Ferrari targets 15 pct margin this year - report


FRANKFURT, Aug 23 (Reuters) - Fiat's sports car unit Ferrari aims to boost its profit margin sharply this year and tried in vain to recruit Michael Schumacher as an executive, Ferrari head Jean Todt was quoted as saying. "This year we are targeting 15 percent," he told Germany's Manager Magazin, up from a 12.6 percent margin last year. With trading profit of 101 million euros ($136.9 million) on net revenues of 804 million in the first half of this year, Ferrari had a trading profit ...

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