Ferrari's di Montezemolo Says Increased Demand Will Result in Record Sales and Profits This Year

As a whole, the global automotive sector is facing many unknowns. China, the world’s biggest car market, is slowing down, the US, despite being on a positive track so far, is not immune to fears of a future recession, and Europe is facing the worst crisis in its recent history.

Even so, Ferrari Chairman Luca di Montezemolo expects his company to report all-time sales and operating profit highs in 2012.

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