ZF English

Bazac returns to Ferrari with plans of European expansion

25.10.2009, 21:45 7

Ion Bazac, former Health Minister, put by the PSD (SocialDemocratic Party), in the first government led by Emil Boc, hasreturned to the helm of Forza Rossa, importer of Ferrari to theRomanian market, a company he now wishes to expand ontoWestern-European markets. "Forza Rossa still has room fordevelopment onto international markets. Us Romanians are competentenough to develop onto other markets that the local one. That iswhy we want to expand Forza Rossa onto Western European markets,"said the company's chairman. This year Forza Rossa will deliver 25Ferrari automobiles to the Romanian market, and 15 of the 25 to bedelivered next year are already booked, in the context where manycars worth hundreds of thousands of euros are returned to leasingcompanies by clients who can no longer pay their instalments. ForzaRossa will end this year with an around 8 million-euro turnover,one million euros of which generated by servicing operations.Company officials expect an over 10 million-euro turnover nextyear, following the opening of the Ferrari Store and the rise inservicing business.

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