UPDATE 1-Ferrari says needs to innovate, no IPO in sight

Newswire

(Adds Fiat chairman on H1 sales) MARANELLO, Italy, June 21 (Reuters) - Ferrari must be more innovative, Vice Chairman Piero Ferrari said at an event to mark the Italian luxury sports car maker's 60th anniversary, adding the firm is unlikely to sell shares to the public anytime soon. "It's important that Ferrari doesn't keep replicating itself," Ferrari, who is the son of founder Enzo Ferrari and owns 10 percent of the company, said on Thursday. "We're working on various new models," ...

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