Ferrari raised its outlook on strong demand for models like the new Purosangue crossover.
EU authorities placed six billionaires on a sanctions list Monday, barring the individuals from moving their property.
Ferrari is not only moving into battery-powered vehicles, it is also launching its first SUV.
Ferrari faces a second leadership crisis in just a few years after Louis Camilleri resigned in December.
Thus far, Ferrari has managed the pandemic better than expected.
The Portofino M is priced at about $244,000.
Ferrari sold over 10,000 units in 2019, a record for the luxury auto manufacturer.
The new model is also the first Ferrari sports car to be equipped with four-wheel drive.
The dynasty is known for its clothing line, but it also ran the the bridge that collapsed in Genoa, killing 43 people.
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