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 Long Haul: Maintaining Your RV’s Black Tank

Embarking on a long journey in your RV promises adventure and the comforts of home on the road. One of those comforts is the convenience of an on-board bathroom. However, this amenity comes with the responsibility of maintaining the RV's black water tank, a crucial component that, if not properly cared for, can lead to unpleasant odors and costly repairs. Let’s explore the best practices for keeping your black tank in optimal condition during extended travels. The Essentials Of Black Tank Upkeep The black tank in your RV is designed to store wastewater from the toilet until you're able to dispose of it properly at a designated dump station. Regular maintenance is key. This includes routine flushing to clear out waste and prevent buildup, monitoring for leaks, and ensuring the tank's sensors are clean and functioning correctly for accurate readings. It’s also essential to use RV-specific toilet paper that breaks down quickly and doesn’t contribute to clogging. Embracing RV Black Tank Treatment Solutions An effective RV black tank treatment is crucial in managing waste and odors. These treatments are designed to break down solid waste and toilet paper, reducing the chance of clogs and maintaining a more sanitary system. They often contain enzymes or beneficial bacteria that digest waste and neutralize odors. Some treatments also include deodorants to keep the air inside your RV fresh, making them a welcome addition to your tank management routine. Comparing Black Tank Treatments When selecting a black tank treatment, consider the following options and their benefits: Treatment TypeOdor ControlWaste BreakdownEco-friendlinessChemicalHighModerateLowEnzymeModerateHighHighBio-ActiveHighHighHighDIY SolutionsLowVariableHigh The Role Of Consistent Tank Monitoring Regularly monitoring your black tank levels is critical, especially on long journeys. Overfilling the tank is not only a health hazard but can also lead to backups and damage to your RV's plumbing system. Keep a close eye on the tank's gauge, and never let it reach full capacity. It's best to empty the tank when it reaches two-thirds full to prevent issues. A Clean Practice: Flushing And Cleaning The Black Tank Flushing and cleaning the black tank should be part of your routine after every emptying. Dedicated black tank flushing systems or external flush hoses can be used to rinse the inside of the tank, helping to remove residual waste and prevent the buildup of solids. Regular cleaning will ensure that your black tank sensors remain accurate and that the next leg of your journey is odor-free and sanitary. Smart Usage: Preventing Black Tank Issues Before They Start Prevention is always better than cure, especially when it comes to RV black tank maintenance. Smart usage habits can significantly reduce the risk of black tank problems. This includes minimizing the amount of water used with each flush and ensuring that nothing other than waste and RV-safe toilet paper enters the toilet. Educating all passengers about these practices is essential, as one oversight can lead to blockages that could disrupt the tranquility of your travels. Tackling Tough Tank Troubles Even with meticulous maintenance, sometimes you may encounter more stubborn tank issues. Should you face a particularly resistant blockage or sensor malfunction, it's crucial to address these problems head-on. Specialized tools like tank wands or backflush valves can be employed to clear blockages, while sensor cleaners can resolve inaccurate readings. In extreme cases, professional RV maintenance services may be required, but with diligent care, such situations can often be avoided, ensuring smooth sailing throughout your journey. In conclusion, taking care of your RV's black tank is a critical part of ensuring a pleasant and hassle-free long journey. By utilizing appropriate treatments, monitoring levels, and maintaining a regular cleaning schedule, you can avoid the common pitfalls associated with black tank maintenance. With these steps, you'll ensure that your home on wheels remains just as comfortable and welcoming as the day you set off, no matter the distance traveled. Learn More About: A Guide To Choosing The Best N54 Engine For Sale Tire Shopping Made Easy: A Comprehensive Buyer’s Guide A Comprehensive Guide To Powertrain Warranty Coverage

