Ferrari

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From Wikipedia, the free encyclopedia

This article is about the automobile manufacturer. For Ferrari road-models produced,
see List of Ferrari road cars. For the Formula One team, see Scuderia Ferrari. For the
2003 biographical film, see Ferrari (film). For the founder, see Enzo Ferrari. For other
uses, see Ferrari (disambiguation).
"Ferraris" redirects here. For the surname, see Ferraris (surname).

Ferrari S.p.A.

Headquarters in Maranello

Type Public (S.p.A.)

Traded as  BIT: RACE
 NYSE: RACE
 FTSE MIB Component

ISIN NL0011585146 

Industry Automotive
Founded 13 September 1939; 83 years ago in Modena,
Italy (as Auto Avio Costruzioni)[1]

Founder Enzo Ferrari

Headquarters  Maranello, Emilia-Romagna, Italy
 Modena, Emilia-Romagna, Italy (seat)
[2]

44.532447°N 10.864137°ECoordinates: 
44.532447°N 10.864137°E

Area served Worldwide

Key people  John Elkann

(Executive Chairman)
 Piero Ferrari
(Vice Chairman)
 Benedetto Vigna
(CEO)

Products Sports cars

Production output  11,155 units shipped (2021)[3]

 €4.27 billion (2021)[3]
Revenue

Operating income  €1.07 billion (2021)[3]

Net income  € 833 million (2021)[3]

 € 6.86 billion (2021)[3]
Total assets
 € 2.21 billion (2021)[3]
Total equity

Owners  Exor N.V. (24.21%)[3]

 Piero Ferrari (10.30%)[3]
 Public (65.49%)

Number of  4,571 (2021)[3]
employees

Parent Ferrari N.V.

Subsidiaries  Scuderia Ferrari S.p.A.

Website www.ferrari.com

Footnotes / references
[3][4]
Ferrari S.p.A. (/fəˈrɑːri/; Italian: [ferˈraːri]) is an Italian luxury sports car manufacturer
based in Maranello, Italy. Founded by Enzo Ferrari (1898–1988) in 1939 from the Alfa
Romeo racing division as Auto Avio Costruzioni, the company built its first car in 1940,
and produced its first Ferrari-badged car in 1947.
Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. [5] 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. [6][7][8] 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
S.p.A. group,[9] 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 the 3rd of 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] Ferrari cars are built at the 165,000
square-metre (16.5-hectare) Maranello factory.[14] In 2014 Ferrari was rated the world's
most powerful brand by Brand Finance.[15] As of 2021, Ferrari is the 10th-largest car
manufacturer by market capitalisation, with $52.21 billion.[16]