THE FIAT GROUP IN
THE FIAT GROUP IN
THE FIAT GROUP IN
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Maserati Spyder – 390 hp, 4200 cc.<br />
In 2001, Maserati launched ambitious marketing programs,<br />
particularly in the North American market, to which it is<br />
returning after a 12-year hiatus (the first cars were scheduled<br />
for delivery at the beginning of 2002).<br />
RESULTS FOR <strong>THE</strong> YEAR<br />
At the consolidated Ferrari/Maserati level, revenues were<br />
about 1,058 million euros, or 18% more than the 893 million<br />
euros reported in 2000. Operating income totaled 62 million<br />
euros (+35% compared with 2000), reflecting strong sales<br />
and favorable foreign exchange rates.<br />
Depreciation and amortization increased to 76 million euros,<br />
up from 64 million euros in 2000. Research and development<br />
outlays were also up, rising from 63 million euros in 2000<br />
to 81 million euros in 2001.<br />
Ferrari’s mission is to consolidate its leadership of the exclusive<br />
elite-car market segment, leveraging the positive image generated<br />
by its successes on the racetrack.<br />
Net income totaled 47 million euros, up sharply from the<br />
7 million euros reported the previous year.<br />
2001 was a year of great achievements for the Sector’s<br />
racing activities. With victories in both the Constructors’<br />
Championship (the third in a row) and the Drivers’ World<br />
Championship (the second in as many years), Ferrari<br />
confirmed its status as a top racing organization and showed<br />
that it continues to improve every year. The unstinting<br />
commitment of a dynamic and close-knit team enabled Ferrari<br />
once more to score important victories in contests where<br />
it competes with some of the world’s best constructors.<br />
Ferrari won nine of the 17 races in the championship series,<br />
earning a total of 179 points (170 in 2000). This success<br />
rewards the great professional commitment of the team’s<br />
members and the effort made by the company to deploy<br />
the most sophisticated technologies.<br />
Production facilities and R&D centers (Italy)<br />
Ferrari Maserati Total<br />
Production facilities 2 1 3<br />
R&D centers 1 1 2<br />
Report on Operations – Ferrari and Maserati<br />
71