Ferrari SpA Chairman Luca Cordero di Montezemolo

Ferrari SpA Chairman Luca Cordero di Montezemolo

Alessia Pierdomenico/Bloomberg

Ferrari SpA Chairman Luca Cordero di Montezemolo told reporters today that the Italian supercar manufacturer owned by Fiat SpA, plans to reduce sales to fewer than 7,000 vehicles this year to “maintain the exclusivity” of the brand.