Who currently owns Ferrari? FIAT Chrysler Automobiles (FCA) reorganized to create Ferrari N.V. as the holding company of the Ferrari Group, and then sold 10% of its shares and allocated the remaining 80% to FCA stockholders. Piero Ferrari held 10% of Ferrari and still does (son of Enzo).
In This Article...
Ferrari
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 (film). Enzo Ferrari is the name of the founder. Ferrari has other uses as well (disambiguation).
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). (15). 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.
The Ferrari Owners? The Sports Car Maker’s Journey to Going Public
Ferrari is an Italian luxury sports vehicle manufacturer and brand known for its prancing horse logo, Rossa Corsa (also known as “racing red”), and sex appeal. Ferrari is still involved in racing and is now a publicly traded company.
Enzo Ferrari, a businessman and race car driver, formed Ferrari in order to supply Alfa Romeo with race vehicles in Modena, Italy, in 1929. Alfa Romeo brought its racing division in-house in 1938, and Ferrari oversaw the new racing division for a brief period of time. When Enzo Ferrari departed Alfa Romeo in 1939, he established Auto Avio Costruzioni. Until Ferrari developed the Tipo 815 race car in 1940, the company made tools. Ferrari’s headquarters and production were transferred to Maranello a few years later, in 1943.
The first Ferrari-badged road car, the 125 S, wasn’t finished until 1947, when Enzo Ferrari began selling cars under his own name.
Ferrari: The Ownership Situation Currently
There was a time before Ferrari was classified as an independent public venture. Fiat was the brand’s largest shareholder and principal investor from 1969 to 2016. They often avoided interfering with the actual car-making process, though. Fiat Chrysler Automobiles sold 10% of its shares and distributed the remaining 80% among its shareholders as part of the business’ restructuring under the name Ferrari N.V.
The stock of the company looks like:
- 67.09% General
- Exor N.V., 22.91%
- 10.00% Ferrari, Piero
I understand why most people believe that Fiat still owns Ferrari; it’s a common misconception. Fiat has played a significant part in the development and growth of the brand for almost 50 years. Ferrari, however, is unquestionably a stand-alone company since more than 50% of the shares are traded publicly.
Who currently owns Ferrari (2016-present)
Since January 3rd of this year, the automaker has operated as an independent holding company known as Ferrari N.V.
The brand-new, distinct business was incorporated in the Netherlands and started trading on the NYSE under the symbol “RACE.”
A $9 billion value and a price-to-earnings ratio of 33 were used when Ferrari went public. 17,175,000 shares, or around 9% of the share capital, were offered in the FCA IPO. FCA sold the remaining 80% of its assets to its FCA stockholders.
Although its first four months of trading on the NYSE were chaotic, with prices falling 41%, it has since recovered quite successfully, with prices rising over 450% since it bottomed out in early 2016. This is a fantastic return for stockholders.
As you can see, there have been numerous ownership changes for the organization over the years. Given that Ferrari is no longer privately held and is a publicly traded company, you might also acquire a portion of the firm.
Where is the Ferrari manufacturing located?
It should come as no surprise that your new Ferrari is built in the same location every Ferrari has been made because Ferraris are known as much for their legacy as their power and elegance: Italy’s Maranello
Does Ford produce Ferrari?
No, to put it simply. Ferrari is not owned by Ford. However, it turns out that there is a very good reason why you could have believed they do. The New York Times claims that Ford actually made an attempt to buy Ferrari in the past. Sadly, the Ford-Ferrari merger didn’t go as well as the carmaker had intended.
Instead, according to The New York Times, Enzo Ferrari finally rejected Henry Ford II’s attempt to purchase Ferrari in 1963. Ford apparently felt embarrassed by the incident, which prompted Ford to put together a racing squad under the direction of Carroll Shelby, a former racer turned designer. At the 1966 French 24 Hours of Le Mans, the team was instructed to compete against Ferrari. If you’ve ever seen the movie “Ford v Ferrari,” there’s a good chance that you already have some knowledge of Ford’s propensity for getting back at Ferrari.
Fiat still owns Ferrari, right?
No, but Ferrari once held a significant share in Fiat. In 1969, Fiat S.p.A., also known as the Italian Automobile Factory of Turin, acquired a 50% stake in Ferrari.
Does Ferrari produce Maserati?
Ferrari eventually sold Fiat its stake in Maserati, and Ferrari will stop making Maserati engines in 2022. Maserati will then take care of production. One of its own engines, the Maserati Nettuno engine, has already been created and will make its premiere in the future Maserati MC20.
