A couple of weeks back, the rumour started that Naza Italia was set to lose its import and distribution rights for Ferrari in Malaysia, and now, it has been confirmed that the brand will have a new distributor representing it here in the near future.
Having reached out to Ferrari Far East (FFE) on the matter earlier today, the company issued the following reply. “Ferrari S.p.A has announced the cessation of the business partnership between Ferrari S.p.A. and Naza Italia (Ferrari Malaysia) effective April 8, 2023. Naza Italia will continue to fulfill its responsibilities to customers for sales and aftersales activities until then,” a spokesperson for FFE said in the reply to paultan.org.
“During this handover period, Ferrari S.p.A. will establish a point of contact for sales and aftersales-related issues for our customers until we confirm our new partner,” the statement added.
“Acknowledging the contribution that Naza Italia has made towards the success of the brand in Malaysia, Ferrari explained this decision reflects its desire to renew the brand representation in the market. Ferrari is committed to Malaysia, and will continue to meet strong demand in the local market and closely engage with its customers there,” the statement concluded.
The company did not comment when asked who its new Malaysian partner would be, but a host of names (at last count, six) have been circulating about on the grapevine, many of them familiar to the scene. These include Sunway and two other Malaysian companies having a relationship with Ferrari through dealerships, albeit not in Malaysia – Sime Darby in Australia and Berjaya, through its H.R. Owen automotive retail arm in the UK.
The latter is rumoured to be one of the front runners, but another leading contender that has also been mentioned is Ital Auto, which has been the Ferrari importer in Singapore since 2009. Ital is part of the multi-franchise Komoco group owned by Singapore-based Malaysian billionaire Ong Beng Seng. Besides Ferrari, Komoco handles automotive brands such as Hyundai and Maserati in the republic.
Separately, it has also been revealed that Naza, which has held the Ferrari distribution in Malaysia since 2008, will continue to represent Maserati in the country. Aside from Maserati, the Naza group has Ducati (Next Bikes) and Suzuki (Naza Eastern Motors) as its remaining automotive brands.
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Naza, everything they touch turns into ash, automotive, F&B, you name it.
You r damn right.
Born with a silver spoon,these Naza dudes thot they r highflying..but reality is..they r bunch of overgungho,overhyped failures.
How many bumiputra companies have dreamt of becoming KIA,Peugeot,Ferari distributors if given the chance.
The dead tycoon handsomely handed over to them a huge automotive empire,only sadly n slowly disintegrated into crumbs.
Chance to succeed,may come only once.Once gone,it is gone.
Apa lagi depa mau. Harapkan tongkat, patah takleh jalan
Well what do we expect just another crony given free AP by the x-government with almost full monopoly while the original owners at least get a chance to work together with the government to implement things now the kids just take it easy spend parents money guess that’s why so many cronies wants a piece of Malaysian contract.
Noone is untouchable
NAZA was doing quite well with their luxury marques due to that it became valuable dowry for their son to marry Vince Tan daughter
indeed the saying of wealth doesn’t passes three generations
habis la… keuntungan turn secara mendadak untuk 2023.
father in law mr vincent tan take over lah confirm
You cry baby! They made enough money la.
Next in line that should get ‘annihilated’
Bermaz auto
TCM
Congratulation to Ferrari.
Its more lucrative to sell AP then selling cars. No need capital. Thats why madani must abolished. It makes cars more expensive to consumers.
Curious to know why keep changing. Kenot meeet Ferrari SpA’s insane sales target is it?
F1 champion is Honda now lah, Ferrari has been in history with Michael Schumacher for long time now. Gone with the winds.
Honda City is better than Ferrari.
Ferrari has long gone fame with the wind history, F1 champion now are Honda. Honda NSX is better.
Their showroom staff treat potential customers with disdain if they don’t dress like they have money, when they actually do.
Ferrari needs EV supercars to be more competitive in the industry. Currently people not paying huge sums of money for something becoming obsolete soon.