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View Full Version : Ferrari Set to Open Up Shop in Japan



Kevlar
02-27-2008, 12:10 PM
http://news.windingroad.com/wp-content/uploads/2008/02/ferrari_f430_scuderia_brand_spankin_new_image001.j pg (http://news.windingroad.com/car-buying/ferrari-set-to-open-up-shop-in-japan/)
Ferrari (http://news.windingroad.com/motorsports/schumacher-calls-new-ferrari-f2008-stronger-than-last-seasons-car/) has announced that it has established Ferrari Japan KK, which will import the brand into the land of the rising sun.
In 2007, Ferrari (http://news.windingroad.com/etc/chocolate-f1-goes-on-display-to-be-sacrificed-to-ferrari-gods/) shipped 376 cars to Japan, a 38.7 percent increase over 2006. Japan accounts for 5.8 percent of Ferraris (http://news.windingroad.com/auto-news/ferrari/ferraris-to-cross-subcontinent-on-magic-india-discovery/) shipped worldwide. The wholly-owned subsidiary, in partnership with Cornes & Company Ltd – who also sells Maserati, Bentley, and Rolls-Royce – Is the first in the Asia Pacific area, as it has a subsidiary in Asia via China. Ferrari will open Ferrari Japan KK on July 1 of this year.
(Press release after the jump)

PRESS RELEASE:

Ferrari Japan KK
Maranello, 22nd February 2008 - Ferrari decided to establish Ferrari Japan KK, a fully-owned subsidiary, that will become the official importer of new Ferraris, from 1st July 2008. With this decision Ferrari wants to strengthen its link to one of the most important markets for the Brand and for the whole luxury industry.
In 2007 Japan confirmed to be the first market in the Asia Pacific area with 376 cars delivered to the final customers, which represent a growth of 38,7% over 2006 and 5,8% of the total cars delivered to the final customers in the world.
Ferrari Japan KK will import Ferrari vehicles into the Japanese market under the supervision of the Ferrari Asia Pacific Division Headquarters, directly managed by Ferrari Asia Pacific CEO, Marco Mattiacci.
Ferrari Japan KK will continue its strong partnership with Cornes & Co.Ltd, M-Auto Ltd, and European Version Co. Ltd. on the retail side for the Japanese market.
Ferrari expresses its deep appreciation to Cornes & Company Ltd and the other affiliates for their outstanding contribution to successfully establishing the Ferrari culture in Japan over the past 30 years.


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