KUALA LUMPUR, March 8 (Bernama) -- Naza Automotive Group (Naza) is ending its partnership with Ferrari SpA due to the non-alignment of the Italian luxury car maker’s expectations to Naza’s strategy.
In a statement today, Naza said that the parting of ways with Ferrari is timely.
“It will enable us to focus on our other brands and serves it well as we will be able to reallocate resources to brands that fit into our automotive business strategy.
“We will continue to provide support to Ferrari for a smooth transition of business, towards April 2023,” said Naza, which has been the official distributor of the Ferrari brand.
Naza also expressed its appreciation to Ferrari for the long-standing business relationship and wished the Ferrari brand continued success for the future.
-- BERNAMA
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