Ferrari to Introduce First EV in 2025

Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
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Ferrari to Introduce First EV in 2025

Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)
Ferrari's SF90 Stradale hybrid sports car is displayed at the company's base in Maranello, Italy. (Reuters)

Electrification is coming for everyone—that includes Porsche, Lamborghini, and even Ferrari, the automaker responsible for some of the most sonorous, soulful internal-combustion engines (ICE) in the world.

Unlike, Bentley, its British rival, Ferrari hasn't put a hard stop date for their ICE engines, although the company is already dabbling in electrification with its hypercar, the SF90, the German news agency reported.

According to a new report from EVO Magazine, it seems that Ferrari's first EV will arrive by 2025.

Ferrari's first EV will likely be a hypercar to compete with the likes of the Lotus Evija and the Rimac Concept 2.

Long, low, wide, and fast as you-know-what—that's the Ferrari way. This means that Ferrari's EV won't miss any of the major features we usually see in its other vehicles, except for the traditional powerful engines, which will be replaced with electric ones.

As Ferrari delves deeper into the world of EVs, more all-electric models may emerge. Perhaps an electric FF/GTC4 Lusso successor is in the cards.



Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
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Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo

Robert Bosch, the world's largest car parts supplier, will reduce the working hours and pay of around 10,000 employees in Germany, going beyond previously announced reductions and in addition to thousands of job cuts announced on Friday.

In the latest sign of the challenges facing Germany's auto sector due to weak demand and competition from cheaper Chinese rivals, Bosch had said on Friday it would cut up to 5,550 jobs, a day after saying it would cut the working hours of 450 staff, Reuters reported.

Staff mostly on 38- or 40-hour contracts at sites around Germany will have their hours reduced to 35 hours, a spokesperson said on Saturday, confirming a report by dpa news agency.

The slowdown in the German car sector has also shaken Volkswagen, which is in an escalating dispute with workers over plans to close plants in Germany, and Mercedes , which has vowed to make tougher cost cuts.