Ferrari CEO Sergio Marchionne, who also separately serves as Chief Executive Officer of Fiat Chrysler Automobiles, has confirmed that Ferrari is contemplating introducing a crossover utility vehicle. The Italian sportscar manufacturer will present a new five-year plan in the first quarter of 2018 that could include plans for a utility vehicle, Bloomberg reports.
“It will probably happen but it will happen in Ferrari’s style,” Marchionne said during a recent conference call. “That space is too big and too inviting and we have a lot of our customers who will be more than willing to drive a Ferrari-branded vehicle that has that king of utilitarian objective.”
Marchionne says that Ferrari’s Maranello plant has the potential to double production, exceeding its self-imposed 10,000-car limit in a bid to double profit by 2022. The anticipated four-seat utility vehicle would represent a large part of that plan, although brass at the legendary marque are unlikely to sign off on anything they feel doesn’t exemplify the core tenets of the Ferrari name. The company’s CEO said “you have to shoot me first” before Ferrari releases a crossover at all similar to those offered by the likes of BMW, Bentley, and Porsche.