Ferrari will expand its line-up of road cars, but not too much Aug 19, 2019 0 285 12345 ReutersCaliforniaItalian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.Elkann also reiterated that Fiat Chrysler Automobiles NV, of which he is chairman, remains open to opportunities to combine with other automakers, but is positioned to remain independent. Fiat Chrysler in May proposed a merger with French automaker Renault SA, but the deal fell apart after the French government intervened and Elkann withdrew the proposed merger. Fiat Chrysler Chief Executive Mike Manley sent the same message to Renault and other would-be partners earlier this month. Elkann visited Pebble Beach during the annual Concours d’Elegance, during which wealthy collectors bring some of the world’s rarest vintage automobiles to be admired — and sold — and premium manufacturers showcase exotic new models.Ferrari is best known for flashy, high performance sports cars. Among fans of vintage Ferraris, more understated GT, or grand touring, cars from the 1960s, some with seating for four people, are among the most popular models on auction blocks and at enthusiast events. GT cars were designed to be comfortable on longer road trips.Elkann hinted Ferrari will unveil a new GT type car in November. Ferrari has said previously that about 40% of its total sales could come from GT cars by 2022, up from 32% now.Ferrari has outlined plans to expand revenue to 5 billion euros ($5.54 billion) by 2022 from 3.4 billion euros in 2017. The company has said it plans to add a model called the Purosangue to compete with a growing stable of sport utility vehicles wearing premium sports car brands. Pages 12 POST A COMMENT RELATED ARTICLES White House says no recession in sight, pushes China trade talks Aug 19, 2019 0 249 QSE sees biggest daily gain in almost 2 months Aug 19, 2019 0 331 JV with SeaDrill helps GIS maintain its bullish outlook Aug 19, 2019 0 157 Germany has fiscal muscle to counter next crisis: Scholz Berlin: Germany has the fiscal strength to counter any future economic crisis “with full force”, Finance Minister Olaf Scholz said on Sunday, suggesting Berlin could make available up to 50 billion euros ($55 billion) .. Argentine economy minister resigns amid spiralling crisis Buenos Aires: Argentina’s Economy Minister Nicolas Dujovne resigned Saturday after a week of economic tumult caused by President Mauricio Macri’s defeat in a primary poll ahead of a general election. Dujovne will be ..