It was only a matter of time. You could already get fake Pradas, Guccis, and even Volvos. Now, you can get a fake Ferrari. Finally! ;)
One of the fake Ferraris was easy to detect because Ferrari had only produced six of the particular models. An organization in China produced a seventh.
The EU commission held a press conference to discuss planned crackdowns on counterfeit organizations.
Implications - Counterfeit organizations seem to exist in almost every organization, and while many people think of fake purses and jewelry when they think of counterfeit, the reality is that it is far more than that. This fake supercar from China is in serious trouble!
Chinese Make a Fake Ferrari
1. Fake Luxury Goods - The rise in counterfeit organizations is not limited to purses and jewelry, as seen with fake supercars like this Chinese Ferrari.
2. Crackdown on Counterfeits - Government and industry bodies are taking action to combat the production and sale of counterfeit products.
3. Limited Edition Authentication - By implementing stricter measures to authenticate limited edition products, manufacturers can deter counterfeiters and protect their brand reputation.
1. Luxury Goods - The luxury goods industry is at risk from counterfeit operations, requiring greater vigilance and anti-counterfeit efforts.
2. Automotive - Counterfeit supercars pose a threat to the automotive industry, calling for improved authentication methods and tighter regulations.
3. Intellectual Property Protection - Companies specializing in intellectual property protection and counterfeit detection have an opportunity to provide their services to businesses seeking to safeguard their products.