--
 
Renault's new Kadjar: Dare to live

Explore uncharted territory with the New Renault Kadjar. #DareToLive

Good debt vs bad debt: Get clued up!

A large percentage of South Africa is currently in debt and what is not always fully understood is that debt is not just debt.

Ferrari signs deal for new outrageous theme park

2016-03-18 11:19

ONE MORE THEME PARK: Ferrari has signed a deal for a new theme park to be built in China, probably one like this above outside Abu Dhabi in the UAE. Image: AFP / Ferrari World

  Video

Sebastian Vettel speaks on the upcoming 2016 Australian GP. As much as we love the Ferrari ace, is it just us or does Vettel seem uninterested in this clip?

Milan, Italy - Ferrari announced on Thursday that it had signed a memorandum of understanding with two Chinese companies to build a theme park in China.

The non-binding deal with Beijing Automotive and Biac Eternaland Property will, if implemented, see the two Chinese companies licensed to establish the park in a still-to-be-decided Chinese city.

The luxury sports car maker and F1 powerhouse already has a theme park on an island near Abu Dhabi and is in the process of constructing another one in Spain.

Luxury brand, luxury park

The parks are one of the ways in which the company is hoping to leverage its luxury brand to generate additional revenues.

The company's sales in China, which represent about 5% of its total worldwide, fell 22% in 2015.


Read more on:    ferrari  |  china

Inside Wheels24

How VW's Amarok helps abused victims in SA

Volkswagen's social test drive programme sees the automaker delivering much needed supplies and equipment to disadvantaged communities in South Africa.

There are new stories on the homepage. Click here to see them.