Strong sales of the model led to a 14 percent rise in Ferrari's Q1 earnings, boosting its shares by 5.7 percent
Got around $200,000 or so to spare? You could opt for the entry-level Ferrari Portofino 2019, the Italian luxury automaker’s (arguably) more attractive replacement of the California T. Featuring 591 hp from the 3.9-liter twin-turbo V8 engine, it allows you to hit 60 mph in an estimated 3.5 seconds and over 200 mph in top speed - if that's your thing.
Not fast enough for you? Opt for the 488 GTB or Spyder. But if you’re in no need for speed and prefer an engaging, even daily drive, the Portofino will give you one of the best cruises of your life.
It’s smooth in every way. Put your roof top down while the weather’s just cool enough and enjoy effortless steering. It’s as delightful, comfortable and consistent as it is a high-powered Italian sports machine.
It’s beautiful, too, with luxurious interiors including leather seats, a rather impressive 10.2-inch infotainment display as well as rear seats, though it’s difficult to fit standard-sized humans (believe us, we've tried).
In fact, it was strong sales of the 8 cylinder Portofino (as well as the 812 Superfast) which played a major role in Ferrari’s beating of forecasts last week. It saw a 14 percent rise in first-quarter core earnings, boosting its shares as much as 5.7 percent.
While the Milan-listed luxury automaker stuck to its full-year targets, Morgan Stanley told Reuters they expect an increase soon. The rise in Ferrari’s global shipments were particularly impressive, with those in China alone up 79 percent.
This quarter will see the carmaker begin shipping its first 488 Pista Spider model, followed by its new Ferrari Monza limited series in the fourth quarter.
The Italian carmaker is set to reveal four more models later this year, including its first hybrid car at the end of May.For all the latest car news & reviews from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.