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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Important Tips to Maintain your Luxury Car

Luxury cars are every man’s dream. They offer an unparalleled driving experience, taking you down the smooth roads in a breeze. These mean machines are not only beautiful but certainly, attract some head-turns and awe by people on the road. However, as breathtaking as they may be, luxury cars cannot be afforded by everyone. Even if you can buy one, then its maintenance costs can drive even the most ardent car fan crazy. These impeccable machines need attention, pampering, and lots of care for them to function smoothly. So if you just inducted yourself in the league of luxury car owners, then this article will share some important tips to maintain its life and to keep it running well through the years. Buy the Right Car Products: The thing about luxury cars is that you must invest heavily in its maintenance and its products. Unlike other cars where you can simply buy stuff off the shelves, luxury cars require you to be more considerate.You must look for products that are suitable for your vehicle like GPS tracking system and can enhance its life. When it comes to luxury vehicles, these products are manufactured for the purpose of maintaining the car and to ensure that it runs smoothly. You should research all your options before investing in them. Sometimes your car may even require custom maintenance, be sure to check about that. Get Regular Service: Servicing your vehicle from time to time is an important aspect of your luxury car upkeep. Since your luxury cars have multiple electrical features, they must be serviced more frequently than the others. For your car to get serviced well and on time, you must locate a service center that is capable of catering to your car and its needs. Most importantly, look for a center that specializes in your car type. Drive your Car Frequently: Believe it or not, many luxury car owners simply invest in them for the sake of status symbol and prestige attached to these vehicles. No matter what your reason is, a luxury Mercedes specialist warns that you must take your car out for a spin from time to time. All vehicles should be driven and allowing it to sit idle for a long time can actually be bad for them. Did you know that keeping your luxury car in the garage will cause more damage to your vehicle than driving it? Don't be surprised if your car breaks down after a month of sitting unused in the garage. Take it out and drive that thing to prolong its life! Follow Maintenance Schedule as Provided by Manufacturer: Manufacturers often provide an upkeep schedule that specifies what needs to be done and when. All you need to do is follow the schedule as recommended by the manufacturer to ensure that your vehicle runs smoothly. If you are feeling lazy about getting your car serviced, then remember that it demands more attention and care than a regular car. Interior and Exterior Cleaning: Luxury car models are vulnerable to cuts and scrapes. This is why you should only use the certified cleaning products for its interior and exterior cleaning. High-end interiors in your vehicle are made from expensive materials that require specialized care. Only use leather-approved products on your leather seats. Additionally, use the high-power vacuum cleaner to remove loose dirt and quality carpet shampoo to get rid of all tough stains. The best way to get your luxury car cleaned from the inside is to let professionals handle it. They follow the instructions down to the last detail and ensure that the car is squeaky clean from inside. Additionally, for the exterior cleaning, find a good car wash that uses the hand-washing technique. By using this method for regular cleaning, you can prevent discoloration, and cracking and peeling of paint. Experts recommend that you must get your car washed at least two to three times every week. You should also give it a wax/sealant treatment once every month. Tire Maintenance: Tires are what makes the car actually move, their maintenance is mandatory. As you use your car on a daily basis, the tires take a beating by rubbing against the tarred road. This is why it is imperative that you maintain your tires if you want it to be in good condition. After driving up to a thousand miles, it is common for the tires to experience regular wear and tear. Not getting them serviced in time will also upset the car’s balance. Sometimes, continuing to drive a car with worn-out tires can lead to a tire burst that is not only irreversible but also dangerous. Needless to say, this is why it is recommended to change the tire of your luxury car as soon as the treads on it contract to 1.5mm or less. Another parameter to check the tire life of your luxury car is to check the air pressure. Get your air pressure checked each time you take your car for refueling. Check the Batteries: If you have been driving for some time, then you already know that car breakdown is mostly caused due to faulty batteries. Unlike normal cars, the electrical system in a luxury car is way more complex. Therefore, it requires a trained technician to preserve your battery’s life in order to prevent your vehicle from breaking down unexpectedly. The experts will check for loose screws and build-up on the terminals. They will also ensure that the electrolyte levels are full. Consider replacing the old battery if it has been older than three years. Check the Maintenance Schedule: Even the most basic cars require regular service, your luxury vehicles are way more demanding to ensure their optimum performance. Not to get your vehicle serviced in time can be one of the quickest ways to ruin its health over time. It can add to the cost of your car’s upkeep as failure to maintain its parts can lead to their malfunctioning that will further need their replacement. You can prevent these issues from escalating by handling the maintenance as and when it is required. You should keep a track of when the maintenance is due and plan for it ahead of time to avoid delays. Follow the Rulebook: Maintaining a luxury vehicle is really not as complicated as one would think. It comes with a rulebook with detailed instructions regarding its maintenance and upkeep. All you need to do is follow these basic practices to maintain your vehicle and ensure its long life on the road. Things, like parking your car in the garage and covering it with tarpaulin alone, can prevent the damage caused due to extreme hot and cold weathers. Similarly, there are many such little things that we do not even consider when talking about the maintenance of your vehicles. Now you know that how you need to maintain your luxury car. You can follow all the above-mentioned ways and keep your car in top condition, no matter whether it is an expensive car or an inexpensive one. Make sure that you give time to your car frequently when it comes to taking care of it. Read Also: Car Between 5 – 10 Lakhs – What Is It? What Do You Need To Change Car Rims? Why You Need Classic Car Insurance?

