Ferrari Boss Confirms Seriousness in First SUV

Ferrari head Sergio Marchionne responded to recent speculation of a Ferrari SUV, suggesting that a utilitarian vehicle will happen “Ferrari style”.

The new FUV or Ferrari Utility Vehicle will have coupe styling unlike Porsche Cayenne or the Bentley Bentayga.

The reports that Ferrari’s new SUV, codenamed F16X, will be based on GTC4 Lusso AWD with a tentative launch by 2021. We expect the FUV to come with V12 engine from the GT sportscar that does duty on the GTC4 Lusso T.

While Marchionne did not reveal much about the new SUV, he did say that the company will make their intentions clear in their new five-year plan which will be announced in the first quarter of 2018.

Moreover, reports also suggest that Ferrari is looking to double its market share by 2022 with this new SUV. Moreover, the new plan will also allow the company to break its self-imposed limit of delivering 10,000 units in a fiscal year.

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