Ferrari unveils hybrid supercar as Ford sees gloom in Europe

Marion Dakers
FERRARI yesterday launched a hybrid supercar with a top speed of 350 kilometres an hour and a price tag of €1m (£862,246).

The Italian car maker unveiled LaFerrari, which will have a production run of just 499, at the Geneva International Motor Show.

The trade event also showcased Ford’s new EcoSport compact crossover, which the firm plans to launch in Europe later this year.

But Ford’s head of Europe, Stephen Odell, said the company expects sales in the continent to be at the low end of forecasts in the first half of the year, leading to a $2bn (£1.32bn) annual loss.

The region’s patchy car market has not deterred Chinese-Israeli carmaker Qoros, which yesterday announced that it will start selling a new sedan in eastern Europe this year.

Lamborghini, Volkswagen, BMW and Rolls-Royce are among the other marques to reveal new models at the Geneva International Motor Show.