You’re Fired: Ferrari Cancels All European Dealer Contracts!

Now here’s a move that no one was expecting; according to a report from German newspaper Automobilwoche, Ferrari has canceled the contracts of all its European dealers. Despite the fact that some dealers like Ferrari Austria are confident that their contracts will be renewed, most believe that this is the end of the road for them.

The Italian firm justified the cancellations, which are effective from June 30, 2010, by saying that it was a necessary move to streamline the information flow between the company and dealers. Automobilwoche sources suggest that Ferrari went ahead with the cancelations to restructure its network into the so-called, A- and B-class outlets.