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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |