The EU last month proposed an effective ban on the sale of new petrol and diesel cars from 2035 as part of its measures to combat global warming, posing a challenge to automakers that have made powerful engines a key selling point.
“We see the regulation as welcome,” Elkann said, as Ferrari stuck to its main 2021 targets after reporting second-quarter core profits just ahead of expectations. Elkann, the scion of Italy's Agnelli family which controls Ferrari through its investment company Exor, was speaking weeks before new CEO — technology industry veteran Benedetto Vigna — takes the helm on September 1.
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