Ferrari

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This article is about the automobile manufacturer. For Ferrari road-models produced, see List of Ferrari
road cars. For the 2003 biographical film, see Ferrari (film). For other uses of the name, see Ferrari
(disambiguation).

"Ferraris" redirects here. For the surname, see Ferraris (surname).

Ferrari N.V.

Ferrari-Logo.svg

Native name

Ferrari N.V.

Type

Public

Traded as

BIT: RACE

NYSE: RACE

FTSE MIB Component (BIT)

Industry Automotive

Founded 13 September 1939; 80 years ago in Modena, Italy (as Auto Avio Costruzioni)[1]

Founder Enzo Ferrari

Headquarters

Amsterdam, Netherlands (de jure)

Maranello, Emilia-Romagna, Italy (de facto)

Area served

Worldwide

Key people
John Elkann (Chairman)

Piero Ferrari (Vice Chairman)

Louis Camilleri (CEO)

Products Sports cars

Production output

Increase 9,251 units (2018)

Revenue Increase €3.417 billion (2017)

Operating income

Increase €775 million (2017)

Net income

Increase€537 million (2017)

Total assets Decrease €4.141 billion (2017)

Total equity Increase €779 million (2017)

Owners

Exor N.V. (22.91%)

Piero Ferrari (10.00%)

Public (67.09%)

Number of employees

3,336 (2017)

Subsidiaries Ferrari S.p.A.

Scuderia Ferrari S.p.A.

Website ferrari.com

Footnotes / references

[2]

Ferrari (/fəˈrɑːri/; Italian: [ferˈraːri]) is an Italian-Dutch luxury sports car manufacturer based in
Maranello. Founded by Enzo Ferrari in 1939 out of Alfa Romeo's race division as Auto Avio Costruzioni,
the company built its first car in 1940. However, the company's inception as an auto manufacturer is
usually recognized in 1947, when the first Ferrari-badged car was completed.

In 2014 Ferrari was rated the world's most powerful brand by Brand Finance.[3] In June 2018, the 1963
250 GTO became the most expensive car in history, setting an all-time record selling price of $70 million.
[4][5]

Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988.[6] In October 2014
Fiat Chrysler Automobiles N.V. (FCA) announced its intentions to separate Ferrari S.p.A. from FCA; as of
the announcement FCA owned 90% of Ferrari.[7][8][9] The separation began in October 2015 with a
restructuring that established Ferrari N.V. (a company incorporated in the Netherlands) as the new
holding company of the Ferrari group and the subsequent sale by FCA of 10% of the shares in an IPO and
concurrent listing of common shares on the New York Stock Exchange.[10] Through the remaining steps
of the separation, FCA's interest in Ferrari's business was distributed to shareholders of FCA, with 10%
continuing to be owned by Piero Ferrari.[11] The spin-off was completed on 3 January 2016.[10]

Throughout its history, the company has been noted for its continued participation in racing, especially
in Formula One, where it is the oldest and most successful racing team, holding the most constructors
championships (16) and having produced the highest number of drivers' championship wins (15).[12]
Ferrari road cars are generally seen as a symbol of speed, luxury and wealth.[13]

Contents

1 History

2 Motorsport

2.1 Scuderia Ferrari

2.2 Race cars for other teams

3 Road cars

3.1 Current models

3.2 Customization

3.3 Supercars
3.4 Concept cars and specials

3.4.1 Ferrari Special Projects

3.5 Bio-fuel and hybrid cars

3.6 Naming conventions

4 Identity

4.1 Colour

5 Corporate affairs

5.1 Formula Uomo programme

5.2 Technical partnerships

5.3 Sales history

6 Stores

7 See also

8 Notes

9 References

10 External links

History

Main article: History of Ferrari

Enzo Ferrari during a rare interview, with the Ferrari's symbol Cavallino Rampante ("prancing horse")
behind him.

