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The 963-hp hybrid is the fastest, most powerful and most expensive Ferrari model to date. It succeeds the Enzo. Ferrari did not disclose the price of LaFerrari, but sources said the pre-tax starting price for the car will be about 1 million euros.
PSA will close r&d site to reduce spending
Marchionne apologizes for 'wop engine' comment
Daimler may sell company-owned German dealerships to cut costs
Toyota overtakes BMW as most valuable global car brand
Former Saab CEO Jonsson, two other execs arrested on tax charges
