Ferrari enjoys record year, boosted by China business

Italian automaker Ferrari released record figures for its business performance for 2012 despite the global economic turmoil. The company's total revenue increased 8 percent to 2.43 billion euros ($3.25 billion), while net profit rose 17.8 percent to 244 million euros. The Greater China region, including the mainland, Hong Kong and Taiwan, remained the Italian brand's second-largest market in its four major regional markets - the United States, Europe, Greater China and Far East. Ferrari sold 784 of its sports cars in the Greater China region, 4 percent more than in the previous year, with almost 500 going to mainland consumers.

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