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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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!

8 Factors to Consider When Purchasing a Bed Liner for Your Truck

It’s no surprise that pickup trucks are among the most popular vehicles in the United States. In fact, 2.8 million trucks sold in 2017 alone! Though those trucks get used for both business and daily life, there’s one thing all truck owners have in common: the desire to protect their ride. And installing a truck bed liner is one of the best ways to upgrade and protect your truck. But there’s more to buying a liner than picking the cheapest option. You need to find the right type for your needs. Starting your search? Here are a few things to consider when browsing through your options. 1. Budget: Some truck bed liners cost more than others. Simple spray-on liners can be more affordable than the removable trays or heavy-duty permanent liners. Before you start considering your options, think about how much you want to spend on the liner. This will help you narrow down your options. Remember, even a light-duty liner is better than an exposed truck bed. No matter what your budget is, installing even the most affordable liner is in your truck’s best interest. 2. The Condition of Your Truck Bed: Corrosion is a major problem for any metal truck bed. And it forms quickly. Once the paint and protective coatings get scraped away, the metal underneath loses its protective moisture barrier. That moisture leads to rust which eats through the metal and weakens the structural integrity of the truck bed over time. If your truck bed still has the protective layer of paint and clear coat, you’re fine with any liner option. The spray-on truck bed liner will act as an additional protective barrier for the bed. And the bed itself is strong enough to support the load without help. But if you have rust buildup in your truck bed, you’ll want to look at a liner that offers additional structural support. Hard rubber and plastic liners hold their shape. This helps spread weight throughout the bed when carrying a heavy load. The less weight on those rusted and damaged parts of your truck, the longer the truck bed will last. 3. How Much Maintenance You Can Handle: Some bed liners last longer than others. And some are virtually maintenance-free. Spray liners can wear away over time and you’ll have to reapply them every few years. If the bed gets scratched and damages the spray liner, you’ll need to reapply the liner to cover the damage. Rubber liners are far more durable and require minimal maintenance. All you need to do is remove them a few times a year to give them a good cleaning. You don’t want to clean the liner in the bed as it can trap water between the metal and the rubber itself. This increases your risk of corrosion and rust. Though removing the liner is time-consuming, they require less maintenance in the long run. You can spray down polyethylene or plastic liners right in the truck bed, saving you time and energy. They’re uniquely durable and resistant to cracks, making them incredibly low maintenance. 4. Removable vs Permanent Liner: Some people prefer the convenience of removable liners. They’re easy to clean and can be switched out between trucks with similar bed sizes. Others prefer a permanent liner. Permanent liners can be lower maintenance when they’re installed correctly. But they can’t get switched out from one truck to another. If you plan on selling your truck in the near future, a removable liner might be the best option. But if you go with a permanent liner, you’ll increase the resale value of your truck. Either way, it’s a win-win and the right choice is really a matter of personal preference. 5. How You Use the Truck: Different liners work best for different tasks. Before you decide, think about how you use your truck. Do you regularly haul heavy equipment that needs to stay put in transit? Then a textured permanent bed liner will be the best choice. It will help keep those heavy loads in place when the truck is in motion. If you haul small loads or make frequent deliveries on your own, a smooth liner will make unloading easier. Items will slide right down the bed to the tailgate so you can unload quickly. Regardless, spray-on, permanent plastic liners, and removable rubber liners are all impact-resistant. You’ll still have protection for those unexpected potholes that jar your entire load. 6. Ease of Installation: Are you looking to install the bed liner on your own or do you want to have someone install it for you? Permanent liners are best installed by a professional. This helps protect your truck’s paint job and guarantees that the liner itself fits the bed perfectly. Most spray-on liners and permanent plastic liners should be installed by a professional. But if you’re looking for an easy installation you can handle yourself, removable rubber liners are the way to go. Drop-in truck bed liners sit flush against the truck bed and installation takes a matter of minutes. 7. How You Store Your Truck: All liners last longer when the truck is kept in a covered parking spot like a carport or garage. But if you leave your truck outside in the elements, you’ll want to invest in either a spray-on liner or permanent plastic liner. These options protect your truck bed from moisture, plant matter, and sap which can all damage the paint and metal underneath. Keep in mind that the materials may break down more quickly if the truck stays parked in the sun most days. But if you keep your truck in a covered parking area, any liner will work just fine. 8. What Color Liner You Want: Truck liners used to be plain black and boring. But modern liners come in almost any color you can imagine. Think about whether you want to match the paint job for the truck bed or if you’re fine with a contrasting color. There’s no right or wrong answer. But color can impact the price you pay. Some colors may cost more than the standard options. Upgrade Your Truck: A truck bed liner is a great way to upgrade your truck and protect your investment. But there’s more you can do to improve your ride. Check out our latest posts for more helpful tips. Read Also: Things To Do Before Bed For A Perfect Night’s Sleep Seven Simple Ways For Achieving Cozy Bedroom Environment: For Perfectly Night Sleep

