Ferrari SpA, the iconic Italian sports car producer, unveiled a five-year business strategy on Wednesday in which it hopes to increase its turnover from China and the United States, as income from Europe remains sluggish.
“The Greater China market plus the Far East region will contribute 2 percent more turnover to Ferrari in the next five years, while the US will generate 10 percent more,” said Luca di Montezemolo, its chairman.
He added that by 2017, China and the US will both contribute 30 percent of turnover, from the current 28 percent for China and 20 percent for the US.Meanwhile, turnover from Europe and the Middle East will decline from the current 52 percent to 40 percent.
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Li Fangfang via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/cz56yHh8XUE/
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