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Italy sells Jaguars, Maseratis on eBay to cut costs

28
Mar
2014

By Naomi O’Leary ROME (Reuters) – Italy’s government is selling off scores of official cars including Jaguars and Maseratis, on online auction site eBay, as it strives to show it is responding to public pressure to cut spending and the privileges of the powerful. A total of 151 vehicles, including 40 BMWs, are up for sale – a fraction of a 60,000-strong fleet owned by Italy’s public bodies that the state estimates costs more than 1 billion euros ($1.37 billion) a year to run. The auction is unlikely to make a dent in Italy’s 2 trillion euro debt. But it is widely seen as a highly visible and symbolic move by new Prime Minister Matteo Renzi.

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