Ferrari on course for €1bn annual profit as supercar demand rises

Worldwide sales of Ferraris, Bentleys, Lamborghinis, McLarens and Rolls-Royces have risen 51% over the past five years

Ferrari is on course to rake in a record €1bn (£766m) profit this year as the world’s wealthy buy more supercars than ever before.

Sergio Marchionne, the company’s chief executive, said on Thursday that Ferrari’s adjusted profits for the first nine months of 2017 were up 24% and that the firm was on track to meet its target of €1bn annual profit two years ahead of target.

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