| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
Record first quarter profit for Ferrari and Maserati |
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.
Perhaps best of all, the gains for Ferrari are in comparison to its best year ever - 2007 - during which the company gained over 15% in revenues and grew profit by 45% over the previous year.
Maserati’s strong GranTurismo sales resulted in 2,234 cars delivered, a rise of 21.3%. Maserati’s second year in the black after a nearly two-decade dip in the red saw profit rise to €10 million, an increase of €11 million over the million-euro loss of Q1 2007.
[source]
Add your comment:
Ferrari launches site for new GT, 10 days until preview
Despite its position at the apex of consumer and motorsport automotive technology, Ferrari has largely shied away from doing serious business via the technological medium of the new millenium: the internet. That’s all changing, as Ferrari has... More »
Ferrari GT heading to Paris, teaser site launched
It's been photographed for months and referred to alternately as Dino and F149, but for now at least, the newest stallion from Maranello goes by the generic moniker, Ferrari GT. Today, the automaker launched www.ferrarigtcountdown.com where the car... More »
Ferrari California
The upcoming 2008 Paris Auto Show will present the new Ferrari. Due to big love of the manufacturers to the Pacific coast state, they named the auto Ferrari California. They even said all the American operations are going to be set up in Santa Monica... More »
Design Exercise: Ferrari Concept 2008
Click the image above for more hi-res pics of the Ferrari Concept 2008We realize that not everyone will agree with us on this one -- passions seem to run highest over the cars that the fewest number of people will drive -- but if the Ferrari California... More »
Ferrari 599 GTB goes up in flames on delivery drive
It was just another day in Martin Bullen’s rather fortunate work life - driving a Ferrari 599 GTB Fiorano, and getting paid to do it. Of course, he was driving it to the repair shop, but still, there are worse ways to make a living. And then... More »
More...