Ferrari produces its own engines, right?
The pinnacle of cutting-edge technology and research is found in Formula 1 engines. All Formula One cars must have 1.6-liter V6 turbocharged and hybrid electric engines. Check out the F1 engine’s workings as well.
The F1 engines are the pinnacle of modern technology and science and are the most important component of an F1 race car. In Formula One, constructors must design and build their own chassis, but other manufacturers may supply the engines. There are ten constructors at the moment. Ferrari, Honda, Mercedes, and Renault are the four engine producers that supply their products. Only Honda does not also participate in the constructor competition.
Since 2014, 1.6-liter V6 engines with turbocharging and hybrid electric technology have been required for all F1 engines. They have fuel flow limits and numerous energy recovery mechanisms. There is a lot of room for design experimentation despite the numerous restrictions limiting specifications, and the four engines each offer a different combination of performance, modes, and drivability.
Mercedes: The German team likely has the greatest product on the field and produces its own engines.
Ferrari: The company builds its own engines, just as Mercedes, a competitor.
Red Bull: Since 2019, Honda has been providing the Austrian team’s powerplant. Prior to a stretch of poor results, the Japanese manufacturer Renault supplied Red Bull with the engine and was crucial to their 4 consecutive championship victories.
McLaren: The seasoned Formula 1 team now has an engine agreement with Renault, but it will end after the 2019 season, and the British team will switch to Mercedes.
Renault: Another team on the grid that makes its own engines is the French team.
Racing Point: Racing Point has been a long-time user of Mercedes engines and intends to keep working with them in the years to come.
Alfa Romeo: The Swiss squad, which has a long-standing partnership with the F1 heavyweights, runs on a Ferrari engine.
Alpha Tauri: Another Red Bull squad, Alpha Tauri unofficially serves as a feeder team for the Austrian team and, like its bigger siblings, runs on Honda engines.
Haas: Since their 2016 Formula 1 debut, the lone American team on the grid has been a repeat customer of Ferrari.
How numerous Ferrari owners are there?
Many of those individuals have owned many Ferraris. Let’s assume that three is the average. Let’s assume that 400,000 or so people have owned one. Since there are around 8 billion people on the earth, there is a rough cut of 1 person in person in 20,000 has owned one
Who has the largest collection of Ferraris?
The Sultan Hassanal is not the only member of the royal family that enjoys automobiles. Six 456 GT Venice Ferrari station wagons were ordered by his brother, Prince Jefri. The collection also includes an F90, a 1995 FX (the Sultan requested six of these cars), two 250 GTOs, and an F40, among other notable Ferraris.
There are several, numerous more. actually too numerous to list. The world’s largest automobile collection is so extravagant and lavish that it makes people cringe. However, every vehicle enthusiast must take a moment to collect themselves before leaving this literal sea of luxury due to the collection’s sheer size, worth, and beauty.
Who is prohibited from buying a Ferrari?
Nobody can afford a Ferrari. One must not only be wealthy enough to purchase this luxury vehicle, but also adhere to the company’s code of ethics. Sadly, musician Justin Bieber was unaware that the owner of the car was prohibited by the code of ethics from repainting and auctioning it.
According to reports, the singer changed the color of the F458 from its original white to an electric blue shade, as well as the alloy wheels, any exposed bolts, and even the red prancing horse symbol on the steering wheel. The singer ultimately sold the vehicle at auction in 2017, breaking every rule the Italian brand had established.
According to rumors, Ferrari has since permanently blacklisted the artist. As a result, Bieber will never be able to buy a car from the company.
Additionally, according to an Italian magazine, Ferrari was not pleased with the singer’s treatment of his 2015 model.
After partying hard in Los Angeles, Bieber allegedly lost the car for weeks before his team finally found it in a parking lot a few days later.
Funny enough, Ferrari has not only blacklisted Justin Bieber as a celebrity. Singer now joins the group of famous people who are purportedly permanently prohibited from purchasing Ferraris, along with Chris Harris, an automotive writer, and rapper Tyga.
What is the price of a Ferrari?
For many of these cars, the retail pricing of a Ferrari are more of a starting point than an end point, although the starting prices of some of Ferrari’s most recent products are as follows: Retail price for a Ferrari 812 Superfast is $335,000. Retail cost for the Ferrari 812 GTS is $404,494. Retail Price for the Ferrari F8 Tributo: $270,530