What is Driver CPC Certification and Who is Required to obtain it?

Every professional driver operating a bus, lorry, or a coach needs to get a driver CPC certification. The certification contains standards followed during driver training as well as continuing education for career professionals. The purpose of requiring drivers to undergo this certification is to ensure proficiency and competency on the job. What is the Primary training of drivers for CPC certification? CPC stands for Certificate of Professional Competence and to all domains of you can apply it. All professional drivers who fall in the category of C or D license. If you are a new driver and live in Sheffield, and this is your first time to undergo CPC certification, you’ll need to find a course for Driver CPC in Sheffield providing initial training. The instruction includes sufficient preparation for testing theories and applying practical skills. If you don’t go through the initial qualification process, you won’t be able to proceed to obtain a commercial driver’s licence. Who is required to take periodic training? Once a driver completes initial CPC training, a card is presented confirming that all legal requirements were met. This card is valid for the next five years. Once the card is about to expire on its fifth year of validity, drivers have to undergo periodic training to renew certification. Periodic training is necessary for maintaining competency and development. Each recurrent training consists of 35 hours in the classroom administered by accredited training providers. Training providers typically customise the programmes to meet the needs of their clients. Some clients may require their drivers to have training on emergency procedures for road safety, while there are others that may require additional training on how to handle volatile products like petroleum. Who needs a driver CPC certification? The critical identifier that a driver CPC certification is necessary is when a driver is a professional driver. But there are some exceptions which typically involve non-professional drivers. Those who drive the following types of vehicles for a living need CPC certification: Heavy equipment used in construction Buses operating on local and regional routes Coaches Tipper trucks Bin lorries Articulated lorries Aside from the drivers, operators also need to obtain CPC certification. But the training for operators is different from that of drivers. Exceptions to CPC certification: The law has built-in guidelines on who is exempt from taking CPC certification. There are professional drivers and non-professional drivers who may be exempt according to these guidelines. Professional drivers exempt from obtaining a CPC certification are: Professional drivers driving vehicles in the armed forces, police, fire service, and civil defence. Professional bus drivers who don’t receive compensation for their service and the vehicle has less than 19 seating capacity. You are driving a qualified vehicle, but only doing so for personal purposes. Vehicles driven for rescue or emergency operations. These are only a few of the exemptions in the list of those required to get a CPC certification. It is essential that you review the complete list and guidelines to know if your driving activity will also need a driver CPC certification. Read Also: How To Shop For A Car With Your Teen Driver? How Do Self-Driving Cars Really Compare To Human Drivers In Terms Of Safety?

Car between 5 – 10 Lakhs – what is it?

There are multiple benefits to getting a car in that range, some of which include : Easy management: these cars are a lot easier to handle than the powerful engine cars. Most of the people living in India encounter heavy traffic and packed streets, so this is an added benefit for them. Parallel parking also becomes easier as their size allows for easy squeezing between packed spots Environmentally friendly: these cars tend to be fuel-efficient in comparison with cars of a higher budget. This results in lesser emissions, therefore, less pollution. Higher affordability; a vast majority of youngsters and working adults care more for affordability than for lavishness. These cars are cheaper to manufacture and this makes them the best choice for such individuals. Less Maintenance: since a lot of money is saved because of their compact nature, with the right usage, you can expect some cuts in maintenance costs in the long run. You can find these cars along with their current prices and key features and specifications on Autoportal. Best brands for that price are numerous but we have listed down the best ones for you to help you narrow down your choices; Hyundai Grand i10 price is amongst the most affordable in India. It has amazing key features such as the diamond cut alloy wheel and the rear ac vents along with the touch screen AV system which allows you to control the car easily and takes most of the tasks off your back. The Grand i10 follows Hyundai’s elegant Fluidic design language strictly. The elegant-looking diamond-cut alloys make the car even more appealing. Important safety features, like the Anti-lock Braking System (ABS) and passenger front airbag, are missing in the standard list, and they come only as an option with higher variants. Maruti Suzuki Swift has some amazing features such as automatic climate control along with smart play infotainment and steering mounted control, all for which make up the features of a good car in this price range. Honda Amaze has the ultimate diesel CVT along with advanced infotainment and upgraded safety; which are currently the features in high demand by the majority on the Indian market looking for the perfect car for domestic use. Maruti Suzuki Baleno comes with ABS with EBD which enhances the control over the vehicle while you lock and skid it around. It also comes with an infotainment system which allows you to use Siri software to help you with calls and messages. Its upgraded projector headlamps come with an amazing hi-tech look. In addition, Autoportal prepared a pleasant surprise for all buyers! Book your car between 1st - 31st August 2018 and get a chance to win. The 1st winner will receive 2N/3D Trip to Dubai, the 2nd winner receives 10 Gram Gold Coin, and OnePlus 6 (64GB) is waiting for the 3rd winner! Moreover, 500 Lucky winners will get a gift voucher worth Rs. 500! Read Also : Useful Tips About Mobile Car Detailing To Avoid Any Costly Maintenance And Repair Issues 5 Safety Features In Your Maruti Car You Did Not Know About Washing Your Car: 7 Dos And Don’ts

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

Important Tips to Maintain your Luxury Car

What is Driver CPC Certification and Who is Required to obtain it?

Car between 5 – 10 Lakhs – what is it?

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

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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