Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

Pssst! Want to buy a fake Ferrari?



28 February 2008 @ 09:31 pm ET

ROME - Italians are used to buying bogus Gucci bags or Rolex watches to look stylish but police found a new height of craftsmanship and cunning when they broke up a ring selling fake Ferrari cars for a fraction of the real price.


The interior a fake Ferrari car
The interior a fake Ferrari car confiscated in Sicily, south of Italy, is seen in this handout photo released by the police on February 28, 2008. Police accused 15 people of building the blood red sports cars and selling them to car fanatics on a budget, most of whom knew they were buying a counterfeit classic. REUTERS/Italian Finance Police/Handout (Reuters Photo / Italian Finance Police)
1 of 2

Related Topic

Get stories by e-mail on this topic.

  • Ferrari | RSS
E-mail:

Police accused 15 people of building the blood red sports cars and selling them to car fanatics on a budget, most of whom knew they were buying a counterfeit classic.

Car body workers who police called "very able" cobbled together mostly fake parts and a few original components. They used body parts from other makes of automobiles, such as chassis, roofs, hoods, trunks and doors.

The body parts were modified to look like Ferrari classics such as the 328 Gtb, which went out of production in the late 1980s.

Some of the cars sold for about 20,000 euros, about a tenth of the going price for some versions.

Police confiscated 21 cars, 14 of which had already been sold, and seven in production in Sicilian garages. (Reporting by Vladimir Pantaleone; Writing by Philip Pullella; Editing by Ibon Villelabeitia)

Copyright 2009 Thomson Reuters. All rights reserved.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Industries
The risk of strike action at Dutch mail company TNT NV grew on Monday after members of its two largest unions rejected proposals that included a pay cut ...
Hitachi Ltd is expected to sign a high-speed railway project deal in the UK worth more than 500 billion yen ($5.62 billion), as the electronics conglomer...
General Motors expects its China sales growth to drop dramatically in 2010 as the carmaker nears the end of a year of government stimulus-fueled growth i...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives