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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Navigating The Road With Prudence: Top Tips For Responsible Driving

In a world where roads are growing busier by the day, driving responsibly has become an absolute necessity. Responsible driving goes beyond the basic understanding of traffic rules. It requires a mindset that values safety over speed and prudence over impatience. Whether you're a seasoned driver or someone who recently learned driving from a reputable driving instructor in Victoria, these tips will help you navigate the roads more responsibly. 1. Understand And Respect Traffic Rules The foundation of responsible driving lies in understanding and respecting traffic rules. These regulations are put in place to maintain order on the roads and ensure safety. Understand the meaning of traffic signs, signals, road markings, and right-of-way rules. Remember, these rules are not optional guidelines, but laws designed to prevent accidents and save lives. 2. Never Drive Under The Influence It goes without saying, but no list of tips on responsible driving can overlook the importance of sober driving. Driving under the influence of alcohol, drugs, or any form of intoxicants can have devastating consequences. It significantly impairs your ability to make sound judgments, react promptly, and control your vehicle properly. If you've had a drink, catch a cab, call a ride-sharing service, or ask a sober friend to drive you home. 3. Limit Distractions Distracted driving is as dangerous as driving under the influence. It only takes a momentary distraction for an accident to occur. Whether it's your mobile phone, car stereo, GPS system, or a conversation with a fellow passenger, any form of distraction can lead to a fatal mistake. Remember, when you're behind the wheel, your main focus should be on the road. 4. Practice Defensive Driving Defensive driving is the practice of driving to save lives, time, and money, in spite of the conditions around you and the actions of others. It involves anticipating potential problems and making safe, well-informed decisions to avoid them. This could mean keeping a safe distance from the vehicle ahead, being aware of the blind spots, or being extra cautious at intersections. 5. Control Your Speed Speeding is one of the leading causes of traffic accidents globally. Responsible drivers understand that the road isn't a race track. Always follow the speed limit, but remember that these limits are not targets. Depending on the weather, traffic, and road conditions, it may be safer to drive below the speed limit. 6. Keep Your Vehicle In Good Condition Vehicle maintenance is an integral part of responsible driving. A poorly maintained vehicle can be unpredictable on the road, endangering both the driver and other road users. Regular checks on your tires, brakes, lights, and engine can help prevent unexpected breakdowns and accidents. 7. Be Courteous To Other Road Users Sharing the road with others calls for courtesy and respect. It's important to be patient with other drivers, especially those who may not be as skillful or confident. Use your horn sparingly, allow others to merge into your lane when it's safe, and avoid behaviors that may provoke or endanger others. 8. Follow Safe Driving Practices In Different Weather Conditions Different weather conditions require different driving techniques. In conditions like rain, snow, fog, or ice, roads can be hazardous. Learning to adapt to these conditions, such as by slowing down, using the right lights, keeping a safe distance, and knowing how to respond if your car skids, is vital for responsible driving. 9. Plan Your Journey Planning your journey can contribute significantly to responsible driving. This includes checking the weather and traffic conditions, choosing the safest route, and ensuring you have enough rest before a long drive. 10. Lifelong Learning Responsible drivers understand that there's always more to learn. Whether it's mastering advanced driving skills, getting updated on the latest traffic rules, or learning about new automotive technologies, continuous learning is key. As we journey through life, let's remember that the way we drive can directly impact our lives and those of others on the road. Responsible driving is not just about getting from point A to point B; it's about ensuring that every journey we undertake is safe and enjoyable, both for us and for those sharing the road with us. The road to becoming a responsible driver is a continuous journey of learning and conscious effort. As you buckle up next time, remember these tips and drive responsibly. Read Also: The 5 Most Important Motorcycle Safety Tips All Riders Need To Know Things About A Personal Injury Lawyer How To Find Best Car Accident Lawyer Near You

