F1 aside, Ferrari had winning year in 2006

Tue, 9 January 2007, 09:00

Ferrari, whose Maranello based formula one team finished second in the drivers’ and constructors’ championships in 2006, apparently had a winning year off the track.

The famous Italian sports car maker produced 5,658 cars last year; a five per cent increase over 2005, Ferrari announced on Monday at the opening of the Detroit Motor Show.

Industry experts speculate that Ferrari will therefore record higher revenue and trading profits in 2007.

Two such experts, meanwhile, deny that the world of luxury sports cars is worried about high fuel prices and growing concerns about the environment.

“Does Ferrari have a future?” a motoring magazine publisher in Detroit laughed after being asked the question by a journalist for the Washington Post.

“There always will be a Ferrari, and the reason for that is simple. There always will be people who want something better than a Timex watch.”

CEO of Ferrari North America, Maurizio Parlato, added: “It is not that our customers do not care about fuel economy.

“But, no, it is not their primary concern.”


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