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Ferrari posts record sales in 2011

Revenue up 17% to 2.3 billion euros

17 February, 16:58
Ferrari posts record sales in 2011 (ANSA) - Rome, February 17 - Ferrari posted record sales for 2011, with revenues of 2.3 billion euros, the luxury automaker announced Friday. "We couldn't be more satisfied," said Ferrari President Luca di Montezemolo. "Despite the economic difficulties in Europe, it's thanks to strong investments and a culture of 360-degree innovation". Total revenue was up 17% from sales of 7,195 sports cars worldwide. Ferrari has expanded sales to 58 countries spanning from Asia to Latin America, which has made up for slumping revenue in traditional markets such as Europe and North America amid the economic crisis.

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