Sportscar manufacturer Ferrari has released positive results for the first quarter of 2012, in which the company highlighted a significant increase in sales.

The firm reported a 31 per cent rise in sales in the UK, as well as a 24 per cent increase in Germany and a 16 per cent rise in the US – three of the company's key markets.

As a result, the firm's revenues were up by 13.2 per cent to €556.1 million (£445.6 million) and the total number of cars delivered by the brand grew by 11.5 per cent year-on-year to 1,733.

Ferrari chairman Luca di Montezemolo commented: "We have a complete new model range brimming with technological innovations and which deliver significant reductions in fuel consumption and emissions."

Earlier this year, the company announced the debut of its new California GDI V8 model at the Geneva Motor Show.

The California is Ferrari's newest luxury sports car and offers drivers blistering performance coupled with stunning good looks. It is capable of accelerating from zero to 62 mph in 3.8 seconds as a result of the 490 bhp and 505 Nm of torque generated by its V8 engine.

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Posted by Mark Thompson

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