The Red Stallion’s Keepers: The Powerful Figures Behind Ferrari

Published on: 23 November 2023 Last Updated on: 04 September 2024

Ferrari is an Italian luxury sports car manufacturer and brand that is well-known for its prancing horse logo, Rossa Corsa (or “race red”) color, and sex appeal. Ferrari is still a maker of motorsports and is now a public-trade company.

Enzo Ferrari, a racer and businessman, established Scuderia Ferrari in 1929 in Modena, Italy, with the goal of supplying race cars to Alfa Romeo. Alfa Romeo internalized its racing division in 1938, and Ferrari oversaw the new division for a brief period of time.

After leaving Alfa Romeo in 1939, Enzo Ferrari established Auto Avio Costruzioni, a company that produced tools until 1940, when Ferrari introduced the Tipo 815, a race car. Ferrari relocated its factory and headquarters to Maranello in 1943, a few years later.

The first road car to bear the Ferrari badge, the 125 S hit in 1947. But Ferrari wasn’t an official automaker until Enzo Ferrari began selling vehicles under his own brand.

In this article, we will be getting to the bottom of who owns Ferrari at present. Here is all the information you need on the owners of Ferrari.

Early Days Of Ferrari

The current Prancing Horse got its start in 1939 when Enzo Ferrari founded Scuderia Ferrari, a racing team under Alfa Romeo. Following World War II, Enzo Ferrari went out on his own and started producing cars under the Ferrari brand. Production of the first Ferrari-badged vehicle began in 1947.

Up until 1960, Ferrari was a private holding business. Then, it went public in 1960 as Società Esercizio Fabbriche Automobili e Corse, or SEFAC S.p.A. Soon after, Fiat acquired a portion of the business and significantly raised its investment.

Does Fiat Own Ferrari?

No, but Fiat did once own a sizable portion of Ferrari. In 1969, Fiat S.p.A., also known as Fabbrica Automobili Torino, or the Italian Automobile Factory of Turin, acquired a 50% stake in Ferrari. Fiat never owned the entirety of Ferrari, even though it increased its stake to 90% in 1988 (Enzo Ferrari owned the remaining 10%). This was the arrangement until 2014, when Ferrari S.p.A. and FCA split apart by Fiat Chrysler Automobiles N.V. October 2015 marked the start of the official separation, which ended in January 2016.

Ferrari N.V. was formed as the Ferrari Group’s new holding company during this separation. FCA sold its ownership share, and the business was listed on the New York Stock Exchange. Piero Ferrari, the son of Enzo Ferrari, remained the owner of the 10% of the company’s shares that his father had previously owned.

Ferrari Shareholders: What Company Owns Ferrari?

Public (67.09%)
Exor N.V. (22.91%)
Piero Ferrari (10%)

The general investing public is Ferrari’s principal shareholder. Enzo Ferrari’s second son Piero also owns a sizable portion of the business, and Exor N.V. completes ownership. The owners of Exor N.V. are the descendants of Giovanni Agnelli, one of the original founders of Fiat.

Ferrari is still headquartered in Maranello. They take great pride in being one of Formula 1’s most enduring and successful competitors. They simultaneously hold the position of being a genuinely world-class automaker. Even with its fame, it is still a relatively boutique operation that only produces a small number of cars annually. This is reflected in Ferrari’s valuation, which places it among the top ten automakers in the world by market capitalization at more than $51 billion.

The Alfa Romeo Connection

Despite having a long history together, Ferrari does not own Alfa Romeo. Although Alfa Romeo is owned by Fiat Chrysler, Alfa Romeo and Ferrari were once one and the same.

After all, it was under the Alfa Romeo name that Enzo Ferrari initially established the Scuderia Ferrari racing team. Although Enzo Ferrari started competing for Alfa Romeo in 1920, he founded Scuderia Ferrari in 1929, which later became Alfa Romeo’s official racing team. But after leaving Alfra Romeo in 1939, Enzo founded his own independent racing team in 1948 and didn’t look back.

Ferrari: The Legendary Sports Car Phenomenon

Millionaire and passionate Ferrarista Robert Herjavec has described the experience cleverly. “This is where the Ferrari world is kind of like the Vatican. It’s very mysterious. There are a lot of trinkets you have to wear and a lot of rings you have to kiss.”

Owning a Ferrari, according to Hollywood and some urban legends, is either a cliché for midlife men or the height of kitsch, a sign of the nouveau riche who have too much money and too little taste. Owning a Ferrari is actually a very different animal from owning any other kind of vehicle.

Purchasing a Ferrari is not like purchasing a typical car. You don’t simply walk into a dealership with a wallet full of hundreds of thousands of dollars and walk out with one of the brand’s vehicles. Concerning a limited edition series, the situation usually becomes even trickier.

