Saturday, 5. June 2004
Topic: CARS - on June 5, 2004 at 1:56:00 PM CEST
Ferrari Opens First China Showroom
Dozens of Ferraris cruised through Shanghai as the Italian sports car maker opened its first Chinese showroom on Saturday, joining a stream of foreign luxury brands targeting newly rich Chinese buyers. The company said it hopes to double sales in China this year of its Ferrari and Maserati brands to 200 cars - each priced at up to $360,000. It plans to open dealerships in 11 mainland cities over the next 18 months.
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