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3 Jul, 2008 03:28

Ferrari plans Russian rollout

On the heels of other world automakers, Ferrari has decided to expand into the Russian market and set up its own subsidiary importer in the next 15 months.

Mercury Group is the only current official importer of Ferrari cars to the country.

Last year about seventy Ferraris were sold to Russia's super-rich and the automaker's representatives say demand exceeded supply.