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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5 Signs Your Car Needs a Tune Up

Owning a car is like being the parent of a small child when it comes to maintenance. There may be something going on, but the child is not able to tell us. Like babies, cars don't speak English. We know toddlers can upchuck some pretty uncommon-looking stuff. Then, words are no longer necessary. And, your vehicle can cough up troubles from its insides, too. Warning lights, sputtering, and sticky shifting may tell us there's a problem. And, there are other signs such as uneven tire wear. This may mean suspension problems, according to Mick's Automotive experts. Cars and SUV's need more maintenance than ever. This is thanks to modern electronics and computers. So, a basic tune-up evolves with each new model. But, the signs your car needs a tune-up does not require a software engineer. We learn with time what our kids, and our cars, need. Learning to recognize symptoms that you need a mechanic is easier than most people think. Here's when it's time to get a tune-up for your car: It Doesn't Want to Start : On icy mornings, both you and your car can be slow to get going. But, if your car is doing the same on warm mornings or after warming up on a cold day, there is a problem. It may need a few adjustments. Slow starts could signal a fuel line issue or a simple battery replacement. Of course, on the other end of the spectrum may be a new starter. But, none of these problems will go away. At some point, it won't start at all. And, you will likely kick yourself (as you are stranded) if a simple tune-up is an answer. It Stalls Out at Stops : Stalls are not only annoying but can be dangerous. Pooping out in the middle of an intersection is never good. You're a sitting duck. You'll be lucky if anyone will stop to push you to safety. Merging into moving traffic, then stalling, can leave you vulnerable, too. Loss of power is a sign your car is not getting adequate fuel or oxygen. Or both. One of the most obvious signs of needing a tune-up on your car is when it stops too often. Powerlessness could signal it needs a new air filter, fuel line cleaning, or spark plugs. If your car loses power for too long, you'll pay a hefty price. Not just for repairs, but your fuel efficiency is tanking, also. In this case, a thorough tune-up starts paying you back right away. There's a High-Pitched Squeal From Under the Hood : Both annoying and embarrassing, the piercing noise may have a few causes. When you get a tune-up, the mechanic will check belts, hoses, and fluids. If your last checks were a while back, your car is going to continue to screech at you until you bring it in. The culprit may be low steering fluid or a belt that is past its end date. If the noise is present as you drive, it may be a tire needing balancing. All these are easy fixes. A more complicated problem may be the CV joint objecting as it wears out. Either way, there's no louder sign of when to get a tune-up for your car. Gas Mileage Has Gone Way Down : Frequent fill-ups may not be the clearest sign your car needs help. But, if your mileage has gone way below average, there is something wrong. If you have a teenager at home, check for late-night joy rides. If not, then have a mechanic do a routine tune-up and check for more severe problems. Keep in mind that a stuck brake pad may be the issue. Or, low tire pressure. If the abnormal mileage is a sudden occurrence, it is likely something simple. It Hesitates When Passing Other Cars : No acceleration when you need it can be yet another dangerous problem. If you attempt to pass and your car can't, other drivers get angry, too. You will get more than a hard stare in some cases. And, there may be a few different reasons. If it is an issue of power, then your car is telling you something is missing. It is likely a lack of fuel, oxygen, or electrical energy. With regular tune-ups, this should not happen. The other issue may well be the transmission. If you find your car does not have a smooth shift or hesitates before going into high gear, something's wrong. As your car's engine needs a regular check, so do transmissions. There are components like fluid, screens, and filters. Any of these may need attention. The longer you wait, the more parts (and cash) you may need. Read the Owner's Manual for Signs Your Car Needs a Tune-Up : If you don't have your owner's manual, get one. This book is the best guide for telling what parts need upgrades and when. Newer models do not need a tune-up until they reach 100,000 miles. Older models need one more often. And, for significant work to keep a transmission at its best, the manual offers a timeline. We all know people whose car has a couple of hundred thousand miles on it, and it runs like a top. Chances are their maintenance records, and owner's manual is as clean as their engine. Looking For More Information? We have great stuff on everything from signs your car needs a tune-up to health and fitness. Check out our blog for more information that makes your life easier. Have an idea or input on a blog? Contact us here. We love hearing from our readers! Read Also : Why The Vauxhall Insignia Should Be Your Next Car Choosing The Right Anti-Theft Devices For Your Car In Houston TX 5 Benefits Of Car Title Loans And One Important Warning

How Do Self-Driving Cars Really Compare To Human Drivers

Although a lot of comparisons have been made between self-driving vehicles and human drivers, not all of those comparisons have been fair or accurate. One study found that distracted driving accounted for approximately 4 million accidents each year. That is almost half of the 11 million crashes that take place on an annual basis. Unfortunately, the problem only seems to be getting worse as distractions like texting become more and more common. Researchers recently analyzed a group of 28 studies, comparing the data. According to their findings, texting or looking at a phone while driving can have numerous adverse effects, ranging from limiting the ability of the driver to detect stimuli, to decreasing reaction times, causing a loss of control over the vehicle, and increasing the rate of collisions. Based on this information, some researchers even believe that texting while driving is more dangerous than operating a vehicle at the legal limit for alcohol or while under the influence of marijuana. The problem isn't only limited to teenagers. Older adults are every bit as likely to be guilty of texting while driving. They are also far more likely to talk on their phones while driving. One of the primary arguments used by proponents of self-driving cars is that they eliminate distracted driving. This, in turn, could possibly decrease the number of crashes, limiting the number of deaths and injuries that occur on an annual basis. In actuality, however, comparisons between self-driving vehicles in human drivers don't necessarily bear that out. According to studies, over 90% of the automobile accidents that occur in the United States are caused by driver error. In theory, stopping these accidents could reduce the new for the Trevino Law Firm in Corpus Christi, but also, save the lives of the same number of people as were killed in Vietnam within just two years of the technology being introduced. As someone who researches human factors, I don't find that information adequate for evaluating whether or not automated vehicles would be better at avoiding crashes than humans. The only way to tell for sure is by evaluating how many times drivers avoid collisions. What are the actual odds of getting in a collision for a human driver? Of course, this is extremely hard to measure. For instance, say that you were trying to determine how many times you avoided bumping into people in the hall. To figure that out, you need to not only look at the amount of time that you spent walking down the hallway but also the number of people that were present. When a non-event occurs, it is usually overlooked or easily forgotten. However, to make a fair comparison between self-driving vehicles and human drivers, researchers need to gather statistics about the number of non-collisions that occur in both situations. Comparing Statistics Equally Accident statistics relating to human drivers are drawn from a number of different driving conditions. For instance, some statistics come from people driving when it is raining out while others come from people driving on dirt roads. The bulk of the data on self-driving vehicles, on the other hand, has been gathered from states in the western part of the country. Typically, these cars are only analyzed when the weather is good. The data itself is primarily recorded when the vehicles are driving on highways with multiple lanes in a single direction. In these types of situations, the primary tasks that the car has to accomplish include staying in its own lane and avoiding tailgating the vehicle in front of it. These types of tasks are relatively easy for automated vehicles. Of course, humans are also quite good at accomplishing these tasks. Until more data is gathered from other parts of the country and on different types of roads, however, it is difficult to make a fair comparison. In fact, it will most likely be a long time before a self-driving vehicle has the opportunity to drive as many miles on an annual basis as a typical human driver. One of the advantages of automated vehicles is that they don't succumb to human problems such as tiredness, anger, or drunkenness. At the same time, however, they lack the reasoning skills to deal with unexpected or confusing situations. They also can't really anticipate potentially dangerous situations that may be coming further down the road as a human driver could. Instead, they operate at the moment. Automated systems have a hard time distinguishing between different types of objects. A group of people waiting at a bus stop might look almost the same as an empty cornfield. If a vehicle is facing an emergency situation, most drivers take the course of action that will minimize damage to both themselves and the people around them. A self-driving vehicle doesn't have the ability to analyze the situation and decide on the best course of action. Instead, they only react in one way, which may not necessarily be the best way. Technological Advancements Create Fresh Complications Most people are on board with the idea of pursuing driverless technology, simply because there is the potential for it to reduce the number of accidents that occur. It would be amazing if these vehicles were able to stop car accidents altogether, eliminating deaths and injuries on the road. Of course, some people love getting behind the wheel and driving their vehicles. In that case, they may feel disappointed not to be able to drive their car. Of course, the new technology doesn't always result in better outcomes. All that you have to do is look at the aviation industry for examples. When new technology is introduced, the number of negative events usually increases temporarily. This may discourage people from fully embracing self-driving technology if this also occurs with automated vehicles. When comparing human drivers and self-driving vehicles, it is important to use caution. It is going to be a long time before all of the cars on the road are replaced by automated vehicles. In the meantime, self-driving cars and human drivers will have to interact with one another. How this will play out remains to be seen. If you want to honestly compare driverless technology and human drivers, you need to make sure that those comparisons are being made accurately and under the same circumstances. Comparing two different sets of data from different driving conditions won't give an accurate picture of how the technology performs in comparison to traditional vehicles. As with any major technological shift, it is important to proceed slowly and to use caution to avoid unexpected problems along the way.

