Ferrari unveiled a new plug-in hybrid car as the luxury sports car maker famed for its roaring combustion engines retools its range for an electric era.
The 296 GTB is Ferrari's third hybrid to go into production, which excludes limited-edition vehicles. It follows the SF 90 Stradale in 2019 and last year's convertible version, the SF90 Spider.
Ferrari chief marketing and commercial officer Enrico Galliera said the 296 GTB created a new segment.
"If the SF 90 was designed to reach the peak of performance, this has been designed for the peak of pleasure of driving," he said in a web presentation. "We expect this will also help us attract clients who are not driving a Ferrari now."
The two-seater will cost 269,000 euros ($321,000), reaching 302,000 euros for the "Assetto Fiorano" high-performance version. It will have a top speed of over 330 kilometres per hour.
The Italian company known worldwide for its prancing horse logo and red racing cars has promised its first full-electric model in 2025.
"It's a process which has started a couple of years ago," Mr Galliera said. "We're working to cope with regulation and the task of reducing emissions."
Ferrari and its rivals are wrestling with how to shift their line-ups to battery power without losing the high performance that supports their premium pricing.
Porsche, part of the Volkswagen group, already offers a full-electric vehicle with its Taycan model, but Ferrari is ahead of its arch-rival Lamborghini, also part of Volkswagen, whose first full-electric car will not appear until the second half of this decade.
To propel the company into a new era of electrification, Ferrari has picked technology industry veteran Benedetto Vigna as its new chief executive.
The 296 GTB will be fitted with a 6-cylinder (V6) mid-rear turbo engine, the first on a road car with a Ferrari badge, although such engines have roots dating back to the 1950s in Ferrari racing cars.
Ferrari road cars are normally powered by V8 or more powerful - but also more polluting - V12 engines.
Still, the V6 engine, coupled with a 122 KW electric motor, can produce a massive 830 horse power.
Like the SF90 Stradale, it can deliver 25 km of silent electric-only power. First deliveries are expected in the first quarter of 2022, starting from Europe.
The 296 GTB is the third of three cars Ferrari has promised for this year. Its first-ever SUV, called Purosangue (Thoroughbred), is expected next year.
Qosty Byogaani
Starring: Hani Razmzi, Maya Nasir and Hassan Hosny
Four stars
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
North Pole stats
Distance covered: 160km
Temperature: -40°C
Weight of equipment: 45kg
Altitude (metres above sea level): 0
Terrain: Ice rock
South Pole stats
Distance covered: 130km
Temperature: -50°C
Weight of equipment: 50kg
Altitude (metres above sea level): 3,300
Terrain: Flat ice
The specs
Engine: 2.0-litre 4-cyl, 48V hybrid
Transmission: eight-speed automatic
Power: 325bhp
Torque: 450Nm
Price: Dh289,000
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
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Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Personalities on the Plate: The Lives and Minds of Animals We Eat
Barbara J King, University of Chicago Press
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Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
How it works
A $10 hand-powered LED light and battery bank
Device is operated by hand cranking it at any time during the day or night
The charge is stored inside a battery
The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode
A full hand wound charge is of 16.5minutes
This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode
When more light is needed, it can be recharged by winding again
The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge
No limit on how many times you can charge
