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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The Main Reasons Why Cabover Trucks Are Less Common Than Long Hood Rigs

If you’re not familiar with the term cabover trucks, perhaps you will recognize these trucks by their full name, cabin over engine trucks. Or perhaps you don’t know much about them at all. No wonder, seeing how they’ve become far less common after 1976 after some regulatory changes made longer trucks an option. We reached to a reliable truck manufacturer that was around to see these trucks come and go, to tell us more about this truck type, its advantages and disadvantages, and why it is no longer as popular. Why They Were Popular In the 1950s, 1960s, and 1970s, the length regulations for the trucks dictated the maximum length of 65 feet (both truck and trailer). In 1976, as 75 feet became the norm, these trucks were gradually phased out by long hood trucks. Keep in mind that this trend is only present in North America, as Europe largely still uses cabover trucks for several reasons, with maneuverability being one of the most important ones. Elegant car seat pillow to keep you cool even on hot summer days. Maneuverability Due to the shorter axis distance, these trucks are a lot simpler and easier to maneuver. Backing up in narrow loading docks and changing lanes in heavy traffic is a lot simpler. The position of the driver at the very front of the vehicle also facilitates maneuverability as it gives the driver better visibility. As both roads and streets in Europe tend to be smaller and narrower, trucking companies there still prefer this type of truck. In fact, in some European countries which are more flat and open, like the Netherlands, long hood trucks can also be found. Fuel Efficiency Even though most people think that the more aerodynamic shape of the long hood trucks makes them more efficient, the simple truth is that European trucks are smaller and more efficient. In addition, more stringent emissions regulations in the European Union has forced manufacturers to make trucks more fuel-efficient compared to the US and Canada. In this case, it is not the shape of the truck, but the region where they are prevalent that led to the increased fuel efficiency. Lacking Safety Even though there are some clear advantages of having the driver in the very front of the vehicle, there are also some disadvantages. One of the clearest faults of a cabover is that the driver is far more vulnerable in case of an accident – there’s less truck between the driver and the impact. Despite the fact that modern cabovers have numerous protection advancements compared to the older models, they still fall flat compared to the long hood trucks. Lack of Comfort during Long Rides Another big disadvantage of a cabover, especially for the long haul is the less comfortable ride compared to the competitors. The shorter wheelbase is typically cited as the main reason why the ride is not as cushy as in a long hood. However, there is another important reason – in a cabover, your driver’s seat is directly on top of a wheel, making all the bumps much more visceral. There was an attempt by the manufacturers to resolve this problem, but it resulted in more expensive vehicles – just one more reason why they were gradually replaced by the long hoods. Which Are Better, Then? It is really difficult to pick one over the other – different businesses may prefer different trucks, preferring the fuel economy and maneuverability of a cabover or the safety and comfort of a long hood truck. It is always best to choose the truck based on your needs and your business model, which is why both types of trucks still exist and are available for purchase. Read Also: What to Consider When Buying Heavy Duty Truck Alignment Equipment How Crane Trucks Can Drastically Improve Project Efficiency 7 Ways Truck Accidents Differ from the Regular Car Crashes

How to Check If Your Car Tires Are Good

Around this time every year, car owners start to think about their tires. Should you change your tires now or wait until spring? Even if you’re ready to make that decision, how can you tell if your tires are in good condition? Many factors contribute to the condition of your wheels. Do you frequently drive into potholes? Have you considered the climate? For instance, winter tires wear faster than regular ones. Even if you hardly drive your car, how do you store the tires? Elements like age and heat can damage your tires regardless of usage. They technically start wearing out the second you drive out of the tire shop. Leaving your tires until next season can weaken their function. Avoid waiting until they burst in traffic before taking the necessary steps. Instead, get new tires as replacements when you notice the old ones start to deteriorate. Find out how to check if your car tires are good with these guidelines. Check the Tread Depth Just as your workout shoes wear out after several runs, your tires also take a beating after each drive. Regular car tires have different patterns marked on the surface. They also have deep ridges that help drivers grip the road while in motion. The tread depth measures the vertical length from the tire surface to the bottom of each tread. New tires have a tread depth of 10/32 inches. The longer you drive, the shallower the depth. The standard for used tires is 6/32 inches. Do your tire patterns feel smoother than usual? The tread depth is an easy DIY method to determine if you still have good tires. You can calculate the measurement in two ways using the tread depth gauge or silver coin. For the second test, insert a dollar coin into one of the grooves with the icon’s head facing down. If you can spot the entire part of the head, consider replacing your tires. However, the gauge is the most efficient method since it provides accurate measurements. A value lower than 5/32 indicates that you no longer have good tires. Similar Reads: Surprising Luxurious Car Designs How Old Are The Tires? Many drivers hold a sentimental value to tires that come with their cars. So they hold on to them longer than they should. Even if you don’t drive frequently, your tires have a fixed lifespan of five years. Rubber starts to decompose after a few years, regardless of the condition. Storing your tires through the winter could further damage them. You can determine the tire’s age by observing the four numbers imprinted on it called the DOT number. They contain relevant information like the week and year of manufacture. The first two numbers represent the week, while the last two indicate the year. A recent manufacture date aging not up to five years means you still have good tires. Tire Inflation Tires deflate slowly after each drive, as they lose up to one pound per square inch (psi) on average. Proper tire pressure keeps them inflated and lowers your fuel usage. Is your car consuming more fuel than usual? You might need to check if there’s adequate air in your tires. Since different cars have designated inflation pressure values of about 32 - 35 psi, you’ll need a pressure gauge. You can also find this measurement on the sticker behind your driver’s seat. Leave your car to rest for at least three hours and insert the gauge into the valve stem. If you get a higher number, let out the air until you get the correct value. For lower pressure, consult your mechanic to find out if you need new tires. Similar Reads: Major Car Maintenance Tips Evaluate The Motor Oil Have you noticed multiple signs of wear and tear on other vehicle parts? There’s a chance your engine oil needs replacement. The motor oil lubricates the engine parts and helps you have a smoother drive. Dirty oil impedes the engine’s functions and strains the wheel while driving. The more you struggle to steer, the worse the damage to your tires. Physical Condition As mentioned earlier, rubber decomposes after its set lifespan. Another way to determine the car’s tire quality is to inspect its physical condition. Do you feel bumps and scrapes on the tread wall? Even if you don’t find blisters, lookout for signs of rot like cracks and discoloration. The cuts resemble veins and make your tires look brittle. Avoid driving with decomposed tires since they lose air pressure. Wheel Balance Unless you’re driving over endless potholes, your car shouldn’t vibrate in traffic. Maybe you have a deep tread in your tires. But that doesn’t explain why you keep losing control of the steering wheel. Occurrences like this mean you possibly have damaged tires. To determine if you still have good tires, have your mechanic check out the wheel balance. Read Also: Rochester Buick GMC Buying Tips When Wanting A New Car The Decline of Cars Sales Has Led to an Increase of Motorcycles in the UK How To Choose The Best Wheels And Tires For Your Vehicle 2022 Car Models Drivers Crave – What’s on Your Radar?