Which Type Of Forklift Your Industry Need: Have A Look At Them!

If your construction industry or storage facility requires moving heavy loads and equipment, you need useful equipment, and forklifts can be the one. Let us begin with the most standard question of them all what is a forklift? Forklifts are powerful machines that are used to carry heavy loads, equipment, and other things from one place to another. The builders in large industries and warehouses use forklifts to lift heavy objects. You can call them the staples of industries as they do every task that human employees cannot do. Type Of Forklift Your Industry Need The following are the most used types of forklifts: Standard Forklift: You cannot compete with the classic version of any equipment and forklifts are no exception. They are heavy loading machines that come with a simple design but have the capacity for heavy loads. These machines look like a small golf truck featuring twin forks in the front and a ladder behind. Besides, they can be used for lifting and placing materials and other paddles. Further, classic models come with various versions and different usage. There are some, which need manual processing, while others depend on electricity for the power source. Electrical Forklifts: Some Of The Most Common Electrical Forklifts Are: Electric Motor Rider Truck: These forklifts either contain pneumatic tires or cushions that easily lift the truck and can be used in warehouses. While the cushion tires are ideal for indoor use, the pneumatic tires can be used in dry, outdoors. These machines feature industrial batteries and rely on a transistor motor controller to control the travel. Moreover, they are versatile and make the best machines to be used in storage houses and leading industries. Electrical Motor Narrow Aisle Truck: These machines come with special features to maximize the space consumed by the truck and to improve the efficiency and speed in the industry. Since they have a narrow aisle, these machines are used to maximize the use of storage space. Electric Motor Hand Truck: These are the hand-controlled forklifts with the controls at the steering tiller and the operator in front of the truck. the control is mounted on top, with the operator helping in the movement of the tiller to steer the machine. Industrial Used Forklift: These machines can be used as a forklift, along with performing the function of a ‘Telehandler’. Most people are also popular with the capacity forklift name. While the industrial forklifts are not used for rugged and difficult terrain, they can easily load that is not at the ground level. however, you should know how to operate these machines like a pro. So, find out where to get forklift certification, and operate an industrial forklift with perfection. Pallet Jack Machines: These machines are compact in size and come with a small footprint. The reason pallet jack makes the best machine to accommodate in any size of the industry. The jack is steered with a tiller-like machine that acts as a pump handle and helps in raising the jack. The small handle on the tiller helps to release the hydraulic fluid, making the forks get lower. The front wheels at the end of the forks are placed on the levers, which are attached to the jack cylinder. The other more common types of pallet forklift machines or trucks are: Powder Manual Rough Terrain Telehandler: Telehandler is also called telescopic forklifts that look like both crane and forklift. The twin forks are attached to the machine and help in moving the pallets from the ground. In this article, we have tried to cover the most common as well as the most functional forklifts in the industry. Depending on your requirement, you can use one to increase productivity and efficiency. Read Also: Top 10 Best Sewing Machines For Beginners 12 Secret Methods Of Chi Machines Domination Lifting And Rigging Equipment—Your Hardware Guide Contemplating An Aluminium Ute Canopy For Your Four-Wheel Drive Vehicle?

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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5 Signs Your Car Needs a Tune Up

How Do Self-Driving Cars Really Compare To Human Drivers

Which Type Of Forklift Your Industry Need: Have A Look At Them!

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

Share this Article

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

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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.

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Popular

Follow Us

Recent

Related