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Last updated: May 08. 2013 11:53PM - 819 Views

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Ferrari, based in Modena, Italy, will limit sales of its high-performance street cars this year to protect the brand’s aura of exclusivity, Chairman Luca Montezemolo said Wednesday. Wealthy people around the world are snapping up Ferraris and the company is worried the brand might lose its appeal as a symbol of rarefied luxury. As a result, it will scale back production to below 7,000 units this year, compared with 7,318 last year.


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