Chrysler 2000 Annual Report Download - page 76

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Report on Operations – Ferrari and Maserati
Gratifying sales results were also achieved in Australia,
Portugal, Hong Kong, the Middle East and Scandinavia.
In 2000, Maserati reported a further improvement, with sales
of the 3200 GT and Quattroporte Evoluzione models reaching
almost 2,000 units. Maserati’s biggest markets are Germany
(426 units, +27%), Great Britain (301 units, -14%) and Italy
(300 units, +3%). Sales were up strongly in Japan, which
was again the main market for the Quattroporte.
The Sector worked very hard to establish a sales network in
the United States ahead of the upcoming launch of Maserati
models.
At the consolidated Ferrari/Maserati level, revenues were
almost 900 million euros, or 18% more than the 758 million
euros reported in 1999.
Operating income totaled 46 million euros, or almost double
the amount earned in 1999, reflecting strong sales and
favorable foreign exchange rates.
Depreciation and amortization increased to 64 million euros,
up from 60 million euros in 1999. Over the same period,
research and development outlays were also up, rising from
55 million euros to 63 million euros.
At 7 million euros, net income was about the same as in
the previous fiscal year.
2000 was an exceptional year for the Sector’s racing
activities. The Ferrari Team reached both of its stated objectives,
winning its tenth World Championship (after a 21 year hiatus)
and retaining the Constructors’ Championship (its tenth
overall), which it had regained in 1999.
Ferrari won ten of the seventeen races in the championship
series, earning a total of 170 points, the most since the
team began competing in the F1 World Championship.
This success rewards the great professional commitment of
the team’s members and the effort made by the company
to deploy the most sophisticated technologies.
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Ferrari 360 Spider. Ferrari was the winner of the 2000 F1 World Championship.
Maserati 3200 GT.