Brazilian police have shut down a covert factory making knock-off Ferraris and Lamborghinis, following complaints from the two Italian automakers. Police arrested a
father and son duo who owned the workshop in Santa Catarina, about 840 miles southwest of Rio de Janeiro. The shop was offering the cars on social media for $45,000 to $60,000, which is far less than what the genuine exotic supercars cost. The least-expensive 2019 Ferrari model is the Portofino with a MSRP of $214,533 and the Lamborghini Urus has a base price $200,000. The sleek vehicles looked similar to the authentic ones and included badges and seats embroidered with the car companies’ logos.
State Bank of Pakistan building in this undated image. — SBP/FileKARACHI: The State Bank of Pakistan on Thursday...
The signing ceremony took place during the BYD Asia Pacific dealer conference event in Xi’an
The image shows a person in Pakistan receiving money from a person in Dubai. — Facebook/Bank AL Habib LimitedLAHORE:...
The MoU was signed by Omer Bin Tariq, country head of Onic Pakistan, and Imran Saleem, general manager ride hailing at...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices increased by Rs1,500 per tola on Thursday...
US flags hoisted outside the National Mall in Washington, DC. — AFP/FileWASHINGTON: The US economy grew faster than...