From the time you decide to buy a Ferrari to the point at which you have to decide whether to buy another one, Ferrari controls every aspect of ownership. In other words, to paraphrase Herjavec from a 2014 Wired interview, Ferrari chooses you, not the other way around. You typically consider yourself fortunate to be among the privileged few.

Enjoying the “epitome of motor technology today” (as Herjavec put it) is subject to a rigorous set of regulations. This has sparked numerous online debates and thought pieces. The fine print on the bill of sales and the controversy surrounding the introduction of limited edition cars largely hint at the precise nature of these regulations.

Owning A Ferrari: Trivia

As previously stated, no matter how full your wallet is with cash, you don’t just walk into a Ferrari dealership and expect to drive off in a brand-new car. You can forget about going into the dealership to purchase a limited-edition car.

While the majority of car dealerships will check your credit to see if you can afford the payments on the vehicle you’re about to purchase from them, Ferrari goes above and beyond that. It’s said that men over 40 who have a clean record and a good reputation are preferred. Because simply being wealthy does not qualify you to be seen behind the wheel of a Ferrari.

Wrapping Up

Even with ownership shifts over time, Ferraris are still manufactured in Maranello, Italy. Ferrari has never forgotten what sets its brand apart: superbly designed, finely engineered supercars.

If you have thoughts to share or questions to ask about who owns Ferrari, please leave a comment below. We would love to hear from you!

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How Car Leasing Works And What To Expect

Buying a car ensures access to the vehicle at all times, but not everyone can incorporate this hefty purchase into their financial plans. In that case, you always have the alternative to lease a car, meaning you’ll only have to pay for the time you drive it before returning it to the company when the lease’s terms end. Car leasing has gained popularity in recent years, with statistics showing that around one-fifth of new cars in America were leased in 2022. If you’re considering renting a vehicle for the first time, keep reading as we delve into everything you need to know about the process. What is Car Leasing? When you opt for vehicle leasing, you sign an agreement or similar documents with the car dealer or company to rent a car for the mentioned term (usually some years). You’ll have to return the vehicle as the term ends, and you can’t claim ownership over it. Most individuals pick leasing over buying a vehicle because they get to pay less cash out-of-pocket, gain peace of mind due to the maintenance coverage and manufacturer warranty, and secure monthly payments. Additionally, if you prefer enjoying the latest technology or driving the newest models, a car lease enables you not to be bound to only one vehicle or worry about selling it. Keep in mind that you have to stay below or at the mileage limit stated in your lease agreement; if you exceed it, you might be charged excess mileage penalties when you return the car. How Does it Work? If you wish to lease a car, there might be a requirement for you to sign the lease agreement outlining the conditions and terms of the lending arrangement. The lease agreement typically includes the monthly payments you’ll make, the duration of how long you’ll keep the car, and mileage limits. Any fees such as the acquisition fee, excess wear and use, disposition fee, applicable termination fees, and other end-of-term charges should also be specified. We recommend researching which car lease fees to avoid so you’re not subjected to extra charges at the end of your lease term. Look out for information regarding use, wear, and maintenance standards within the lease agreement and check whether your lessor provides the option to purchase the car once the term ends. You may be able to buy the vehicle, return it, or extend your lease, depending on your contract’s terms and conditions. Purchasing your leased vehicle can be influenced by several factors, such as your budget, the car’s performance, and the vehicle’s market value compared to the purchase option price. It is a good deal to consider If the purchase option price costs less or is equal to the market value. How Much Does it Cost? The cost of leasing a vehicle depends on how long you plan on leasing it and the type of car you want to rent. It’s common knowledge that the shorter the lease period and the more expensive the vehicle, the higher the monthly payment. In contrast, a longer lease period and a cheaper car will result in you paying reduced monthly payments. Rather than paying for the car’s entire value, leasing enables your monthly payments to cover the rent, taxes, and the vehicle’s depreciation over the lease term. As you don’t have to finance the purchase price, your payment will likely be much lower. Mistakes to Avoid When Leasing a Car In this section, we’ll explain some things to avoid during the car lease process: 1. Don’t Pay Too Much Up Front While car dealers advertise low monthly lease payments, you might need to pay several thousand dollars to cover a portion of the total lease in advance to meet the affordable payment term. If the car is stolen or wrecked within the first few months, your insurance company is responsible for reimbursing the car’s value to the leasing company. However, it is unlikely that your down payment will be reimbursed. Not only will you lose the car, but you will also experience a monetary loss. Depositing no more than $2,000 upfront is recommended for car leasing. In fact, it even makes sense to put nothing down and pay everything in the monthly lease payment if this arrangement works better for you. 2. Invest in Gap Insurance Gap insurance is the deduction from the car’s value of what you are left to owe on your lease. If you plan on leasing your car, purchasing gap insurance is in the best interest of yours. Suppose your contract enables you to buy the car for $15,000 at the lease’s end, but you damage it before the lease expires. In that case, your insurance company will pay the dealership the car’s current market value. With gap insurance, this difference is covered. Most leases include gap insurance, and the dealer might offer to sell you one, but you’ll likely find cheaper policy options with traditional insurance companies. This small investment is worth the cost and will sort you out if something goes wrong with the vehicle. 3. Don’t Lease the Car for Too Long Ensure your offered lease period is shorter than or matches the car’s warranty period. Different manufacturers offer different warranties, but most generally last up to 36,000 miles or three years. You’ll have to invest in an extended warranty if you decide to keep it for a longer period and to avoid paying for the ensuing repair and maintenance costs in addition to the monthly lease payments. Rather than leasing the vehicle for an extended period, buying the car is better as you might drive it for several years without having to fret over the monthly payments. List down the pros and cons of buying a car vs. leasing it in the long term, and pick the option that saves you more money in the long run. Endnote Leasing a car entails borrowing one rather than buying a new or used vehicle, including an in-depth deal with the leasing company or dealer. There are various factors to consider before you sign off on this long-term commitment, so do your homework, run the numbers, and shop around to depict whether leasing is right for you. As is the case with any financing transaction, a high credit score will help you secure a lower interest rate on your leased car. Read Also: 5 Different Types of Car Accident Claim Knowing Your Vehicle: 5 Maintenance Tips for Porsche Owners Used Cars In Tucson Offer You The Best Range Of Driving Options