Buying a Used Car? Few Negotiating tips, you can use

Negotiating a deal in your favor is indeed an art. Some people love to do it, and some hate the process of haggling. It depends who you are, are you the “dominating” party or you’re getting dominated? It’s a psychological game where both of the parties want to win, but only the dominating one smile at the end. And when it comes to buying a used jeep or car, the same rules apply here too. Here re a few tips for you so that you can get the best possible car deal: Here are Buying a Used Car, Few Negotiating tips, you can use: 1. Do not negotiate at all: Seems a bit confusing, right? Let me explain. If you are confident that the price you determined in your mind is not heavily undervalued, you can politely decline the price that the seller has asked by putting your price on the table. Simply tell the seller that you would be buying the car only at your price. It’s a psychological tactic that works most of the time. Every seller has a price range of minimum and maximum, and obviously, they offer you the maximum at first. However, if your price falls within the seller’s min-max range, you can expect a call from him/her, and the actual negotiation would start from that point. If you get the call, you can be almost sure that you are now the dominating party and there’s a good possibility that you’ll be able to close the deal at the closest point of your proposed price. 2. It’s all about the timing: Like every business, a car salesman also needs to fulfill his/her quota of sales or achieve a specific target every week or month. And like every business, they always hardly are able to make their sales goal until the last minute. So, if you can approach them at the right time, the game would be in your favor. Like, go to the salesman on the last day of the month, on a Saturday or Sunday evening just before they are closing and you’d be surprised to see how eager they are to close the deal. You’d have the upper hand in the deal at those timely moments, no doubt about it. 3. Research is your weapon, use it wisely: If you’re in the used car market, I hope you already know exactly what type or which category of cars you want. First, make a list of cars which you’re interested in and research about those cars before you start visiting used car dealers. Get to know the pros and cons of those cars thoroughly. Google is your friend; you shall know everything you need to know about those cars from there. Once you have a good understanding, then you can start visiting the dealers. Show your interest only to those specific cars, and no matter how the salesman tries you to grab your attention to another or any other type of cars, just stick to your choice. 4. Stand on your feet firmly, but politely: Salespersons are trained to judge a buyer very quickly by their attitude, and they usually judge very accurately. So, your best strategy should be to make them judge you as a knowledgeable buyer. Let them know that you know very well about your requirement and you have a fair idea of what that car should be worth. As it’s mentioned here already; research is your weapon. So, use that weapon here wisely. Listen to their price, and propose your own price, politely but firmly. Explain to them why you think that car is not worth more than what you suggested, and point out the pros and cons (mainly cons) to make your point. The more they understand that you’re a tough buyer to manipulate easily, the better deal you should arrive at. If you bear the tips in your mind while buying a used car and do negotiate accordingly, you will get the best deal, guaranteed. And in case you’re looking for second-hand cars in Dubai or pre-owned cars in Sharjah, you should first look out for a good car dealership. Car switch is one of the preferred choices of car dealers in the region. Read Also: What Do You Need To Change Car Rims? Rochester Buick GMC Buying Tips When Wanting A New Car Why You Should Have A Code Reader For Your Car Car Insurance: What You Need To Know Before Taking The One!

Why Use Car Shipping Services & How A Cost Calculator Can Help

As one of the most valuable possessions you have, your vehicle is one of those assets that you always take good care of. Or, at least you’re trying to take good care of it. Thus, when relocating to a different city or state, for example, you’ll think twice before deciding to drive a car such a long distance. Instead of driving, you’ll start thinking about using car shipping services. Yet, you won’t really be sure if that’s a good idea, and if you come across a car shipping calculator, you won’t know how helpful it can exactly be. Both of those questions are certainly highly important, so what I’ll do now is answer them for you, helping you both make the right decision and figure out what to do with the calculator should you choose to use these services. Why Use Car Shipping Services Unsurprisingly, we’re going, to begin with the question of why using the car shipping option is a great idea. There are quite a few reasons to do this, and you’ll now get familiar with some of them. Learning about those reasons will help you ultimately decide if this is the right solution for you, or if you should perhaps decide to drive after all. I highly doubt that, but still. It’s a possibility. In addition, if you need to transport your car consider using the reliable car shipping services offered by https://www.professionalcarcarriers.com/shipping-car-from-vancouver-to-toronto/." Reduce the Risk of Damage Driving your car a very long distance can certainly take a toll on it and lead to some damage. Some issues you could face with it could be minor and insignificant, while others could be quite serious and, of course, expensive. Using the car shipping option, you’ll reduce the risk of damage, because your vehicle won’t be driven, but instead transported by a professional who has done this numerous times before and knows how to do it safely and successfully. No Stress The stress of driving for far too long is something nobody wants to experience. When you first think about driving a very long distance, it may sound like a fun road trip, and you may get excited about it. After you’ve been on the road for a while, though, stress will replace excitement, and you’ll regret the day you decided to drive instead of using the shipping option and avoid any kind of stress whatsoever. Here’s what to know about car shipping: https://www.angi.com/articles/5-tips-shipping-car.htm Avoid Injuries Being behind the wheel for far too long can not only be stressful but also lead to some injuries. No matter how comfortable your car is, sitting for long periods of time can lead to back injuries. And then, there’s also the fact you may have an accident on the road, which can result in even more serious injuries. Using the car shipping option will help you completely avoid the risk of those injuries. Save Time Time is certainly among those resources that you don’t want to waste. Saving it is, instead, your goal, because saving time on one thing means you can focus on other important things, or even just relax and recharge your batteries. With the car shipping solution, you’ll definitely get to save time, as you won’t be trapped behind the wheel. Save Money On Unforeseen Expenses Since talking of saving things, we can’t fail to mention money. Sure, you’ll be paying for the shipping service, but there are a lot of things you won’t be paying for if you decide to go for it instead of driving yourself. Basically, you won’t pay for gas, road trip food, accommodation, etc. And, you won’t incur any unforeseen costs, such as those that could arise from your vehicle needing repairs after being damaged on the road. Read more on how to transport your car. How a Cost Calculator Can Help After mentioning money, we have to start dealing with the next important thing that you’re wondering regarding these particular services. How can those shipping cost calculators actually help you and should you use them? Well, they help by providing you with a clear estimate on the amount you’ll pay when transporting your car with a specific company and on specific dates, allowing you to set a clear budget for it aside, as well as to find the best and the most reasonable deal. Using them can and will help you pay a fair price. Read Also: 6 Factors to Consider When Choosing a Shipping Company AutoTempest: Is It The Best Search Engine For Cars? Is Marine Transportation A Good Career Path?

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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Related

Navigating The Road With Prudence: Top Tips For Responsible Driving

Buying a Used Car? Few Negotiating tips, you can use

Why Use Car Shipping Services & How A Cost Calculator Can Help

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

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Share this Article

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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