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Luca di Montezemolo

๐Ÿ‘ค Speaker
1553 total appearances

Appearances Over Time

Podcast Appearances

Acquired
Ferrari

So how are they so profitable?

Acquired
Ferrari

This is the exact comparison I was going to.

Acquired
Ferrari

Well, let's look at their cost to make each car versus how much they can sell each car for.

Acquired
Ferrari

I will start by looking at other car companies to kind of get a sense of what their gross margins are.

Acquired
Ferrari

Not EBITDA, not net income, not cash flow margin.

Acquired
Ferrari

That is their gross margin when they create one unit of a car.

Acquired
Ferrari

They make 7% before having to pay their overhead and their R&D and their G&A and- Any of their fixed costs.

Acquired
Ferrari

Mercedes-Benz, 16% to 22%.

Acquired
Ferrari

Freaking Porsche, 15% to 25%.