Ferrari will unveil its first hybrid supercar – the FXX K – at the Yas Marina circuit in Abu Dhabi this weekend.
The Italian car maker has invited a select group of customers to test drive the1,050 horsepower prototype at the Finali Mondiali Ferrari, an annual event which is taking place outside Europe for the first time.
The event began yesterday and runs through Saturday, when the unveiling is scheduled to take place.
The car maker will also display more than 200 exotic and limited-series models, including 74 challenge cars and 17 Formula One single-seaters.
A source said the car maker plans to make an announcement at the weekend. However, he declined to provide details.
“The laboratory car is based on Maranello’s first hybrid model and will grace the world’s tracks from next year onwards,” Ferrari said yesterday.
The FXX K is capable of pumping out 1,050 horsepower from a conventional V12 engine, which delivers 860 horsepower, and 190 horsepower from an electric motor.
The FXX K is based on the €1 million (Dh4.5m) LaFerrari hybrid. The car maker will build just a few dozen of the model, which may cost about €2.5m each, Bloomberg News reported.
The FXX K will be reserved for a limited number of customers who will use the car only on tracks in private sessions or at events organised by the manufacturer, the report added.
The programme allows Ferrari to test some extreme features that may be used in vehicles eventually built commercially without having to meet road certification or racing regulations. The FXX K will never be used in competition.
Ferrari, which has restricted production to about 7,000 cars a year to preserve the brand’s exclusivity, plans to boost profit with more expensive and limited-release models and additional services as the chairman Sergio Marchionne separates the business from Fiat Chrysler.
The FXX K is the first Ferrari model unveiled since Mr Marchionne, who runs Fiat Chrysler, took the post at the supercar producer in October following the departure of Luca Cordero di Montezemolo as the chairman.
The London-based parent company plans to spin off Ferrari next year to help raise about US$5 billion to counter mounting debt, giving investors a chance to buy into one of the automotive industry’s most storied names.
Ties between Ferrari and Abu Dhabi go back some way.
Mubadala Development, the Abu Dhabi government-owned investment company bought a 5 per cent stake in the luxury car maker from Fiat in 2005. It bought the stake for €114m and sold it in 2010 for €122m, realising gains of €8m.
* with Bloomberg News
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Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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MATCH INFO
Uefa Champioons League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
The biog
Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza
Hobby: Running and watching Welsh rugby
Travel destination: Cyprus in the summer
Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.
In numbers
1,000 tonnes of waste collected daily:
- 800 tonnes converted into alternative fuel
- 150 tonnes to landfill
- 50 tonnes sold as scrap metal
800 tonnes of RDF replaces 500 tonnes of coal
Two conveyor lines treat more than 350,000 tonnes of waste per year
25 staff on site
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
SCHEDULE
December 8: UAE v USA (Sharjah Cricket Stadium)
December 9: USA v Scotland (Sharjah Cricket Stadium)
December 11: UAE v Scotland (Sharjah Cricket Stadium)
December 12: UAE v USA (ICC Academy Oval 1)
December 14: USA v Scotland (ICC Academy Oval 1)
December 15: UAE v Scotland (ICC Academy Oval 1)
All matches start at 10am
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
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Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association