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.
In This Article...
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 owns Ferrari, and is Fiat still the company that owns it?
Although Ferrari is among the most recognizable trademarks in the world, its history is fascinating, and many people are frequently perplexed about the company’s beginnings.
Ferrari is a Maranello, Italy-based maker of sports cars and racing team. Enzo Ferrari founded it in 1947, and it now produces high-end sports cars with one, two, and four seats. After Enzo’s passing, his son Piero Ferrari received the remaining 10% of his father’s stock.
Is it then Italian, then? It’s not quite that simple, though, like many things in life. You see, there is a minor issue with the other 90%! Grab a coffee first since the detours are fascinating and the outcome will surprise you much!
Fiat still owns Ferrari, right?
Fiat increased its stake in Ferrari to 90% in 1988 (Enzo Ferrari held the remaining 10%), although it never had full control over the business. Until Fiat Chrysler Automobiles N.V. stated in 2014 that it would separate Ferrari S.p.A. from FCA, this agreement was in place.
What nation owns 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.
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.
Who is the Ferrari family?
The Agnelli family, proprietors of the iconic Italian sports cars Ferrari and Juventus, have acquired a 24 percent share in the French high-fashion company Christian Louboutin, known for its red-soled shoes.
The Agnelli family’s Exor holding business is making the 541 million euro ($642 million) investment, which will give them two out of the board’s seven members.
The statement pointed to China and added, “Exor’s drive to growing great companies makes it an appropriate partner for Christian Louboutin at a time when this established brand is set to grasp major new potential.”
More than 150 locations are operated by Louboutin across 30 nations, and the company plans to expand its online presence.
John Elkann, the CEO of Exor, claimed in the statement that he was “quite eager to collaborate in order to hasten the growth of this innovative company. We have a similar family-oriented culture and set of values, which forms the cornerstone of our successful collaboration.”
In 1991, Christian Louboutin founded his company in Paris. His classy women’s shoes soon gained a following, and then he introduced lines for men.
The Economist Group, Shang Xia, PartnerRe, Ferrari, Stellantis, CNH Industrial, GEDI Gruppo Editoriale, and Exor are some of the oldest and biggest holding businesses in Europe, with assets under management estimated to be worth $29 billion.
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 do Ferrari enthusiasts go by?
The term “Tifosi” is frequently used to describe Scuderia Ferrari fans in Formula One. Even while they have also been ardent followers of other Italian automobiles like Maserati, Lancia, and Alfa Romeo, Italian motor racing enthusiasts are best recognized for their adoration of Ferrari.
At the Italian Grand Prix, the Tifosi cover the grandstands with a sea of crimson, supplying Formula One. During Formula One weekends at every race circuit, a huge Ferrari flag is displayed in the grandstands, with particularly sizable contingents appearing in Ferrari livery at home and nearby European venues. This is one of the most common Tifosi sights. The San Marino race, which was held at the Autodromo Enzo e Dino Ferrari near the town of Imola, 80 kilometers (49.7 miles) east of the Ferrari plant in Maranello, had a similar sight in previous years.
It’s not unusual for the Tifosi in Italy to cheer for a foreign driver in a Ferrari overtaking an Italian driver in a different brand of vehicle to take the lead in a race. When Riccardo Patrese crashed his Brabham out of the lead six laps from the finish line during the 1983 San Marino Grand Prix, giving Frenchman Patrick Tambay the victory in his Ferrari, the Imola crowd roared heartily. Only a half-lap earlier, Patrese himself had overtaken Tambay to take the lead.
The ascent of Michael Schumacher, who raced for Ferrari from 1996 to 2006 and helped the team win the Constructors’ Championship from 1999 to 2004, is directly responsible for their recent rise in the rankings.
Frenchman Jean-Louis Schlesser is one driver who never actually competed for Ferrari but is backed by the Tifosi. He filled in for a sick Nigel Mansell when driving for the Williams squad at the 1988 Italian Grand Prix in Monza. The leading McLaren-Honda of Ayrton Senna was destroyed in an accident at the Variante del Rettifilo chicane on lap 49 of the 51-lap race, giving Ferrari’s Gerhard Berger and Michele Alboreto an emotional victory in the Italian Grand Prix just one month after Enzo Ferrari’s passing. McLaren suffered their lone loss during Berger’s victory during the 16-race 1988 season.
2019 saw Ferrari win in Monza for the first time since 2010, and Charles Leclerc’s victory was celebrated by a large group of tifosi who gathered at the winner’s podium. There is a love-hate connection between the tifosi and Mercedes, who have consistently won in Monza from the beginning of the turbo hybrid era through 2018. David Croft confirmed this during the podium celebration. The tifosi would boo the driver whenever a Mercedes finished on the podium or won the Italian Grand Prix.
What is the price of a Ferrari?
We’re not talking about the typical sports car production here; rather, we’re talking about a car company that can charge over $10,000 for a collector’s piece that looks just like the genuine thing and is meant to be displayed in your living room. Yes, Ferrari produces some of the most upscale custom and designer cars in the world. You can anticipate to pay a price that reflects the distinction attached to the name when searching to purchase one of these beauties. However, a few factors will have an impact on the typical cost of a Ferrari.
The cost of the most recent base Ferrari models ranges from the Portofino, which starts at $214,533, to the 812 Superfast, which starts at $315,000. Obviously, these numbers will increase based on the extra options that come with your new vehicle. The latest Ferrari model, the 488GTB, can accelerate from 0 to 60 mph in just 3 seconds (or even less with the 488 Pistalimited edition, which costs $350,000). A classic 2-seater with a base price of $256,550, the 488GTB can draw attention anywhere it roars its twin-turbo V-8 engine.