Ferrari to limit sales high-performance street carsMay 8, 2013 - 18:12 AMT PanARMENIAN.Net - Ferrari says it will limit sales of its high-performance street cars this year to below 7,000 units to protect the brand’s aura of exclusivity, The Associated Press reported. Chairman Luca Montezemolo says that means sales will decline overall by “more than 1 or 2 percent” from last year’s sales of 7,318 cars. Sales in the first four months have risen 4 percent over last year. Montezemolo told reporters Wednesday, May 8 that “the exclusivity of Ferrari is fundamental for the value of our products. We made the decision to make fewer cars because otherwise we risk injecting too many cars on the market.” Montezemolo said Ferrari’s engine business — which supplies motors to Maserati — will help keep revenues on track. The brands are owned by Fiat SpA. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |