Ferrari to launch 15 new models before 2022

Ferrari's revised plans have been described as "ambitious but doable" by new boss Louis Camilleri and aim to secure the company's future by doubling profits from its current €1 billion to €2 billion by 2022. The carmaker is also targeting an increase in margins – up from around 30 percent to a projected 38 percent.

In the next four years, the Italian car manufacturer plans to split its product portfolio into four pillars – Sports, GT, Special Series and a new hypercar range (dubbed 'Icona'). A total of 15 cars have been proposed by Camilleri to be launched over the next four years.

The first two models of its 'Icona' range were recently showcased at Maranello. Ferrari's long-mooted SUV will be part of its GT range and will run on plug-in hybrid propulsion. No specific launch date has been revealed yet, but it is a model that is more likely to arrive closer to 2022 than today.

The Sports series currently comprises the 488 and 488 Spider as well as the 812 Superfast. The rest of the Sports series range will move to a fully hybrid powertrain by 2022, including a new mid-engined model, set to be "a real supercar in the standard range". The new car set to sit above the 488. The smaller Dino, it appears, has been sidelined for now, in light of the new plans.

A replacement for the LaFerrari hypercar was not detailed in the product plan up until 2022, but it is understood that work has begun on the successor's new powertrain technology. Naturally aspirated V12 engines will still be on offer – development of the current 12-cylinder units is already underway.

Work has also begun on a new six-cylinder engine, set to use a V6 layout albeit combining turbocharging and hybrid technology to boost performance. It is yet unknown which specific models will use this powertrain, but it will be a key component in Camilleri's plan of hybridising at least 60 percent of Ferrari's range by 2022.