31 Oct '11, 12pm

Ferrari sees 'one of best years' despite downturn

Ferrari sees 'one of best years' despite downturn

Italian luxury sports car maker Ferrari said on Monday it expected 2011 to be one of its best sales years ever despite the global economic downturn. -- PHOTO: REUTERS NEW DELHI (AFP) - Italian luxury sports car maker Ferrari said on Monday it expected 2011 to be one of its best sales years ever despite the global economic downturn. Ferrari, part of Fiat Group Automobiles, said it expected to sell around 7,000 cars globally this calendar year, up from around 6,500 in 2010, with growth driven by new markets in Asia and the Middle East and good United States sales. The company has had 'one of its best years in 2011,' global chief executive Amedeo Felisa told reporters as he launched Ferrari's new FF model in India at the company's New Delhi dealership. The FF - standing for four seats and four-wheel drive - comes at a starting price of 34.2 million rupees (S$877,000) in India...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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