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The JN Automotive Group has bought the only Ferrari dealership in the state and will rename it Ferrari of Hawaii. The dealership and $6 million in pre-sold inventory was sold for an undisclosed sum as the second part of a business deal with TheoDavies Euromotors Ltd.
The transaction, which closed at the beginning of this month, was the second part of a deal between Joe Nicolai, president of the JN Automotive Group's parent Wholesale Motors Inc., and TheoDavies. In the first part of the deal,...