Source: Business Insider
Ferrari intends to expand its operations at its manufacturing complex in Maranello, Italy. The company has a first-ever SUV on the way, the Purosangue, as well as a plug-in hybrid supercar, the SF90 Stradale. Thus far, CEO Louis Camilleri has been cagey about an all-electric Ferrari, but on a call with analysts after Q4 and FY 2019 earnings were announced, he said that Ferrari would expand in Maranello to maintain control of technology and avoid relying on suppliers. Visit Business Insider’s homepage for more stories . Ferrari could be making room to fire up electric-vehicle production in Italy. The company reported fourth-quarter and full-year 2019 earnings on Tuesday, after which CEO Louis Camilleri presided over a conference call with analysts to review the results, which were a slight disappointment but nonetheless an improvement on 2018. Critically, Ferrari sold more than 10,000 vehicles in 2019; for 2020, the new SF90 Stradale plug-in hybrid should arrive in force in the second half of the year.