Articles Tagged with "Ferrari"

Gasgoo.com (Shanghai April 11) - The recent decline in the ultra-luxury and sports car segments in China is forcing many manufacturers to modify their marketing strategies. Ferrari's Shanghai based sales company, Ferrari-Maserati Automobile International Trading Company, also known as Ferrari-Maserati China, abruptly terminated sales and after-sales cooperation agreements with two dealerships owned by the Shenzhen-based Jiahong Trading Development Company, Beijing Business Today reported today. Reports have also surfaced that Ferrari-Maserati China has broken similar agreements with two other dealerships. Many analysts believe that these reports are a sign that Ferrari-Maserati are looking to reduce its sales and marketing operations in the country, which is something the other 20 plus certified dealerships in China should be aware of.

Ferrari said on Monday Luca Cordero di Montezemolo has been reappointed as chairman and Amedeo Felisa as chief executive of the luxury Italian sports car maker.

Italy's Ferrari has mounted a turbocharged engine on its latest supercar for the first time in more than two decades, as even luxury automakers are forced to seek ways to cut emissions without sacrificing performance.