Slower growth for Ferrari in 2013

Ferrari posted a 5 percent rise in 2013 revenue to a record 2.3 billion euros ($3.15 billion), even as deliveries to dealerships of road cars fell 5.4 percent to 6,922 units. Ferrari’s trading profit for the year – earnings before interest, tax and one-time items – rose 8.3 percent to 363.5 million euros, helping to erode some of parent group Fiat-Chrysler‘s losses in Europe.

While Europe’s mass market carmakers have been forced to idle plants because of weak demand, Ferrari cut production in order to keep its luxury positioning. Ferrari will present its latest new model, the California T, at the Geneva Motor Show next month.

Ferrari California T to be presented at the 2014 Geneva Motor Show