David Rosenthal

Ferrari today is even farther away from Fiat than it was before the IPO.

It really kind of reestablished Ferrari as its own separate entity.

Yes, that's true.

I think the really interesting thing to look at is how...

The Ferrari model range has evolved in the years since the IPO.

So this is the collection of sports cars and GT Grand Touring cars that have always been the core of Ferrari.

You've got your mid-engine V8s and V6s, you've got your front-engine V12s, and you've got your hybrids that have been a relatively new addition.

Yep.

Yeah.

Shall we say.

So at the end of the Luca era...

That was the product lineup.

It was the core range and the occasional halo supercar.

That was it.

These are like the special versions of the range.

cars, the high performance, you know, if you take like BMW, you know, you've got your regular BMWs and then you've got your M series or Mercedes, you've got the regular Mercedes, then you've got the AMG.

Part of me is dying by making this analogy for Ferrari, but it's telling, right, that this was added.

This never existed before.

And now there's, you know, essentially the M series or the AMG series of the Ferrari range.

Yeah.