Benedetto Vigna, CEO of Ferrari, shares his journey from a childhood passion for cars to leading the iconic brand amidst a seismic shift toward electric vehicles. He discusses how his background in physics aids in balancing luxury and cutting-edge technology. Vigna dives into the emotional ties of Ferrari's motorsport heritage, reflecting on the challenges of maintaining this connection in a modern, electrified world. He also addresses the delicate balance between tradition and innovation as the brand evolves in an ever-changing automotive landscape.
Benedetto Vigna's background in physics enhances Ferrari's evolution as it transitions from high-powered petrol engines to innovative electric vehicles.
The blend of cutting-edge technology and emotional connection in Ferrari's design strategy is crucial for maintaining brand relevance in a changing automotive landscape.
Deep dives
Benedetto Vigna's Journey to Ferrari
Benedetto Vigna's unique background as a physicist and inventor positions him distinctively as the CEO of Ferrari. His passion for cars sparked in childhood, leading him to sneak away to his first Grand Prix at just 14 years old. Despite this passion, he started his professional journey in the technology sector, which allowed him to develop expertise in micro electromechanical systems. This diverse experience ultimately contributed to his appointment at Ferrari, demonstrating how unconventional paths can lead to significant leadership roles in traditional industries.
Technology and Emotion in Ferrari's Future
Ferrari's identity as both a luxury car manufacturer and a technology innovator is central to its strategy moving forward. Vigna emphasizes that each car incorporates cutting-edge technology while also fostering an emotional connection with drivers. This duality between advanced mechanics and the visceral experience of driving is seen as foundational for the brand's evolution into electric vehicles. The forthcoming all-electric model aims to harness new technology while retaining the unique emotional appeal that Ferrari cars are known for.
Navigating Change in the Automotive Industry
The automotive industry is shifting towards electrification, a challenge that Ferrari must embrace to remain relevant. Vigna highlights Ferrari's gradual journey into this realm, beginning with hybrid models and culminating in their first electric vehicle slated for release soon. He acknowledges the skepticism around electric cars but underscores past successes with hybrid models that gained market acceptance. This flexibility in adapting to technological advancements while focusing on customer emotions is seen as essential for Ferrari's future success.
The CEO of the Italian luxury car maker tells Business Daily how his background in physics and electronics is helping him lead the company through unprecedented change, as the furious scream of high-powered petrol engines gradually gives way to the whisper of clean but quiet electric motors.
How can Ferrari stay relevant in a rapidly changing world?
If you would like to get in touch with the show, please email: businessdaily@bbc.co.uk
Presenter: Theo Leggett
Producer: Amber Mehmood
(Picture: Benedetto Vigna, CEO of Ferrari, sitting in the company's Mayfair dealership in London, in front of a car. Credit: BBC)
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