Ferrari Utility Vehicle (F16X SUV) Confirmed By Vow-Breaking Sergio Marchionne

Speaking to CNBC, Sergio Marchionne has a different idea about what utility means in Ferrari jargon. And about electrification, for all that. But the chief executive officer of the best name in the supercar business duly confirmed that the Ferrari SUV (codenamed F16X) is slowly but steadily coming to fruition.

Sadly, but inevitably, a high-riding Ferrari will anger purists. But on the other hand, purists don’t really care about the F16X. Instead, they’re more interested in collectibles such as the 250 GTO and ultra-modern specialty vehicles such as the LaFerrari Aperta. For all intents and purposes, the company will target the FUV to an audience that might not have considered the brand in the past.

At the New York Stock Exchange, chief executive officer Sergio Marchionne assured that the F16X will preserve exclusivity by limited production volume. A figure will be offered within the next three years, but the ultimate goal is to double the automaker’s profits by 2022. Once listed on the stock exchange, profit matters more than anything, hence greenlighting the Ferrari F16X.

With Lamborghini edging closer to establishing the “Super SUV” segment with the 4.0-liter twin-turbo V8-powered Urus, the Prancing Horse of Maranello can’t afford to get left behind. Expected to ride on an evolution of the platform underpinning the GTC4Lusso T, the F16X is anticipated to employ a gasoline-hybrid powertrain and all-wheel-drive.

The name of the game here is twin-turbo V8. From a design standpoint, a previous report suggests that Ferrari is committed to “suicide back doors” and no B-pillars. In regard to timing, 2021 is the earliest we’ll get a glimpse of the F16X Ferrari Utility Vehicle.

Brand is finally getting its place in the marketplace: Ferrari’s Sergio Marchionne from CNBC.