Italian police have busted a counterfeit ring that was manufacturing fake Ferrari Modena 360s. The authorities found seven completed vehicles, which were selling for about $30,000 each, a fraction of the price of the real thing. Police said people were buying the vehicles to impress undiscerning friends. Counterfeiters were building seven more fake Ferraris when the police pounced. Most of the cars were actually dressed-up Pontiacs.
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