Ferrari Celebrates 2022 Success With US$15,000 Bonuses For Employees

Following a record-breaking 2022, Ferrari is reportedly distributing hundreds of millions of dollars in bonuses to approximately 5,000 employees. According to CEO Benedetto Vigna, workers will receive up to $15,000 (approx MYR 64, 000), or enough to buy a new car. The amount is reportedly 12.5% more than the previous year.

Ferrari also charted strong financial results the previous year, and employees received up to $12,000 (approx MYR 50, 0000) in bonuses. For the record, Ferrari delivered 13,221 vehicles last year, representing an 18.5% increase over 2021. The new year is already shaping up to be a great one, with deliveries of the much-anticipated Purosangue set to begin in the second quarter.

Vigna also reported that demand for the not-an-SUV Purosangue has been extraordinarily high; far exceeding expectations. In fact, because there is already a two-year wait list, the order books have been temporarily closed.
Vigna explained that Ferrari has no intention of changing the supply chain because there are no major impacts. And no impact, he assures, not even from the closures of many companies in China due to the prolonged lockdown. However in 2023, price increases are expected to compensate for rising manufacturing costs caused by inflation. The company is keeping quiet about which products will be released in the coming months, but one of them is expected to be a convertible based on the Roma.

Meanwhile, Reuters reports that Ferrari will introduce 4 models this year. A new front-engined supercar with a V12 is being developed to replace the 812 Superfast and GTS, but its official debut is not expected this year.

Furthermore, Vigna claims Ferrari is "fully on track" to launch its first electric vehicle in 2025, to complement the 296 GTB/GTS and 488 GTB/Spider plug-in hybrids. A new hypercar to replace the LaFerrari is expected within the next three years. By 2026, 15 models (including the Purosangue) will be available. By that time, only 40% of the models will still be powered by a pure gasoline engine, with hybrids accounting for 55% and electric vehicles accounting for the remaining 5%.

The Ferrari stock is doing well on the Stock Exchange: +5.6%, with investors who evidently appreciate the quarterly report from the Reds.