Does Fiat Own Ferrari?

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.


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.

An independent Ferrari in phase eight

The goal was to create a totally independent business that was not under Fiat’s supervision. Ferrari N.V., a new business founded by FCA, was organized as a holding company.

Piero Ferrari continued to control 10% of the new company when ownership was transferred to it. FCA issued 10% of its shares in an IPO at the same time on the New York Stock Exchange.

Ferrari became a separate corporation after the division was fully completed. All of this was finished by January 3, 2016.

Since that time, FCA’s ownership of the company’s shares has decreased from the remaining 80% to just 22.91%. The remainder was offered for public purchase on the New York Stock Exchange.

Since 2016, Fiat has been an independent business and no longer owns Ferrari. The ownership was reorganized under the Ferrari NV holding company, with Piero Ferrari owning 10% of the stock. 22.91% of the shares are owned by Fiat Chrysler Automobiles, with 67.09% of those shares being publicly traded on the NYSE.

The 90:10 Years of Owning Fiat

Ferrari was already regarded as the legendary sports car maker it is today when Enzo died in 1988. The legendary F40 was the final car that “Enzo approved.”

Fiat increased their investments in the company when Enzo left the scene. They acquired a further 40% of the company, giving them a total ownership stake of 90%. The remainder of 10% was given to Piero, Enzo’s second son.

The business produced numerous stunning automobiles during this time, including the F50 and the F355 Berlinetta.

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.

What connection do Fiat and Ferrari have?

In 1969, Fiat S.p.A., also known as the Italian Automobile Factory of Turin (Fabbrica Automobili Torino), acquired a 50% stake in Ferrari. Fiat increased its stake in Ferrari to 90% in 1988 (with Enzo Ferrari controlling the remaining 10%), although it never had full control over the business.

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.

As to why Ferrari sold to Fiat,

Ferrari delivered 729 million Euros (or roughly $928 million) in revenue during the second quarter of this year, and the company earned 105 million Euros (or about $133 million) before interest and taxes, according to Sullivan. Not bad for sales in 1900.

“Without a doubt, Ferrari is the jewel in the Agnelli empire’s [the founding family of Fiat] crown. Ferrari is more than just a car maker. It has a brand, too. You can buy things like clothing and baggage. It represents the apex of F1. With the most valuable component of FCA being spun off, its valuation is now up for debate “Sally informed us.

“However, this is what makes the most sense if you need to raise money to pay for the overhaul of an Alfa Romeo and you’re dead serious about it. The value of Tesla shares is not to be taken lightly, and Fiat Chrysler would undoubtedly want to share in that success.”

Sergio Marchionne, CEO of FCA, stated in today’s news release announcing the sale that taking a different course for Ferrari was required “to secure the 2014-2018 Business Plan and work toward maximizing the value of our businesses to our shareholders.” According to Sullivan, selling off Ferrari was possibly FCA’s only option given Marchionne’s claim that he didn’t need to borrow any money for this business plan.

Which sources did Montezemolo leave Ferrari in a huff this month? Which sources mentioned the purported pressure to increase production as the cause? Sullivan responds, “I assume that was all a wonderful story.” I’d wager that he was informed that the company will be spun off and that he didn’t want to be a part of it.

It does make me wonder who will be in charge of the business in a year, he said. “It won’t be simple or affordable for Ferrari to increase capacity. Another shift will be shareholders yelling at management.” The intention of Fiat Chrysler is to distribute the remaining Ferrari shares to current FCA shareholders after offering 10% of Ferrari shares on the American and/or European markets.

The company Ferrari has undergone significant transformations before. In spite of his insistence on limiting output to 7,000 vehicles annually, Montezemolo, who took over as president of Ferrari in 1991 during the company’s darkest hours following the death of founder Enzo Ferrari in 1988, assisted in turning the road car business viable. He oversaw the company as it expanded from a modest, isolated factory in Maranello to a global luxury brand that includes, among other things, Ferrari’s amusement complex in Abu Dhabi, dubbed “the world’s largest indoor theme park.”

You’ll soon be able to add a Ferrari-branded stock certificate to your assortment of hats, shirts, jackets, gloves, bags, keychains, laptops, and other Ferrari-branded items.

Who is the owner of Ferrari?

On January 3, 2016, the spinoff was fully completed, making Ferrari a stand-alone, publicly traded business. Exor NV, a business owned by ancestors of Giovanni Agnelli, a founding father of Fiat, is currently the only stakeholder of Ferrari. Piero Ferrari is still holding onto his 10% ownership. Marchionne served as CEO and chairman until his passing in July 2018.

The automaker’s headquarters are still in Maranello, Italy. Being a part of the sport ever since the modern era of Formula 1 began in 1950, it takes great satisfaction in being the oldest and one of the most successful racing teams in the sport’s history.

Which businesses does Fiat own?

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.