7 Auto Lockout Solutions That Can Save Your Day

Many times, people forget their car keys inside and get locked out of their own car. As all the cars now come with a central locking system, it is almost impossible for owners to open their cars when they leave the key inside them. However, there are many things you can do if you get locked out of your car. The best way to open your car is to call an automotive locksmith, but this is not the only way. Let us explore all the ways to unlock your car in case you get locked out. Understanding Auto Lockout: A Brief Overview An auto lockout can happen at any moment. However, it is not a good situation to experience, especially during an emergency. It is a situation when you forget your key inside your car and lock yourself outside. One of the most obvious solutions to this is to get professional assistance. However, there are certain tips you can follow to save time. Moreover, you can also transform this frustrating situation into a manageable one. Thereby, you can save both time and money and reduce stress. Hence, to learn more, read the next sections of the article. Common Causes Of Auto Lockout If you want to prevent an auto lockout from happening, it is essential to learn the common causes that cause it. The following are the most frequent reasons why an auto lockout event happens: Forgetfulness:It is one of the most common causes of auto lockout. For instance, if you have a busy schedule, you might leave your keys behind. Hence, you must develop habits to reduce forgetfulness. Mechanism Failure:It is common for machine parts to be susceptible to wear and tear. Since the car is a machine, it can also face such problems. On the other hand, the lock system might be jammed or outdated. Faulty Key Fobs:Key fobs are important, especially in the age of technology. However, they can face malfunctions. For instance, battery problems or electronic issues might enable key fobs to react faultily. What To Do In Case Of An Auto Lockout? The following are some tips you can follow if you are in a situation of auto lockout: 1. Contact Your Car Company If you have the customer care number of your car company, you can call them to assist you in opening the lock. Even if you don’t have their customer service number, you can search it online on your phone and call them for assistance. They will tell you an alternative procedure to open your car or send a professional to assist you in unlocking it. Some car companies may send a professional to unlock your car as they have people who are experts in using alternative methods to offer solutions to their customers. 2. Look for the Spare Key Sometimes, car owners have a spare key with them that they don’t remember. Think about where you kept the spare keys. If you have one in your pocket, you can use it to open your car. Many people have a spare key at home. If you have a spare key at your home, you can call someone to get it for you if your home is not too far from the location where you get locked out. However, if you are far away from your home, you can call an automotive locksmith to open it for you. 3. Tow the Car to a Safe Place: If you have no option to unlock the car, you can tow the car to your home or a safe place. However, hiring a towing service can be more expensive than hiring a locksmith. Therefore, you should keep this as the last option if nothing else works. 4. Look Where You Have an Open Window Pane Sometimes, people prefer driving with open windowpanes. If a pane on the driving side is open, you can put your arm inside and take out the key to unlock the door. However, if all the windowpanes are closed, you cannot opt for this method. 5. Look for Roadside Assistance Some car insurance companies offer roadside assistance, but many don’t offer it in their policy. You can also search for roadside assistance online on your smartphone. Call one of the companies, and they will send a professional technician to unlock your car or help you to take it to a garage. If your insurance policy offers roadside assistance, you should save its information on your phone so that you can use it in such conditions. 6. Warranty Services Most car companies offer a warranty, and many of the warranties also cover the costs of a lockout. If your car warranty covers the same, you can use it for roadside assistance in case of a lockout. It can be a wise decision to use roadside assistance covered by your car warrant without the need to purchase redundant coverage. 7. Call an Automotive Locksmith The best way to unlock your locked car is to call an automotive locksmith for assistance. However, to use this method, you need to know about the best locksmith service in your area. If you have not left your phone inside the car, you can also search online for the best locksmith service and call it immediately from your phone. For example, Allcoast Locksmiths is a reputed company offering service on the Central Coast and Lake Macquarie, Australia. They have been offering locksmith services in these areas for over 15 years. If you need a locksmith service in any of these areas, this is a company you can rely upon. You can call them in an emergency auto lockout, home, or office lockout for assistance. Auto Lockout: The Best Solution These are some tips you can try during an automotive lockout. Following these ideas can get you out of the situation and make you drive your car again. It is best to know the best locksmith service in your area so that you can call them in such situations. Do you have some more suggestions on how to resolve an auto lockout situation? Please share your ideas and opinions in the comments section below. Read Also: Choosing the Right Anti-Theft Devices For Your Car In Houston TX 5 Tips to Safeguard Your Home From Intruders Should you Replace or Rekey Locks? — What Locksmith Richmond says Expert Advice: 5 Crucial Things to Do Immediately After an Automobile Accident

