Compose a 750 words essay on (Macroeconomics) A company that did well during the recession. For example (Ferrari). Needs to be plagiarism free!
According to the Company Website, “Ferrari S.p.A. designs and manufactures sports cars that are synonymous with speed and performance. Ferrari sports cars are among the most prestigious automobiles in the world, along with Porsche, Maserati, Alfa Romeo, Jaguar, and Lamborghini. The name Ferrari is still venerated on the international racing circuit,
and many automotive experts regard the Ferrari GTO as one of the most exotic sports cars ever made. Only 35 Ferrari GTOs were built, and some of them have been sold as collectors items for more than $10 million. About 3,800 Ferraris are sold each year, at prices starting at $120,000 apiece. Ferrari S.p.A., which has been affiliated with Fiat S.p.A. since 1969, also owns the Maserati brand. About 20 percent of Ferraris and Maseratis are sold in North America, with the second largest market being Germany, at around 18 percent”.
The latest financial statements for Ferrari show that ,” On 2008 revenues of nearly 59 billion euros (12.9% higher than 2006), Fiat Group posted a trading profit of 3.2 billion euros, well ahead of previous guidance and nearly 66% higher than in 2006, with all major Sectors contributing to the improvement. Trading margin rose accordingly to 5.5% from 3.8% in 2006, with the Automobiles business more than Doubling trading profit to 1.1 billion euros, CNH at 1 billion euros (+34.3%. +46.7% in dollar terms) and Iveco at 0.8 billion euros (+48.9%)”. In the same report, it states that “Ferrari closed 2007 with a trading profit of 266 million euros, up 45.4% from 183 million euros in 2006. The improvement is mainly attributable to higher sales volumes and efficiency gains, offset in part by increased R&D expenses and unfavorable US dollar exchange rate. Trading margin was 15.9% in 2007 against 12.6% in 2006”.
The domestic environmental factors that the company face may be divided into the production volumes that the company sets itself targets for and the domestic market that it caters