Beginners Guide To Buying A Classic Car

There is an awe that greets the air when a classic car drives by, the sudden rush of excitement that propels your mind to wishing you had a classic car of your own. Car owners treat classic vehicles with a level of dignity not many have been accorded in their lives. If you have never had a classic car before, follow these guidelines, and you are good to go. Choosing the Right Vehicle Looking for classic cars for sale can be very cumbersome, and certain aspects have to be followed so that you may have the vehicle that you desire. a) Purpose of the vehicle Buying a classic car requires the buyer to have a particular inclination towards what they intend to use the vehicle. This principle is applicable to all customers who are buying automobiles. A sports car is mainly bought by men and women who want to have fun, and those who purchase spacious vehicles have families. A car salesperson will also appeal to your needs so that they could find the best fit for you. b) Condition of the car Before buying a classic car, you need to look at its state before taking that leap. They are very costly vehicles, and purchasing one requires that you pay attention to detail. Is the car damaged? Does it need parts? Is it original? Is it new? These are some of the questions that any buyer should be asking themselves, and make sure you get answers for that. c) Maintenance costs of the vehicle Classic cars have to be monitored very well, and these may incur so many costs along the way. It is highly recommended that you know your way around one of these vehicles. Start with something that will not frustrate you while maintaining it unless you have money to burn. Set Yourself a Budget The moment you begin to search for a vehicle, have a specific budget in mind of how much you need to spend to get your classic car. Buying a vehicle is not as simple as going to the mall; certain aspects have to be followed. a) Purchase price of the car The most important part of your budget is how much the car really is. Look for a vehicle that suits your wallet and ensure you look for the best price available in order to save as much as you can. Once you have determined the price, you can make an informed offer. b) Maintenance and spare parts The budget should have this in mind before purchasing your vehicle; know how much you will need to use to maintain the vehicle. Have a reliable mechanic who can get you the right spare parts like lift kits, batteries, engine components, filters, exhaust, and fuel systems. If you fit your car with the wrong spare parts, you may as well end up without a car. c) Insurance In today’s economy, there are financial hindrances to driving around a classic car. It is paramount that you get the insurance for your vehicle in order to drive one around. No one would want to see you pulled over in a 1947 Chevrolet 3600 because you don’t have car insurance. Have a test drive Drivers want to feel how it is behind the wheel before they purchase the vehicle and go home with it. The revving engine when you accelerate and change gears give any car enthusiast a racing heart and gushing face when driving a classic. On the other hand, being taken on a drive can be equally rewarding. The vehicle may be on sale, but the experience of being in one may give you a sense of how owning one would be. Final Thoughts Classic cars have been the envy of many people, young and old. The pendulum swings both ways to those who wish they had such a beauty to drive around town. Owning a classic car requires sheer will and commitment because there will be hard times and good times. Beginners out there will not have an easy time when looking for a classic car, but with a lot of research and commitment, you will get there. Begin your journey by exploring Dyler through their website https://dyler.com/cars for a wide range of classic cars. Read Also: Best New Cars for Teenagers Perfect ways to Earn from your Wonderful Car

