Ferrari profits rise as deliveries grow

Ferrari, which spun off this year from its mass-market parent Fiat Chrysler, said Tuesday net profit for the three months through June was 97 million euros ($108 million), from 76 million euros in 2015.

The group confirmed a 2016 outlook for shipments of around 8,000 units with operating profit above 800 million euros on more than 3 billion euros in revenues.