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Ferrari to Debut SUV-Like Model in September

Ferrari RACE 0.84%▲ NV said a new larger, taller model similar to a sport-utility vehicle will be unveiled this fall and confirmed plans to release its first fully electric car in 2025, promising in its first long-term strategy presentation in years that it would continue to make cars that stand out as the industry embraces electrification.

Ferrari had previously unveiled plans for going electric for some models and said an SUV-style vehicle was on the way this year. On Thursday, it said it was now targeting September for the debut of that model. Ferrari already sells four hybrid electric models.

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