TURIN (Reuters) - Italy's luxury carmaker Ferrari does not plan to move to the Netherlands, the company said on Friday, denying media reports in Italian dailies.
"Ferrari has been based in Maranello since 1947 and will remain there with its cars and its brand," the company said in a statement.
Ferrari's parent company Fiat
Italian daily Il Giornale reported on Friday the luxury carmaker would move its newly created merchandising company to the Netherlands or the UK.
(Reporting by Gianni Montani, editing by Francesca Landini)