With three electric motors, the 986 hp Stradale is Ferrari’s most powerful road car
First deliveries now expected in second half of this year
Ferrari’s first plug-in hybrid, the near-1000 hp SF90 Stradale, is going to be late, just one of the consequences of the COVID-19 pandemic sweeping the globe this year
The most powerful road car yet from Ferrari was supposed to start customer deliveries in the first half of this year, but now it’s going to arrive later than expected, sometime later this year. Ferrari mentioned the delay in its quarterly earnings statement released earlier this week, wich said an updated assessment of the impact of COVID-19 on the company’s supply chain showcased the delay.
“We are confident that deliveries to our clients will begin early in the fourth quarter, but the ramp-up in production will inevitably be delayed,” CEO Louis Camilleri said on the earnings call (via Automotive News).
The virus has also put a damper on the company’s earnings for the year, with new guidance for 2020 earnings taking into account delays in the SF90 and reduced Formula 1 revenues resulting from the empty stands and reduced event season for that series.
While production at the company’s factories is back to full volume, shipments of cars in the second quarter of the year were just 1,389 units, down 48 percent from the same time a year before. V8 cars were down nearly 50 percent and V12s down 43.
Though the SF90 will be delayed, the first F8 Spider and 812 GTS deliveries were made during the period.
Once production of the SF90 starts, Ferrari’s Camilleri says the automaker will work to ramp it up more quickly and to make the cars more quickly than previously expected. With the waiting list now well over the 18 months it was before the pandemic, “clearly we need to ramp up production to bring that down because it has reached a level that in our eyes is too high,” the exec said.