Why Times Are Tough For Truckers and Why It Concerns You

It wasn't all that long ago that truck drivers were paid competitive wages and offered benefits for doing their jobs. But in recent decades, a job that once provided stability and a comfortable paycheck has become much more trying for truckers. When the trucking industry was deregulated in the 1980s, there was a rise in the number of trucking companies, leading to an increased demand for drivers. That need for more drivers has been a pox upon the trucking industry virtually ever since, and it shows no signs of letting up anytime soon. The American Trucking Associations says that the industry is currently short about 48,000 drivers. By 2025, that number will rise to approximately 890,000 drivers. Ask a commercial driver who has been working a big rig for a long period of time and they will tell you how much times have changed. In many ways, drivers feel as though they are under siege, either through regulation or by the companies that find more and more ways to save the money they pay some of their hardest workers. The changes in the trucking industry are important to everyone who shares the road with tractor-trailers. The fact that the industry is in limbo is a big concern for all of us. Truck Driver Pay Isn't Keeping the Pace The trucking industry has been struggling to retain the number of drivers that they need in order to meet shipping demands. While the industry refers to this as a shortage of drivers, many labor experts also believe that it is really a shortage of truck driver pay. Workers that used to gravitate toward the role of a truck driver are finding other sectors that offer more pay, or at least similar pay for more optimal working conditions. Truck drivers spend long stretches of time away from their homes and families. Unless adequate pay entices those workers to get behind the wheel of an 18-wheeler, they will find other sources of income. This means that the current workforce is stretched thin. Truck drivers are increasingly being hired as independent contractors, which means they lack the benefits that they used to enjoy and end up footing the bill for downtime. Self-driving Trucks are on the Horizon Though not an immediate threat to those who choose truck driving as a profession, the possibility of self-driving trucks is an ever-present entity in the trucking industry. While many believe that the automated trucks of tomorrow will have a human being in the vehicle to oversee and intervene in case of an emergency, the possibility of self-driving trucks raises a number of questions that remain unanswered. Now that companies are throwing their hat into the automated truck ring, the recent fatal crash involving the Tesla Autopilot system has also raised major concerns about the effectiveness and safety of a human operator taking over from an automated system. Until this technology is truly road-ready, it will remain a big question mark in terms of its impact on road safety and trucking labor. Many Regulations Currently loom Over the Trucking Industry A number of regulations have been hanging over the trucking industry in recent years. Electronic logging devices are slated to be mandatory on all trucks. Speed limiters are expected soon. These devices are promoted as being a boost to road safety by slowing trucks down and holding drivers and companies more accountable for hours spent on the road and for traveling too fast. However, many in the industry, including drivers, are concerned that these devices could cause more problems than they fix. Some drivers feel as though logging devices are a way to shift blame for violations onto them, and there have been many concerns (and lawsuits) over how the information from these devices is used to harass and intimidate drivers behind the wheel. Likewise, many drivers are concerned about the implementation of speed-limiting devices, which inhibit the ability of a truck to exceed a predetermined speed. Some safety advocates say these devices will improve road safety, but others are concerned that speed limiters will limit the ability of a driver to be as flexible and adaptable as they need to be in order to avoid causing traffic congestion. Yet another concern with speed limiters is that they create large speed differentials with other vehicles on the road, which increases the likelihood of collisions. Trucker Health and Sleep Apnea One of the biggest challenges for truck drivers is maintaining a healthy lifestyle. Driving a truck means being sedentary for long periods of time. Eating healthy while on the road is difficult. It's easy to see why truck drivers, when compared to the average worker in the United States, have twice the rate of obesity and diabetes. Sadly, they are also twice as likely as all other workers to not be covered by an insurance plan. These less-than-optimal conditions set the stage for the high rate of sleep apnea among truck drivers. The FMCSA says that close to one-third of commercial truck drivers have obstructive sleep apnea, a condition that affects the quality of sleep and diminishes daytime alertness, among other health concerns. One report found that truck drivers with sleep apnea are five times more likely to be involved in vehicle crashes. These issues represent some of the greatest obstacles in the path of the trucking industry. As long as there is a demand for shipping, these companies will no doubt find a way to meet it, but the price is being paid by those who are behind the wheel. The fact that we all share the road with them means that we, too, have a vested interest in these struggles. There will be many changes to come for the trucking industry in the years ahead. Unless those in charge find a way to keep these drivers healthy, happy and better-taken care of, many of the problems mentioned above will only get worse. Read More: Important Things To Transport During A Relocation Finding The Right Moving Company 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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Buying a Used Car? Few Negotiating tips, you can use

8 Factors to Consider When Purchasing a Bed Liner for Your Truck

Why Times Are Tough For Truckers and Why It Concerns You

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