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Ferrari Posts Financial Results for First Three Quarters

Italian manufacturer Ferrari drew the line and posted today its financial results for the three quarters of 2009, with numbers showing 1,287 million euro revenue, down 6.9 percent from the 1,419 million for the same period of 2008. For the third quarter, Ferrari earned 396 million euro by selling 1,454 cars.

To make things look even better (even if they quite don't really compare with 2008, the most successful year in the company's history from an economic point of view), Ferrari posted a market share increase in all of the countries it is present in.

The Prancing Horse saw sales increasing in several of its markets, with the Middle East and the Asia Pacific region showing impressive appeal for the exquisite Italian vehicles. China, of course, led the way in terms of sales, despite the introduction of a heavy tax on luxury goods.

To give the country its deserved attention, Ferrari will host in Beijing, on November 3, a special event to celebrate its fifth year in the country. A unique 599 GTB Fiorano, tampered with by Chinese artist Lu Hao, will be auctioned there. The money raised from the auction will be donated to finance study grants for young Chinese automotive engineering students.

Back to more serious business, Ferrari managed to appoint two new members to the Board of Directors, namely Alessandro Gianni Baldi, representing the Fiat Group and Khaldoon Khalifa Al Mubarak, the CEO of Mubadala, an investment company based in Abu Dhabi. The two will replace Jean Todt, the new FIA president, and Ferruccio Luppi.
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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