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 Ways to Avoid the Rip Off While Buying a Used Car

When it comes to buying a used car, you need to be very careful even if you are good with cars and their tools. Buying a used car is not easy at all, it requires planning and research. However, some people still don’t get what they are looking for because they overlook the simplest yet most important aspects of buying used cars. Some people get cheated while others pay more for a used car than they should. Whether you have purchased a brand-new car or used one before, you must take some precautions not to have any bad experience with buying procedure. Following are the five ways that you should consider before buying a used car. Do Your Homework Researching about the car that you intend to buy is very beneficial. It helps you to understand more about that certain car. For instance, if you go to buy a car without doing any homework you will only waste your time or you will make the wrong decision. Use the internet to do your homework properly and get to know about the resale price, spare parts, and fuel consumption. Also, involve a mechanic to help you buy the right kind of used car. Don’t Let Your Impulse Win Don’t let your emotions overcome the facts and figures. Most people fall in love with a car’s exterior, buying it without any research. Make sure you see the car practically as well. Get details about insurance, making, model, financing, and other important information. The car that looks awesome from the outside usually does not meet your expectations when you take it out on the road. So, make sure to avoid impulse buying. Know Your Needs There are many people who end up buying a car that they don’t need because they can’t figure out what kind of car they are looking for. First, ask yourself about car needs and then start finding a car for yourself. For example, ask yourself whether a truck will suit or a saloon car? Also, get to know about fuel consumption and fuel economy so you don’t have to break the bank account. Know Your Budget Most people overlook this aspect, thinking that they will go for the monthly payment but it is not a good idea. In fact, it creates trouble later. Car dealers have attractive monthly payment packages which you say yes to but regret later. Make sure to ask the price of all used cars you check before finalizing one. Ask the dealer/owner about taxes, car parts, and price. If it doesn’t suit your budget then be willing to walk away. Don’t hesitate to ask questions to the car dealer/owner, it’s okay to ask questions than regretting later. You can always get something that fits within your budget when looking for cars for sale in San Diego". This takes me back to the first point where you need to take time and do your research well. Ask Your Mechanic for Assistance Spending a few dollars for pre-purchase car inspection is far better than spending thousands of dollars on repairs of a used car. We all know a mechanic we can count on when it comes to buying a used car. They know cars very well and immediately notice any fault. When he is done inspecting it, ask for his advice and consider it before making any purchase. If you need more info about car parts, car accessories, etc, visit CarCareNinja. Take the Car for a Long Test Drive Most people go for the test drive because it tells you so much about the car’s condition. You might not know it with a smooth start-up of an engine but once you drive it for a little longer, the test drive tells you the whole story. Also, notice whether you are comfortable while driving or not and if you have children, take them to the test drive and know their opinion, too so you can get to know whether they are comfortable with the car or not. Don’t Stick To One Spot Purchasing the best-used car requires research and lots of patience. Don’t be hopeless and end up buying any car just because you can’t find the one you are looking for. Don’t only search in the nearby places that are convenient, instead, move around different car sales and spots to get the best. Not only this, ask your friends who have knowledge about used cars, this will also help you. Even if you consider all these aspects, you must still be careful after buying a used car. Whether you are planning a road trip or going to the office, always keep wire cutters, pliers, torque wrench, and other important car tools to avoid any bad experience. Also, there is no doubt that buying a used car takes a lot of your times and effort but once you find the perfect car for yourself, it will be all worth it in the end. So, make sure to follow these tips to have the best-used car while saving your money.

Most Dangerous Intersections in Fort Lauderdale

Driving in Fort Lauderdale can be pretty intimidating and for good reason. Broward County is repeatedly found to be one of the most dangerous places to drive in the country, with a total of 41,755 accidents reported in 2016, which resulted in 245 deaths and 25,361 injuries. There are a lot of reasons that this could be the case, but the intersections of Fort Lauderdale might play at least some role in these numbers. Who hasn’t been uncomfortable sitting at a massive intersection, paying attention to the left turn, right turn, and straight green or red lights trying to figure out when it’s safe to go? Fort Lauderdale’s Zero Vision movement is an effort to reduce injuries and fatalities across the city for drivers, pedestrians, cyclists, and everyone else who shares these roads. Take a look at some of the most dangerous intersections, and tell us what intersections you think are worth mentioning in the comments below. A1A and Las Olas Blvd In 2015, this intersection had more than 1,000 accidents that caused injuries. That means that this doesn’t even include fender-benders where nobody was injured. Many accidents at this intersection are from one car rear-ending another, which can cause serious problems like whiplash. For personal injury firms like Friedland & Associates, this intersection is well-known due to the high number of injury cases that begin there. Sunrise Blvd and Andrew Avenue A lot of the accidents at this intersection comes from people either trying to race through yellow lights. When a driver decides to try to beat the light, they quickly realize how wide the intersection is, and may not be across completely before the other drivers begin to move through their now-green lights. For those who think that yellow means “speed up,” Florida’s intersections are a simple proof of why this is a bad idea. NE 26th Street and Federal Highway Depending on the side and direction of the street you are traveling on, this intersection has both 3- and 4-lane roads that either direct drivers to go straight, left, or right. This can often lead to confusion, especially for tourists who are unfamiliar with such large intersections or are just getting familiar with their rental vehicles as they cause an accident in one of the many lanes. Of course, we can’t pin all of the blame on tourists, so make sure you keep an eye out when you are coming through this intersection as well Not Just Concerning for Drivers Intersections can cause serious problems for drivers, but they can cause serious problems for pedestrians and cyclists as well. When traveling on foot, some intersections require pedestrians to cross eight full lanes of traffic before they are safe to the other side, which is just one reason that Broward County is so dangerous for pedestrians. Florida has the highest rate of pedestrian deaths in the country. In addition to foot traffic, cyclists must navigate these roads while sharing lanes with drivers who are either inexperienced with interacting with cyclists, or simply not expecting them on such busy streets. Read Also: Windscreen Replacements Are You Thinking About Buying Quad Bike For Your Kid? Honda Cars In Watertown NY: 8 Things To Check Before Buying A Second Hand Car

