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's headquarters in Maranello

Type Public (N.V.)
 BIT: RACE
 NYSE: RACE
Traded as  FTSE MIB Component
(BIT)

Industry Automotive
13 September 1939; 81 years ago
Founded in Modena, Italy (as Auto Avio
Costruzioni)[1]
Founder Enzo Ferrari
 Amsterdam, Netherlands
(de jure)
Headquarters  Maranello, Emilia-
Romagna, Italy (de facto)

Area served Worldwide

Key people  John Elkann (Chairman,
Interim CEO)
  Piero Ferrari (Vice
Chairman)

Products Sports cars

Production
10,131 units (2019)
output
Revenue €3.767 billion (2019)
Operating
€917 million (2019)
income
Net income €699 million (2019)
Total assets €5.446 billion (2019)
Total equity €1.487 billion (2019)
 Exor N.V. (22.91%)
Owners  Piero Ferrari (10.00%)
 Public (67.09%)

Number of
4,164 (2019)
employees
 Ferrari S.p.A.
Subsidiaries  Scuderia Ferrari S.p.A.

Website www.ferrari.com
Footnotes / references
[2]

Ferrari (/fəˈrɑːri/; Italian: [ferˈraːri]) is an Italian luxury sports car manufacturer based in

Maranello, Italy. Founded by Enzo Ferrari in 1939 out of the Alfa Romeo 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 as 1947, when the first Ferrari-
badged car was completed.

Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988.[3] In
October 2014, Fiat Chrysler Automobiles (FCA) announced its intentions to separate Ferrari
S.p.A. from FCA; as of the announcement FCA owned 90% of Ferrari.[4][5][6] 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.[7] 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.[8] The spin-off was completed on 3 January 2016.[7]

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).[9] Ferrari road cars are generally seen as a symbol of speed, luxury
and wealth.[10] Ferrari cars are built at the 165,000 square-meter (16.5-hectare) Maranello
factory.[11] In 2014 Ferrari was rated the world's most powerful brand by Brand Finance.[12] In
June 2018, the 1963 250 GTO became the most expensive car in history, setting an all-time
record selling price of $70 million.[13][14]