Ferrari seeks to contain price rises-CEO

Newswire

MARANELLO, Italy, June 25 (Reuters) - Luxury sports car maker Ferrari will try to protect customers from rises in raw materials prices by cost controls, its chief executive officer said on Wednesday. "We will try to absorb the costs (of raw materials) through greater efficiencies," Amedeo Felisa told reporters after a presentation. Felisa added orders were holding up for the cars, which sell for upwards of 160,000 euros ($249,200). Asked by reporters if there had been any fall off in ...

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