Weak US Economy & Dollar Might Spell Trouble For Ferrari
November 19, 2007 · Posted in Uncategorized
By Gunnar Heinrich
In a cold reminder that even the hottest of companies can see their sales cool under economic conditions that affect most of the world, Ferrari company reps have stated their concerns about the prospect of weakening dollar.
That said, the company has also told Reuters that it had "hedged itself adequately against a weak dollar against the euro."
Ferrari sells 40% of its cars to the US market alone.
Read the Reuters story >>>
[Source:Reuters]
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