4.4 • 796 Ratings
🗓️ 28 March 2025
⏱️ 18 minutes
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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?
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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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0:00.0 | Hello and welcome to Business Daily. I'm Theo Leggett. In today's full-throttle edition, |
0:08.5 | we'll be hearing from a man whose job is to guide an Italian icon through a period of |
0:12.8 | unprecedented change. His name is Benedetto Vina. He's a physicist, an inventor, well-known in Silicon |
0:20.1 | Valley, and he's also the chief executive |
0:22.8 | of Ferrari. |
0:24.2 | So please, plug in your seatbelt and enjoy the ride. |
0:33.4 | First of all, let's go back nearly a hundred years. |
0:36.9 | In 1929, a young Italian from Modena set up his own team to compete in the still relatively new sport of motor racing. |
0:44.7 | The cars of the age were big, powerful, difficult to drive and fiendishly dangerous. |
0:50.1 | The man's name was Enzo Ferrari. |
0:52.9 | After the Second World War, Ferrari struggled to fund his motorsport, |
0:57.0 | so he set up a business selling high-performance luxury road cars. |
1:01.0 | They were fast, they sounded furious, they carried his name, |
1:05.0 | and they exploited every ounce of their racing cousins' DNA. |
1:10.9 | And for decades, that's how Ferrari has continued to operate. |
1:15.2 | Its exploits on track in Formula One and other series have given the brand a mythology |
1:19.8 | and red-blooded glamour that wealthy petrolheads have been all too happy to buy into. |
1:25.3 | Today, it's a multi-billion dollar business, but the world's changing and the |
1:29.8 | motor industry is undergoing what amounts to a technological revolution. So where does Ferrari go from |
1:35.9 | here? To find out, I went to meet the man whose job is to steer the company into the future. |
1:46.5 | Today I'm sitting in a car dealership, but not just any dealership. |
1:50.6 | It's in Barclays Square in the heart of London's well-dressed and very well-to-do Mayfair |
... |
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