Monday, January 21, 2008
Balverona eyes further expansion
Balverona, the largest shareholder in HR Owen, has grown its luxury brands down under and is preparing to bring Chinese cars to the Australian and New Zealand markets.
Through its subsidiary, European Automotive Imports, the Australian car retailer grew its domestic and New Zealand Maserati businesses year-on-year by 25 per cent and 50 per cent respectively - a record year for Maserati in both countries.
Like Maserati, Balverona’s Ferrari business has also seen substantial growth following the company’s takeover of the two brands in 2005.
DATED: 21.01.08
FEED: MT
