posted 8 years ago

Ferrari to Introduce Cost Controls

Luxury sports car maker Ferrari will try to protect customers from rises in raw materials prices by cost controls.

Ferrari, the luxury sports car maker, will try to protect customers from rises in raw materials prices by introducing cost controls.

At a press conference yesterday Amedeo Felisa stated that, "We will try to absorb the costs (of raw materials) through greater efficiencies." When quizzed if orders for Ferrari's had slowed he said, "No, and we hope that will continue".

Ferrari are owned by the Fiat Industrial Group, who's sales of new cars for the month of may fell by just over 12%, are expected to make a similar loss for the month of June.