Make way for the family Ferrari

ferrariFF.jpgThe Italian sports car maker is branching out with its four-seat FF, the first Ferrari with four-wheel drive. It'll set you back $359,000 - and it's being marketed as family friendly. The company wants to build 800 of them each year; the first year of production is already sold out. Here's betting that a few will soon be showing up on Westside driveways. From Bloomberg:

Ferrari in 2010 posted a 13 percent increase in sales in the U.S., the biggest market for supercars. Employees at big Wall Street banks continued to outpace other professions in earnings even as they took modest pay cuts in 2010. Ferrari is also trying to boost profit by adding products and expanding in fast-growing countries such as China, where its sales increased 44 percent in 2010, and India, where it will open a first dealership in Mumbai in coming months. Ferrari opened a theme park in Abu Dhabi last year.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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