Tag

Luxury Sports Car

All articles tagged with #luxury sports car

auto5 months ago

Lexus Discontinues LC Hybrid for 2026, Focuses on V8 and Performance

Lexus's LC sports car has seen very low sales, with only 248 hybrids sold in total since its launch, leading to its discontinuation in 2026 despite its attractive design and features. The hybrid version, introduced in 2016, was particularly unpopular, with sales declining to just 7 units in 2025, prompting Lexus to phase it out while continuing to offer the V-8 model.

business1 year ago

"Ferrari's Stock Soars on Record Earnings and Hamilton's Move"

Ferrari reassures investors with upbeat forecasts for revenue and core earnings, leading to a surge in shares, as the company expects adjusted EBITDA to reach at least 2.45 billion euros in 2024, with a strong order book extending to 2025. The luxury sports car maker's shares rose by as much as 9.5%, nearing a record $100 billion market value, and the company plans to launch its first fully electric car in late 2023. Ferrari's shipments rose 3% in 2023, driven by the demand for its Purosangue model, and the company generated over 930 million euros in cash, with around 800 million to be distributed to shareholders through dividends and share buybacks.

business-automotive1 year ago

Ferrari's Strong 4Q Results Fuel Continued Growth

Ferrari exceeded Wall Street's expectations with a record-breaking year, reporting a net profit of 1.26 billion euros for 2023, including 294 million euros in the fourth quarter, and a 17% increase in revenue to 5.97 billion euros. The company forecasts even stronger results for 2024, with expectations of revenue surpassing 6.4 billion euros and adjusted per share profit of at least 7.50 euros. Additionally, Ferrari CEO Benedetto Vigna expressed confidence in the company's business plan and 2026 targets. Separately, there are reports of Formula 1 star Lewis Hamilton potentially moving from Mercedes to Ferrari for the 2025 season.

automotive2 years ago

Lotus Emeya: The New Electric Hypercar Speeds into the "Under 3 Second" Club

Lotus has unveiled the 2024 Emeya electric hypercar, boasting nearly 1,000 horsepower and a sub-three-second 0-60mph time. With a top speed of 155mph, the Emeya aims to compete with luxury sports cars like the Audi E-tron GT and Porsche Taycan. While specific details such as battery capacity and range have not been disclosed, Lotus claims the Emeya will be similar to its first EV, the Eletre SUV, which had an EPA-estimated range of 310 miles. The Emeya is part of Lotus' plan to introduce three new EVs in the next four years as the company seeks to revitalize its sales and financial performance.

automotive2 years ago

"Fisker's Electrifying Lineup: Alaska Pickup, Pear SUV, and More!"

Fisker has unveiled a range of electric vehicle (EV) prototypes, including a luxury pickup truck called the Alaska, an off-road version of its Ocean SUV called the Force E, a sports convertible named Ronin, and the PEAR, a compact EV. The Alaska pickup features an extendable bed, up to 340 miles of range, and unique features like a "Houdini Trunk" that opens up the cabin to the truck bed. The PEAR is a fully connected mobility device with up to 300 miles of range and a starting price of $29,900. The Ronin is a grand tourer with butterfly-winged doors, a tri-motor powertrain, and a targeted 600-mile range. The Force E is an off-road version of the Ocean SUV with widened fenders and 33-inch wheels.