Ferrari plans Russian rollout

Published 03 July, 2008, 07:28

On the heels of other world automakers, Ferrari has decided to expand into the Russian market and set up its own subsidiary importer in the next 15 months.

Mercury Group is the only current official importer of Ferrari cars to the country.

Last year about seventy Ferraris were sold to Russia's super-rich and the automaker's representatives say demand exceeded supply.

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With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

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