How Car Leasing Works And What To Expect

Buying a car ensures access to the vehicle at all times, but not everyone can incorporate this hefty purchase into their financial plans. In that case, you always have the alternative to lease a car, meaning you’ll only have to pay for the time you drive it before returning it to the company when the lease’s terms end. Car leasing has gained popularity in recent years, with statistics showing that around one-fifth of new cars in America were leased in 2022. If you’re considering renting a vehicle for the first time, keep reading as we delve into everything you need to know about the process. What is Car Leasing? When you opt for vehicle leasing, you sign an agreement or similar documents with the car dealer or company to rent a car for the mentioned term (usually some years). You’ll have to return the vehicle as the term ends, and you can’t claim ownership over it. Most individuals pick leasing over buying a vehicle because they get to pay less cash out-of-pocket, gain peace of mind due to the maintenance coverage and manufacturer warranty, and secure monthly payments. Additionally, if you prefer enjoying the latest technology or driving the newest models, a car lease enables you not to be bound to only one vehicle or worry about selling it. Keep in mind that you have to stay below or at the mileage limit stated in your lease agreement; if you exceed it, you might be charged excess mileage penalties when you return the car. How Does it Work? If you wish to lease a car, there might be a requirement for you to sign the lease agreement outlining the conditions and terms of the lending arrangement. The lease agreement typically includes the monthly payments you’ll make, the duration of how long you’ll keep the car, and mileage limits. Any fees such as the acquisition fee, excess wear and use, disposition fee, applicable termination fees, and other end-of-term charges should also be specified. We recommend researching which car lease fees to avoid so you’re not subjected to extra charges at the end of your lease term. Look out for information regarding use, wear, and maintenance standards within the lease agreement and check whether your lessor provides the option to purchase the car once the term ends. You may be able to buy the vehicle, return it, or extend your lease, depending on your contract’s terms and conditions. Purchasing your leased vehicle can be influenced by several factors, such as your budget, the car’s performance, and the vehicle’s market value compared to the purchase option price. It is a good deal to consider If the purchase option price costs less or is equal to the market value. How Much Does it Cost? The cost of leasing a vehicle depends on how long you plan on leasing it and the type of car you want to rent. It’s common knowledge that the shorter the lease period and the more expensive the vehicle, the higher the monthly payment. In contrast, a longer lease period and a cheaper car will result in you paying reduced monthly payments. Rather than paying for the car’s entire value, leasing enables your monthly payments to cover the rent, taxes, and the vehicle’s depreciation over the lease term. As you don’t have to finance the purchase price, your payment will likely be much lower. Mistakes to Avoid When Leasing a Car In this section, we’ll explain some things to avoid during the car lease process: 1. Don’t Pay Too Much Up Front While car dealers advertise low monthly lease payments, you might need to pay several thousand dollars to cover a portion of the total lease in advance to meet the affordable payment term. If the car is stolen or wrecked within the first few months, your insurance company is responsible for reimbursing the car’s value to the leasing company. However, it is unlikely that your down payment will be reimbursed. Not only will you lose the car, but you will also experience a monetary loss. Depositing no more than $2,000 upfront is recommended for car leasing. In fact, it even makes sense to put nothing down and pay everything in the monthly lease payment if this arrangement works better for you. 2. Invest in Gap Insurance Gap insurance is the deduction from the car’s value of what you are left to owe on your lease. If you plan on leasing your car, purchasing gap insurance is in the best interest of yours. Suppose your contract enables you to buy the car for $15,000 at the lease’s end, but you damage it before the lease expires. In that case, your insurance company will pay the dealership the car’s current market value. With gap insurance, this difference is covered. Most leases include gap insurance, and the dealer might offer to sell you one, but you’ll likely find cheaper policy options with traditional insurance companies. This small investment is worth the cost and will sort you out if something goes wrong with the vehicle. 3. Don’t Lease the Car for Too Long Ensure your offered lease period is shorter than or matches the car’s warranty period. Different manufacturers offer different warranties, but most generally last up to 36,000 miles or three years. You’ll have to invest in an extended warranty if you decide to keep it for a longer period and to avoid paying for the ensuing repair and maintenance costs in addition to the monthly lease payments. Rather than leasing the vehicle for an extended period, buying the car is better as you might drive it for several years without having to fret over the monthly payments. List down the pros and cons of buying a car vs. leasing it in the long term, and pick the option that saves you more money in the long run. Endnote Leasing a car entails borrowing one rather than buying a new or used vehicle, including an in-depth deal with the leasing company or dealer. There are various factors to consider before you sign off on this long-term commitment, so do your homework, run the numbers, and shop around to depict whether leasing is right for you. As is the case with any financing transaction, a high credit score will help you secure a lower interest rate on your leased car. Read Also: 5 Different Types of Car Accident Claim Knowing Your Vehicle: 5 Maintenance Tips for Porsche Owners Used Cars In Tucson Offer You The Best Range Of Driving Options

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

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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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Navigating The Long Haul: Maintaining Your RV’s Black Tank

Beginners Guide To Buying A Classic Car

How Car Leasing Works And What To Expect

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

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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