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Record first quarter profit for Ferrari and Maserati
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Posted on
Apr 26 2008 11:44 AM
by
adnana
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Despite the downturn in the U.S. auto market - one of the most important for either brand - and the generally weak global economy, Ferrari and Maserati are measuring their profitability in the millions for the first quarter of 2008. Strong V12-model sales at Ferrari and GranTurismo sales for Maserati formed the foundation of the quarter’s success.
Ferrari sold four percent more 612 Scagliettis and 599 GTB Fioranos than the same period last year, a total of 1,654 cars. Revenue jumped 20% despite the modest increase in sales, to €456 million, while profit rose nealry 200% from €31 million to €59 million, reports Autmotive News.
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