NAZA TARGETS TO SELL 25 FERRARI UNITS THIS YEAR

PETALING JAYA, July 9 (Bernama) -- Naza Italia Sdn Bhd is confident of
selling 25 Ferrari units this year, with the bulk of the contribution coming
from the newly launched California model.

Its group executive chairman and chief executive officer SM Faisal SM
Nasimuddin said the company had secured seven orders for the California model
with the first delivery expected within this month.

"We are positive the Ferrari California will be the preferred model for new
Ferrari owners," he told reporters at the the launch of the new Ferrari model
here Thursday.

The new model, with a price tag starting from RM1.7 million, joined
Ferrari's eight-cylinder range which is made up mostly of high performance cars,
SM Faisal said.

"The automotive industry is improving as market sentiment is better than end
of last year," he said, adding that many customers had started asking about the
new model.

The California model's engine has a total displacement of 4,300cc and a
maximum power output of 460hp/338kW at 7,750rpm.

It takes less than four seconds to accelerate from 0 to 100 km/h and is able
to deliver a blistering 310km/h top speed.

SM Faisal said that Ferrari regarded the Asia Pacific region as an important
market as 1,089 cars were sold last year.
-- BERNAMA