Thursday, August 14, 2008

Ferrari not renewing all European dealer's contracts!


In a move that surprises the entire industry, Ferrari announced today it has cancelled all it's European dealer's contracts, effective from June 10th 2010 onwards, Ferrari justified the move by claiming that they will be restructuring and re-classifying it's dealers into A, B class outlets.

Perhaps Ferraris had become such a success that it wants all the profits for itself?