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Ferrari is a
name in the car
. It has a long history of
in motor sports. Its sports cars are a thing of luxury. The Italian company has entered the business of fashion. The 74-year-old
launched its own line of
at its factory in northern Italy. The company
stopped production of its cars to let models walk down a
on its factory
. Ferrari hopes its new clothes will allow it to diversify. A spokesperson told reporters that Ferrari's clothing
could make up 10 per cent of the company's profits within a
.