Responding to Brexit and difficulties with European shipping customs, GTO Parts, the components arm of the leading GTO Engineering Ferrari specialist, has established an Italian entity and will open a premises in Modena, Italy, this Spring.
Retaining its headquarters in the UK and its Los Angeles, USA base, GTO Engineering and GTO Parts will have a new outfit in Modena, Italy, a location synonymous with Ferrari and classic Italian cars. GTO Parts’ Modena base will be home to an array of off-the-shelf components sourced and manufactured by GTO Engineering, as well as a European base for inventory to be received and shipped from its customers and suppliers.
Aiming to reduce delivery waiting times and create complete transparency of shipping and duty costs for European clients to receive a range of original and OE-manufactured specialist components; GTO Parts’ Modena base officially opens in Spring 2022.
Mark Lyon, Founder and Managing Director of GTO Engineering said: “We’ve been wanting to open an Italian base for GTO Engineering and GTO Parts for a long time. Being Ferrari specialists and focusing on Ferrari and other Italian marques for parts, it is a natural progression for the company.
“We know that we [GTO Engineering and GTO Parts] are not alone with the frustrations of shipping, customs and duties for items sent from the UK to Europe post-Brexit. Our response has been to invest in a new base for our company to help reduce some of the hassle and confusion for our customers, and also to source parts from European sellers. We will now be able, with clarity, to confirm the exact duty to be paid and ensure only one set of VAT/taxes will be applicable, compared to our current predicament that duties are paid by European clients on receipt of items sent by us from the UK.”
Exact details of the Modena premises will be confirmed in Spring 2022, and released via gtopartsshop.com and gtoengineering.com. GTO Engineering and GTO Parts are already incorporated in Italy with the Italian authorities.