6 Effective Ways To Improve Your Car’s Fuel Efficiency

Owning a car comes with many perks. You no longer have to endure the hassle of using public transportation when you can sit in the comfort of your own car. Along with this, you no longer have to wait for the bus schedule or squeeze yourself with everyone during the rush hour. However, even with the amazing benefits that your car can provide, there are some drawbacks. Unless your car’s electric, your vehicle needs gas to run for miles. Unfortunately, fuel prices are constantly increasing. While looking for the best gas stations that provide cheaper rates would be a great option, maximizing its efficiency could also be helpful. Some Ways To Improve Your Car’s Fuel Efficiency: 1. Go Easy On The Pedals As soon as you step inside your car, one thing you should keep in mind is to drive smoothly as possible. Not only that it can prevent you from pushing forward and backward every time your step on the brake and accelerator pedals, but it can also help you to save on your fuel consumption. Harsh driving and intense stepping on the pedals can hurt your vehicle and gas consumption, causing even more visits to the gas station. While it might sound exciting to frequently move your body and be intense with your every movement as if you’re a race car driver, it can negatively affect your gas consumption. In most cases, you’ll decrease your fuel efficiency by 15 to 30%. To prevent yourself from wasting money, you should go easy on the pedals and drive smoothly as possible. 2. Don’t Race On The Road An open road without any cars nearby might tempt you to test your speed limit. While it might sound exciting and fun, you should expect higher gas consumption. When you speed, you spend more fuel covering the same distance you would if you went a bit slower. If you’d like to save on gas, you should try to go slow, yet appropriate for the road, as much as possible. Research shows that your car is burning 25% more fuel if you’re running 80mph compared to 70mph. Moreover, depending on the car, driving over 50mph can reduce your fuel economy by 7 to 14%. If there’s no need to rush, try to slow down your speed and conserve your fuel as much as possible. 3. Check For Proper Tire Pressure While it might seem like a separate topic, your vehicle’s tire pressure can affect your car's fuel efficiency, forcing your car to work twice as much and burn your gas. You should begin by identifying your car’s ideal tire pressure and ensure that you keep it that way for your entire ride. Check your tire pressure at least every two weeks at the gas station or do it at home using a gauge and see if you need to add more air. If you choose to allow your vehicle to run with inadequate tire pressure, usually less than ten psi, it might affect your fuel economy by 10% for the entire trip. However, even with a single tire with an incorrect psi, it can still reduce your fuel’s efficiency by 3.3%. Moreover, this is only part of the car maintenance habits that you should observe regularly. 4. Remove Unnecessary Weight The heavier your car is, the more power it needs to run at your desired speed. Even if your vehicle can carry everything you put inside, it’ll only put more work on the machine, requiring additional fuel consumption. You should reduce what you throw inside as much as possible. If you don’t need to bring your kid’s stroller with you all the time or carry your bag full of clothes inside your car, you should consider leaving them behind unless you really need them for the day. Apart from unloading your trunks, you should also consider removing any unnecessary attachments inside your car. This will include your roof boxes and bike rack. If you don’t need them, you should just store them in the garage and attach them when required. While it might be added work, it could help you to improve your car’s fuel efficiency. 5. Plan Your Trips Planning your trips ahead goes a long way in maximizing your travel at the lowest cost. You’ll see which roads you should take, pinpoint heavy traffic points, and decide to take on shorter routes. To help improve your car’s fuel efficiency, you should check the traffic condition by checking the news or using a satellite navigation app that allows you to see the traffic condition in real-time. Moreover, avoiding rush hour would also help as it’s a traffic magnet, forcing you to be idle for a long time. Along with planning your trips, you should also consider making a single long trip, rather than reducing your trips into multiple ones, thinking that it’ll be more fuel-efficient. If you plan on making two short trips instead of one, you’re wasting more gas as your car would consume more fuel each time you turn it on. 6. Turn Off The Engine If you need to wait for someone while in the car, you might want to consider turning off your engine to save on gas. Even if you’re not driving your vehicle as you put it in a parking transmission, it’s consuming an adequate amount of gas, which could call for a visit to the gas station immediately. To avoid this happening, you should consider turning off your engine. When you turn off your engine, you can choose to leave the car or stay inside. However, if you’re staying, you should ensure that you keep your windows open to allow for proper ventilation as your car would be sealed shut, not giving you enough air to breathe in. Takeaway Improving your car’s fuel efficiency can really be challenging, especially if you have a usual driving habit. But trying to be a smooth driver would surely make everyone feel comfortable every time you’re behind the wheel. Moreover, reducing your car’s weight effectively allows for more space while also putting less pressure on your engine. Above all, always check for your tire pressure as they’re the most common reasons why vehicles are burning their fuel consumption. Read Also: 5 Signs Your Car Needs a Tune Up 10 Causes Of Uber Accidents In The United States Choosing the Right Anti-Theft Devices For Your Car In Houston TX

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 Ways to Avoid the Rip Off While Buying a Used Car

Most Dangerous Intersections in Fort Lauderdale

6 Effective Ways To Improve Your Car’s Fuel Efficiency

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