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Ferrari launching fully-owned Japanese subsidiaryby Drew Johnson
Ferrari has announced that it has setup Ferrari Japan KK, a fully-owned subsidiary, that will become the official importer of new Ferraris in Japan. Ferrari currently markets its vehicles in Japan through a partnership with Cornes & Company Ltd.
Ferrari Asia Pacific Division Headquarters will oversee all Ferrari Japan KK operations, which will begin on July 1st.
Ferrari has seen strong growth in Japan over the past few years, with 2007 sales increasing 38.7% over 2006.