P1racenews AI automatic summary:
Ferrari employees will get a notable bonus after the Italian car giant exceeded expectations for the 2024 calendar year.
Ferrari is rewarding its five thousand employees with a significant bonus this year, following the surpassing of end-of-2024 targets. The company’s net revenues increased by 11.8% year-on-year to €6.67 billion, with net profit rising by 21% to €1.5 billion. Each Italy-based employee will receive a bonus of €14,400, up from €13,500 the previous year, as confirmed by Ferrari’s CEO, Benedetto Vigna. In 2024, Ferrari delivered 13,752 vehicles, and plans to launch six new models in the upcoming year, including their first electric car. Despite signing Chinese driver Zhou Guanyu to their F1 team, Ferrari remains focused on maintaining brand integrity in China and prioritizing quality over volume, with orders in the country already covering five quarters.