Enzo Ferrari was not initially interested in the idea of producing road cars when he formed Scuderia
Ferrari in 1929, with headquarters in Modena. Scuderia Ferrari (pronounced [skudeˈriːa]) literally means
"Ferrari Stable" and is usually used to mean "Team Ferrari." Ferrari bought,[citation needed] prepared,
and fielded Alfa Romeo racing cars for gentleman drivers, functioning as the racing division of Alfa
Romeo. In 1933, Alfa Romeo withdrew its in-house racing team and Scuderia Ferrari took over as its
works team:[1] the Scuderia received Alfa's Grand Prix cars of the latest specifications and fielded many
famous drivers such as Tazio Nuvolari and Achille Varzi. In 1938, Alfa Romeo brought its racing operation
again in-house, forming Alfa Corse in Milan and hired Enzo Ferrari as manager of the new racing
department; therefore the Scuderia Ferrari was disbanded.[1]
In September 1939, Ferrari left Alfa Romeo under the provision he would not use the Ferrari name in
association with races or racing cars for at least four years.[1] A few days later he founded Auto Avio
Costruzioni, headquartered in the facilities of the old Scuderia Ferrari.[1] The new company ostensibly
produced machine tools and aircraft accessories. In 1940, Ferrari produced a race car – the Tipo 815,
based on a Fiat platform. It was the first Ferrari car and debuted at the 1940 Mille Miglia, but due to
World War II it saw little competition. In 1943, the Ferrari factory moved to Maranello, where it has
remained ever since. The factory was bombed by the Allies and subsequently rebuilt including works for
road car production.

125 S replica

166 MM Touring Barchetta

The first series produced Ferrari, the 1958 250 GT Coupé

The first Ferrari-badged car was the 1947 125 S, powered by a 1.5 L V12 engine;[1] Enzo Ferrari
reluctantly built and sold his automobiles to fund Scuderia Ferrari.[14]

The Scuderia Ferrari name was resurrected to denote the factory racing cars and distinguish them from
those fielded by customer teams.

In 1960 the company was restructured as a public corporation under the name SEFAC S.p.A. (Società
Esercizio Fabbriche Automobili e Corse).[15]

Early in 1969, Fiat took a 50% stake in Ferrari. An immediate result was an increase in available
investment funds, and work started at once on a factory extension intended to transfer production from
Fiat's Turin plant of the Ferrari engined Fiat Dino. New model investment further up in the Ferrari range
also received a boost.
In 1988, Enzo Ferrari oversaw the launch of the Ferrari F40, the last new Ferrari launched before his
death later that year. In 1989, the company was renamed Ferrari S.p.A.[15] From 2002 to 2004, Ferrari
produced the Enzo, their fastest model at the time, which was introduced and named in honor of the
company's founder, Enzo Ferrari. It was to be called the F60, continuing on from the F40 and F50, but
Ferrari was so pleased with it, they called it the Enzo instead. It was initially offered to loyal and
recurring customers, each of the 399 made (minus the 400th which was donated to the Vatican for
charity) had a price tag of $650,000 apiece (equivalent to £400,900).

On 15 September 2012, 964 Ferrari cars worth over $162 million (£99.95 million) attended the Ferrari
Driving Days event at Silverstone Circuit and paraded round the Silverstone Circuit setting a world
record.[16]

Ferrari's former CEO and Chairman, Luca di Montezemolo, resigned from the company after 23 years,
who was succeeded by Amedeo Felisa and finally on 3 May 2016 Amedeo resigned and was succeeded
by Sergio Marchionne, CEO and Chairman of Fiat Chrysler Automobiles, Ferrari's parent company.[17] In
July 2018, Marchionne was replaced by board member Louis Camilleri as CEO and by John Elkann as
chairman.[18]

On 29 October 2014, the FCA group, resulting from the merger between manufacturers Fiat and
Chrysler, announced the split of its luxury brand, Ferrari. The aim is to turn Ferrari into an independent
brand which 10% of stake will be sold in an IPO in 2015.[19] Ferrari officially priced its initial public
offering at $52 a share after the market close on 20 October 2015.[20]

Motorsport

For a complete list of Ferrari racing cars, see List of Ferrari competition cars.

Ferrari 312T2 Formula One car driven by Niki Lauda

Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of
categories including Formula One and sports car racing through its Scuderia Ferrari sporting division as
well as supplying cars and engines to other teams and for one-make race series.

1940 AAC 815 was the first racing car to be designed by Enzo Ferrari, although it was not badged as a
Ferrari model.
Scuderia Ferrari

Main article: Scuderia Ferrari

Scuderia Ferrari has participated in several classes of motorsport, though it is currently only officially
involved in Formula One. It is the only team to have competed in the Formula One World Championship
continuously since its inception in 1950. José Froilán González gave the team its first F1 victory at the
1951 British Grand Prix.

Ferrari SF15-T (2015)

Alberto Ascari gave Ferrari its first Drivers Championship a year later. Ferrari is the oldest team in the
championship, and the most successful: the team holds nearly every Formula One record. As of 2014,
the team's records include 15 World Drivers Championship titles, 16 World Constructors Championship
titles, 221 Grand Prix victories, 6736.27 points, 679 podium finishes, 207 pole positions, and 230 fastest
laps in 890 Grands Prix contested. Of th