galliera said. Clients who have interacted with an official Ferrari dealer in the past five years will have a priority in placing orders.

Though not a limited-series model, its exclusivity will be preserved by keeping its life cycle shorter than the four-to-five years typical for other Ferrari models, Galliera added.

Ferrari's first fully electric car, breaking its tradition of roaring petrol engines, will be unveiled on Oct. 9 in Maranello.

"It will be something completely different. But we've been developing skills on components for EVs for more than a decade," Galliera said.

CEO Benedetto Vigna reaffirmed this month Ferrari would continue to make petrol and hybrid cars, as well as EVs. He added the company would launch a total of six new models this year, including the fully-electric one.

($1 = 0.9060 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved