The former holding company of FCA Italy is the subject of this article. Refer to Fiat Chrysler Automobiles for its replacement. See Fiat for the current automobile manufacturer.
The Italian holding firm Fiat S.p.A., also known as Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin), was followed by Fiat Chrysler Automobiles NV. Its original and primary activity were in the automotive sector. Numerous brands, including Ferrari, Maserati, Fiat, Alfa Romeo, the Chrysler Group, and many more, were part of the Fiat Group. Fiat S.p.A., the previous owner of the Fiat Group, was to be merged into the new holding company Fiat Chrysler Automobiles NV (FCA), domiciled in the Netherlands, by the end of 2014. This was announced on January 29th, 2014. Fiat Group now belongs to Fiat Chrysler Automobiles. Fiat S.p.A. obtained the necessary shareholder approval for the merger on August 1st, 2014. The merger went into effect on October 12, 2014.
A group of investors, including Giovanni Agnelli, formed Fiat in 1899. Fiat has produced aircraft, farm tractors, military vehicles, and railway engines and carriages during the course of its more than 100-year history. By volume of production, Fiat (together with Chrysler) was the second-largest carmaker in Europe in 2013 and ranked seventh globally, ahead of Honda, PSA Peugeot Citroen, Suzuki, Renault, and Daimler AG.
Fiat has bought a number of other automakers throughout the years, including Lancia in 1968, Ferrari in 1969, Alfa Romeo in 1986 when the Italian government relinquished ownership, Maserati in 1993, and Chrysler Group LLC in 2014. Abarth, Alfa Romeo, Chrysler, Dodge, Ferrari, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Ram Trucks, and SRT are among the twelve brands now produced by the Fiat Group.
Fiat had more than 100,000 employees in Italy in 1970, the year the nation’s vehicle production hit a record high of 1.4 million units. In 2002, six Fiat factories in Italy produced more than 1 million vehicles, and the nation was responsible for more than a third of the company’s sales.
Cars with the Fiat brand are produced in a number of countries worldwide. Brazil, where the Fiat brand dominates the market, is the country outside of Italy with the highest manufacturing rates. The company also has factories in Argentina, Poland, and Mexico (where Chrysler-owned plants make Fiat-brand vehicles for export to the United States, Brazil, Italy, and other markets), as well as a long history of granting licenses to other nations to manufacture its goods. Additionally, it has many international partnerships and joint ventures, with the biggest ones being in Serbia, France, Turkey, India, and China.
Gianni Agnelli, the grandson of founder Giovanni Agnelli, served as Fiat’s chairman from 1966 to 1996. From 1996 until his passing on January 24, 2003, he was the company’s honorary chairman. During this time, Cesare Romiti served as chairman. Paolo Fresco, who served as chairman, and Paolo Cantarella, who served as CEO, briefly succeeded him. The chairmanship was thereafter assumed by Umberto Agnelli from 2003 to 2004. After Umberto Agnelli passed away on May 28, 2004, Luca Cordero di Montezemolo was named chairman. Agnelli heir John Elkann, who is now 28 years old, was appointed vice chairman, and other family members are now board members. Sergio Marchionne succeeded Giuseppe Morchio as CEO on June 1st, 2004.
In This Article...
An overview of the Maserati ownership process
The Maserati brothers established Maserati in Bologna, Italy, in 1914. Maserati initially concentrated on producing prestigious race cars. Up until the Great Depression forced the Maserati brothers into financial collapse and forced them to sell the company in the middle of the 1930s, the brand’s career as a race car maker remained. A
From 1937 until it was finally acquired by Citroen in the late 1950s, the brand was owned by a number of different private parties. The Maserati brand switched from making race cars to producing premium sedans for the general public while it was owned by Citroen. A A
Later, a businessman and an Italian state-owned holding entity bought Maserati from Citroen. Chrysler had also acquired a small share in Maserati by the 1980s. A
Fiat acquired Maserati as its sole asset in 1993. By 1997, Ferrari, which was then also a part of Fiat, had acquired half of Maserati, which is ironic given that the two companies are now viewed as competitors. Maserati’s financial situation is said to have been stabilized by Ferrari; the two companies formally parted ways in 2005, with Maserati beginning to turn a profit in 2007. A
When Fiat acquired Chrysler in 2011, the ownership status of Maserati underwent yet another transition. Chrysler had been experiencing financial difficulties for years. The transaction resulted in the establishment of Fiat Chrysler Automobiles as a new company. Maserati’s new parent company, FCA, helped the Italian brand achieve record sales. A
Maserati changed ownership for the final time (so far) in 2021 when FCA combined with the French PSA Group to become the global conglomerate Stellantis.
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Maserati owns Ferrari, right?
In July 1997, Ferrari, Maserati’s longtime adversary, purchased a 50% stake in the business from FIAT. Maserati became Ferrari’s luxury subsidiary in 1999, when Ferrari fully assumed ownership. The old factory, which was constructed in the 1940s, was replaced with a new one.
The upgraded Quattroporte Evoluzione was unveiled at the Geneva Motor Show in March 1998 as a result of the new parent company’s actions.
When Maserati introduced the 3200 GT, a new era in the company’s history began. This two-door coupe is propelled by a Shamal-derived 3.2 L twin-turbocharged V8 engine with 370 horsepower.
When the 3200 GT was superseded by the Maserati Coupe and Spyder, which were developed from the 3200 and had an entirely new, naturally aspirated, dry sump 4.2-liter V8 with a transaxle transmission, the last ties to the di Tomaso era were severed. The GranTurismo and GranCabrio respectively took the role of the Coupe and Spyder.
In the meantime, two new models have been unveiled to the public: the MC12 road supersports and successful GT racer with a chassis and engine inspired by the Ferrari Enzo and the new Quattroporte, a luxurious saloon powered by the Gran Turismo’s 4.2-liter V8 engine. Maserati is currently back in business and successfully selling cars on a global scale.
Ferrari made the decision to replace all of the outdated tooling and install cutting-edge equipment in the Modena factory in 2001.
Since early 2002, Maserati has re-entered the US market, which has grown to be its biggest market globally. The business has also returned to the racing scene with their Trofeo and, in December 2003, the MC12 (previously known as the MCC), which was created in accordance with FIA GT regulations and has since competed in the world FIA GT championship with great success, taking home the teams championship three times in a row from 2005 to 2007. The MC12 has also competed in the American Le Mans series and several national GT championships. 50 street-legal homologation variants of the MC12 (roadsters and coupes), which is based on the Enzo Ferrari sports car, have been sold.
Fiat still owns Ferrari, right?
The bulk of Ferrari will be owned by the public by 2020, but if you find yourself wondering, “Doesn’t FIAT own Ferrari?” you’re not the only one.
How much of Ferrari is owned by FIAT?
The automaker is the subject of this essay. See List of Ferrari Road Cars for a list of the road models that Ferrari has made. Scuderia Ferrari is the name of the Formula One team. Ferrari, the 2003 biographical movie Enzo Ferrari is the name of the founder. Ferrari has other uses as well.
In 1969, Fiat S.p.A. purchased 50% of Ferrari, and in 1988, it increased its ownership to 90%. Fiat Chrysler Automobiles (FCA), which at the time of the announcement owned 90% of Ferrari, said in October 2014 that it intended to separate Ferrari S.p.A. from FCA. The reorganization that made Ferrari N.V. (a Dutch business) the new holding company of the Ferrari S.p.A. group and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange marked the beginning of the separation in October 2015. The remaining parts of the split involved distributing FCA’s investment in Ferrari’s business among FCA shareholders, with Piero Ferrari continuing to retain 10% of it. The spin-off was finished on January 3, 2016.
The business has garnered attention for its ongoing involvement in racing throughout its history, particularly in Formula One, where it is the oldest and most successful racing team, having won the most constructors’ championships (16), as well as the most drivers’ championships (48). Ferrari road vehicles are frequently regarded as a representation of riches, elegance, and speed. The 165,000 square meter (16.5 hectare) Maranello facility is where Ferrari automobiles are made. Ferrari was named the most powerful brand in the world in 2014 by Brand Finance. By market capitalization as of 2021, Ferrari ranks as the tenth-largest automaker at $52.21 billion.
Ferrari utilizing Fiat components?
Fiat and Ferrari, nevertheless, may be the one with the most peculiar circumstance. There are various reasons why fewer people are aware that the outstanding super car company is a part of Fiat.
Does Ferrari utilize a Fiat motor?
Less than three years before Fiat’s inevitable acquisition of Ferrari in 1969, the massive Turin automaker—at the time Europe’s largest—released the first of two wonderful Dino vehicles with the Fiat badge: the Bertone-designed Coupe and the more uncommon Pininfarina-bodied Spider.
These two Fiat Dinos, along with Ferrari’s then-new mid-engined Dino 206 GT two-seaters, were equipped with Ferrari’s new V6 engines, which were produced by Fiat and installed in these models in order to reach the production levels required by Ferrari in order to homologate the new V6 motor for Formula 2 competition use.
For the 1967 racing season, Formula 2 engines had to have no more than six cylinders, be derived from a road vehicle production motor, homologated in the GT class, and produced in at least 500 units over the course of a year.
Due to the fact that a small manufacturer like Ferrari lacked the production capacity to meet such quotas, a deal was made with Fiat to create the 500 V6 engines needed for a GT car.
Alfredo Ferrari, known as “Dino,” was Enzo Ferrari’s son who died in 1956 and is credited with coming up with the idea for Ferrari’s Formula 2 V6 racing engine’s odd 65-degree angle between the cylinder banks. Dino had been the name of Ferrari’s sports prototype racing vehicles with V6 engines since the late 1950s, in Alfredo’s memory.
Fiat built the original 2.0-liter and early 2.4-liter Dino models starting in 1966, but starting in December 1969, the Fiat Dino was built in Maranello alongside the 246 GT on Ferrari’s assembly line. 3,670 2.0-liter Fiat Dino Coupes and 1,163 2.0-liter Spiders were produced between 1966 and 1969. Only 420 of the later Fiat Dino Spider 2400 were produced, making it the most coveted and expensive Fiat Dino in existence today. Only 26% of the 7,803 Fiat Dinos manufactured were the fashionable Pininfarina Spider, while 74% were the Bertone Coupe.
Does Fiat Chrysler incorporate Ferrari?
Contrary to many comparable but independent businesses, Ferrari, owned by the Fiat Group, continues to thrive following the passing of its charismatic founder and is currently one of the most prosperous sports car manufacturers in the world. Ferrari formally severed ties with its former parent firm Fiat Chrysler Automobiles in January 2016.
Are Maserati and Ferrari engines identical?
Since 2001, a Ferrari engine has been installed in almost every pre-owned Maserati car. There aren’t many outliers, such the Maserati Quattroporte from 2013. All of the Maserati cars in the current 2021 lineup have Ferrari engines.