How To Shop For A Car With Your Teen Driver?

For most parents, buying a car for their teenager is a necessity to encourage independence and free up your schedule from having to drive them everywhere. Guess what? Your child feels the same. Upon receiving their driving license, they cannot wait to put those skills to good use. If your teen is not persistently nagging you for a set of wheels, count yourself lucky! Pondering what type of car to buy can become an arduous task and may often lead to frustration. Selecting the perfect car model to gift your teenager is further complicated with varying tastes. You, being the parent, wish to find an economical car that is safe to drive. If you are planning to buy a car for your teen, you have probably encountered different opinions that left you a tad confused. In this article, we aim to share insights on how to shop for a car with your teen driver. 1. Prepare A Budget While buying a car for your teen is an adventure, do not get carried away by expensive models at your local dealership. Start by deciding how much money is available to spend. Think about other pressing needs in the future while allocating the family budget. Remember, college tuition is right around the corner. Discuss the final budget with your teen and explain the argument behind it. Talk about the various options that can fit your budget. Old cars are cheaper, while new vehicles may not need much maintenance. Understandably, your teen may be upset if they expected a fancy ride only to have the budget slashed by half. Reason with them and reach a compromise. 2. Safety Features When choosing between different car models, safety should be the top of the list of concerns. You want your child to be safe as they drive to school or their summer job at the local fast-food joint. Inspect the car to ensure it has updated safety features such as electronic stability control and front and side airbags. Even the best-trained drivers can get into a fender bender in traffic or worse, a car wreck on the highway. Naturally, you fear more for your teen as they are new to driving and you want to be sure they are safe while on the road. Request the dealer to give you the car safety report that indicates what happens in the event of an accident. Do not forget to purchase sound insurance over. Compare different options and select wisely. 3. Other Features Once you have the handle on safety, you can get down to the fun part. Your teen is likely to suggest a car with modern interiors and high-quality sound. If you are buying an old car, they may not have advanced features that your child desires such as door speakers for bass. No worries, you can install quality door speakers at an affordable price. This upgrade is bound to make your teen happy! 4. Establish Ground Rules As you may have observed, teenagers are prone to distractions even while doing mundane tasks like watering the plants, washing the family dog or even putting cereal in a bowl. Do not fault them; their frontal lobes are still developing. Driving a car is not a mundane task. Each time you get behind the wheel, you stand the risk of getting involved in minor or major accidents. Your newly minted teen driver needs to understand that owning and operating an automobile calls for a high sense of responsibility at all times. Make it crystal clear that they are not allowed to take calls, read or respond to messages or any social media. All this can wait till they get to their destination safely. Agree on what time they need to get home by and the consequences of failing to adhere to stipulated curfews. As difficult as it may sound, your teen could easily be drinking behind your back. Add this to the column of DONT'S! Drunken driving will not only earn them a DUI and probably ruin their chances of getting into a good college; it can cause permanent damage or worse. Conclusion Buying a car for your teen can be difficult with the different choices available. Make a list of possible models they are interested in and investigate each model. Bring your teen to the dealership, so that they can get firsthand information from a car expert. Be open to making a few adjustments like installing door speakers for bass, so your teen can enjoy his favorite jams. Read More: Invest In A New Car, Without A Financial Liability Will Self-Driving Cars Replace Human Error? Tips To Keep Your Kids Safe In A Car Turn The Tables For Helpless Children With Car Donation In New Jersey

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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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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The Main Reasons Why Cabover Trucks Are Less Common Than Long Hood Rigs

How to Check If Your Car Tires Are Good

How To Shop For A Car With Your Teen Driver?

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