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Ferrari reports fewer sales, more profit to prove strategy is working

Ferrari's angle of emphasizing exclusivity by limiting deliveries is appearing to bear fruit. The company posted a 7.1-percent increase in revenues to 1.7 billion Euros ($2.2 billion at today's exchange rates) during the first half of 2013. Net profits, meanwhile, saw a jump of 20 percent to 116.2 million Euros ($153.5 million). The Prancing Horse delivered 3,767 cars, which, while an increase of 2.8 percent, represents a rate of growth that's slower than in the first quarter of 2013.
While Ferrari may be actively trying to slow its sales down to below 7,000 in 2013, it's seen increased numbers in the US, Great Britain and Germany, along with double-digit growth in the Middle East and Japan (39 percent and 28 percent, respectively).
The move to limit sales should have a greater impact on the numbers that come in later this year, which we told you about back in May. Ferrari's controversial move has already seen a drop in sales to China, which saw 50 fewer Prancing Horses than this time last year.

Ferrari Monza SP1 and SP2 are its most powerful road cars of all time

Ferrari just pulled the wraps off the limited-edition Monza SP1 and SP2, and successfully reminded the world that it still knows how to make a jaw-dropping car. We saw the supercars and learned a few details about them earlier today when someone posted pictures on Instagram from a private Ferrari event. Now we have all the details and official photos from Ferrari. Providing the thrust is the most powerful engine Ferrari has ever built for a road car. It took the 6.5-liter V12 from the 812 Superfast and eked out a few more ponies to get it to 809 horsepower and 530 pound-feet of torque. Ferrari says that's good for a 0-62 run in 2.9 seconds - oh yeah, there's no windshield either. The SP1 is a one-seater and the SP2 is logically a two-seater. They were designed to take us back down Ferrari's memory lane, namely those of the 1940s and 1950s era where the name "barchetta" grew from. In decidedly not-old news, though, both are made of carbon fiber and go over 186 mph. They're light, but not crazily so with the SP1 coming in at 3,307 pounds. The pair are also part of a new segment Ferrari is calling 'Icona,' which, as you may have guessed, translates to Icon. Ferrari thinks it solved the windshield delete issue too. Apparently the fairing ahead of the steering wheel and instrument panel is designed to disrupt part of the airflow when traveling at speed. We'd imagine a helmet might still be the smart option though. Ferrari only plans to build 500 of these cars and hasn't publicly announced a price, but it's safe to assume that they won't be cheap and your chances of snapping one up are slim to none. Featured Video:

BMW, Ferrari, VW cars use tungsten mined by terrorists

Bloomberg Markets is reporting that BMW, Volkswagen and Ferrari have been using tungsten ore sourced from Columbia's FARC rebel terrorists. The extensive story focuses on Columbia's illegal mining trade and calls into question the provenance of the rare ore that is used not only in crankshaft parts production, but is also found in the world's computing and telecommunications industry for use in screens.
The ore is mined by the FARC (Fuerzas Armadas Revolucionarias de Colombia, or Revolutionary Armed Forces of Colombia - People's Army), and exported to Pennsylvania, where it is refined. The refined ore is then sent over to Austria, where a company called Plansee turns it into a finished product. Now, it's important to note that we aren't talking about the world's supply of tungsten here. In 2012, Plansee's American refinery purchased 93.2 metric tons of tungsten, valued at $1.8 million. That's peanuts, with the entire Colombian tungsten mining industry producing just one percent of the world's supplies.
That doesn't make indirectly supporting FARC any more acceptable, though. BMW, VW and Ferrari are all committed to not accepting mineral supplies from the Democratic Republic of Congo, which is also in the grips of a guerrilla insurrection funded, in part, by illegal mining. The same commitment would figure to extend to Colombian mining, but as BMW points out, it's difficult for a multi-national manufacturer to know where every item in its supply chain comes from. A company spokesperson says as much, telling Bloomberg, "These few grams out of the billions of tons of raw materials passing through the BMW supply chain are of no practical relevance."