Exclusivity pays off as Ferrari reports record 2013 - leatherbiz: Lead Leatherbiz

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Exclusivity pays off as Ferrari reports record 2013

20/02/2014
Luxury carmaker Ferrari has said sales rose 5% in 2013 to a record EUR 2.3 billion.

The Italian company cut production in order to keep its cachet and made fewer deliveries.

"We are proud to be representatives of the 'Made in Italy' label," Ferrari chairman Luca di Montezemolo said. "We understand what our company represents in the world, not only in terms of image, quality or tradition, but also technological innovation."

Profits rose 8.3% to EUR 363.5 million.







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