5 Benefits of Car Title Loans and One Important Warning

Benefits of car title loans include ease, speed, and lack of influence from your credit score to name a few. However, one must remember that ‘easy cash’ is never truly easy and treat this method of financing as an extreme case aid that it is. 5 Most Important Benefits of Car Title Loans : 1. A quick source of cash : The process of taking out a car title loan is so simple, you’ll have money on hand within a few hours. You won’t even need to collect any specialized paperwork to apply. The majority of lenders only require a simple form that you can complete in under 10 minutes. 2. Your credit score is irrelevant : Any car owner can get this type of loan as long as their vehicle is worth more than the loan amount and they have a source of income. Your credit score won’t even be asked when applying for auto title loans. 3. Your car stays with you : One of the most important benefits of car title loans is that you don’t have to give up your car after taking one. That’s why this financing method is so great as you won’t be deprived of an asset that you need to make money for repaying the debt. Note that you can even take out this loan in order to pay for car repairs. 4. Interest rates are lower than payday loans : The majority of payday loans and various cash advances that are often used as a quick source of cash have very ‘unfriendly’ terms. That’s because those financing options are extremely risky for the lender as they literally give you money for free. You can get some idea of how ‘not cheap;’ those loans are from the PEW Charitable Trusts statistics. Car title loans, on the other hand, have default collateral, which is your vehicle. This enables the lenders to cut down the interest rates and make the overall terms more favorable. 5. Flexible payback schemes : Paying off a car title loan will be easier than many other quick cash options because these plans are very flexible. Due to the collateral, lenders feel more secure and therefore are open to negotiations. You can definitely hope to get a long-term installment plan adjusted to your personal needs. One Warning About Auto Title Loans : First of all, you need to understand that this warning does not negate the benefits of car title loans in any way. Instead, like any warning, it’s here to remind you not to abuse the good thing that this financing offers. It’ might be easy to fall into the trap of ‘easy money’ illusion and take out a greater loan than you are able to handle. To prevent this, you should consider your reasons very carefully. Do you need cash badly? Is your situation an emergency? When will you be able to get the money needed to pay off the debt? Take out this loan only if your answer to the first two questions is ‘yes’. The last one is necessary to plan out the best payback scheme for your circumstances. Read More : Invest In A New Car, Without A Financial Liability How To Get An Auto Loan At A Low-Interest Rate How To Get A Loan On A Day With Bad Credit?

The Red Stallion’s Keepers: The Powerful Figures Behind Ferrari

Early Days Of Ferrari

Does Fiat Own Ferrari?

Ferrari Shareholders: What Company Owns Ferrari?

The Alfa Romeo Connection

Ferrari: The Legendary Sports Car Phenomenon

Owning A Ferrari: Trivia

Wrapping Up

Maximizing The Efficiency Of EV Charging Stations: Best Practices And Tips

Ram’s Power Brokers: Who Owns RAM?

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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How Car Leasing Works And What To Expect

7 Auto Lockout Solutions That Can Save Your Day

5 Benefits of Car Title Loans and One Important Warning

The Red Stallion’s Keepers: The Powerful Figures Behind Ferrari

Early Days Of Ferrari

Does Fiat Own Ferrari?

Ferrari Shareholders: What Company Owns Ferrari?

The Alfa Romeo Connection

Ferrari: The Legendary Sports Car Phenomenon

Owning A Ferrari: Trivia

Wrapping Up

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Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related