Ferrari To Idle Engine Plants, Lay Off Workers

Ferrari To Idle Engine Plants, Lay Off Workers

Ferrari might be opening a theme park this fall, but there’s already trouble brewing in the automotive world’s Magic Kingdom as the Italian automaker takes steps to idle one of their engine plants and lay off 600 workers after demand for Ferrari engines utilized by sister brand Maserati has fallen.

According to a Bloomberg report, the company intended to make 20,000 vehicles this year, but has reduced targets to 11,000, however Ferrari spokesman Stefano Lai refuted these claims to Bloomberg and said that 6,000 vehicles would be produced.

In an email statement, the company cited the economy as one factor in the layoffs, stating “Ferrari has to respond to market demands that rise and fall in an ever less-predictable fashion.

[Source: Autoblog]