What do Italy's right-wing Transport Minister Matteo Salvini, former Ferrari boss Luca Cordero di Montezemolo and opposition lawmaker Carlo Calenda have in common? They all hate the design of the new fully electric Ferrari "Luce" unveiled on Tuesday. "Electric, extremely expensive (550,000 euros!), and, aesthetically speaking, it speaks for itself … It looks like anything but a [Ferrari] car. And is that supposed to be 'innovation'? I wonder what Enzo Ferrari would say … ?" Transport Minister Matteo Salvini wrote in a social media post, slamming Ferrari's latest model. Salvini's comments are likely to heighten tensions between the Italian government and the Agnelli-Elkann family, the largest single shareholder in Ferrari and the global carmaker Stellantis. The controversial Luce — the first Ferrari model to be fully electric and to have five seats — immediately sparked outrage among purists in Italy. It also didn't immediately convince investors, with Ferrari's stock dropping by more than eight percent on Tuesday.
Published: May 26, 2026 5:23 pm
Source: politico.eu — Read original