Ferrari CEO: Formula One Is in Our DNA After Cadillac Supply Deal
Ferrari CEO: Formula One is in Our DNA
New york – Ferrari Chief Executive Benedetto Vigna expressed immense pride in the luxury sportscar maker’s recent deal to supply engines and gearboxes to a new Cadillac formula one team. The multi-year agreement, announced earlier this week, will begin in 2026.
“We are very glad of this selection, and this makes us proud,” Vigna said at the Reuters NEXT conference in New York. “Also, we have a sense of responsibility as the success of these other teams also depends on our engine.”
Vigna emphasized Ferrari’s deep-rooted connection to motorsports. “In our DNA is racing. We have been present in this sport, which is now becoming entertainment, as the beginning.”
The CEO also reiterated Ferrari’s commitment to electrification, confirming the company will unveil it’s first fully-electric car in the fourth quarter of 2025.
While Ferrari began accepting payments for its luxury cars in cryptocurrencies last year, Vigna clarified that the company is not investing in them.
“We wanted to provide the prospect for clients… In any case, we get cash – dollar or euro depending on the country. We love cash,” Vigna explained.”We don’t invest in crypto. We don’t want to get crypto and speculate – it’s a way to make purchase seamless.”
Cryptocurrency payments, initially launched in the U.S., are now also accepted at some European dealerships.
Ferrari CEO: Formula One Deal a Matter of Pride, Electrification on the Horizon
New York: Benedetto Vigna, CEO of luxury sportscar manufacturer Ferrari, expressed immense pride in agreeing to supply engines and gearboxes to a new Cadillac Formula One team. The multi-year agreement commences in 2026.
” We are very glad of this selection, and this makes us proud,” Vigna stated during the Reuters NEXT conference in New York. ” Also, we have a sense of duty as the success of these other teams also depends on our engine.”
Vigna emphasized Ferrari’s enduring link with motorsports, stating, “In our DNA is racing. We have been present in this sport, which is now becoming entertainment, from the beginning.”
He reiterated Ferrari’s dedication to electrification and confirmed the launch of its entirely electric vehicle in the fourth quarter of 2025.
Regarding cryptocurrency, Vigna clarified that despite Ferrari beginning to accept cryptocurrency payments for its luxury cars last year, the company is not investing in them.
“We wanted to provide the prospect for clients,” Vigna explained. “In any case, we get cash – dollar or euro depending on the country.We love cash.We don’t invest in crypto. We don’t wont to get crypto and speculate – it’s a way to make purchase seamless.”
Introduced in the U.S., cryptocurrency payments are now accepted at select European dealerships.