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Ferrari Plans More Hybrids to Follow $1.34 Million LaFerrari

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Ferrari SpA plans to build more hybrid vehicles following the success of the 1 million-euro ($1.34 million) LaFerrari as the manufacturer works to attract environmentally conscious wealthy buyers.

“I don’t believe in the electric cars, but I strongly believe in hybrids,” Chairman Luca Cordero di Montezemolo said in a Bloomberg Television interview with Sara Eisen at the manufacturer’s headquarters in Maranello, Italy.