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Austerity measures hit Italian luxury brands domestically

07/01/2013

High-end made-in-Italy cars suffered severe declines in sales in their home market in 2012. Ferrari reported a 57% drop in sales in Italy last year compared to 2011, while the fall registered by Maserati was even steeper at 72%. The figures come from the Italian auto industry, Unrae. Analyst Luca Solca told the Financial Times recently that...

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