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Ferrari to expand hybrid line

Ferrari is planning to produce more hybrid sports cars to follow the €1m ($1.34m) LaFerrari, as the Italian manufacturer works to attract more wealthy buyers to the brand, Bloomberg has reported. "I don't believe in the electric cars, but I strongly believe in hybrids," Ferrari chairman, Luca Cordero di Montezemolo, told the news service. Ferrari, the most profitable division at Fiat Group, unveiled the LaFerrari sports car at the Geneva auto show in March.