Sunday, October 5, 2008

Financial crisis? Global credit crunch? Ferrari California sold out till 2011

It's just official that the Bush administration had gotten the go ahead for the huge $700 Billion loan for Wall Street, and just a week ago, the Detroit Big Three gotten their fair share of $25 Billion loan from the Federal Government. With stock markets everywhere dropping to new lows, it seems an economic meltdown is inevitable. Well, not for Ferrari, as the new California was already sold out till year 2011, with an average production of around 3,000 annually, the first hard top convertible from Ferrari had gotten 60% of buyers who had never bought a Ferrari before, proving their investments of going into new segments as a rather promising bet. Ferrari is now on track reaching an unprecedented sales record in their history of making highly desirable supercars. Says Luca Di Montezemolo, Fiat and Ferrari's boss.

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