Ferraris are a mystery. They’re the crown jewels of everyone’s Hot Wheels collection from a young age. In simple words, They’re the iconic class and wealth symbol. They’re more than simply automobiles. They are the epitome of strength, agility, and enjoyment. Ferrari has never produced an SUV and is unlikely to do so in the future. Despite their rivals Lamborghini, Maserati, Porsche, and Bentley, who have all produced an SUV, Ferrari has remained true to their “race vehicle” raison d’etre for the last seven decades. As a result, Ferrari is a one-of-a-kind automobile that is quite popular, and it is crucial to know who owns Ferrari. In this article, we will understand Who Owns Ferrari. We will also understand several other important pieces of information about Ferrari.
What is Ferrari?
Ferrari S.p.A., located in Maranello, is an Italian premium sports car company. Enzo Ferrari established Auto Avio Costruzioni in 1939 out from the Alfa Romeo racing business. The business manufactured its first automobile in 1940 and produced its first Ferrari-badged cars in 1947.
What does Ferrari Mean?
The term Ferrari is derived from the name Ferraro, which means “blacksmith.” It is one of the most popular surnames in Italy. Ferrari is derived from the Latin word ferrum, which means “iron.” Given the popularity of the name in Italy, it may be compared to “Smith” in the United States — despite the fact that there are no Smith supercars!
Scuderia Ferrari is the name of Ferrari’s Formula One racing team. Scuderia means “steady” in Italian. There’s a clear link between this and the famed Cavorting Horse logo of the manufacturer. With nearly 90 years of existence, Scuderia Ferrari has been one of the most legendary racing teams in the league.
What does Ferrari Logo Mean?
The “horse stable” (racing team) of Ferrari is represented by the Scuderia Ferrari insignia seen on Ferrari racing vehicles and several of modern road racing cars. Many people are unaware that Enzo Ferrari raced Alfa Romeo vehicles with this logo before to founding Ferrari S.p.A. in 1947 and competing under that name. The 1935 Alfa Romeo Bimotore is a specimen of it now.
Who owns Ferrari?
The Exor owns Ferrari. Thus, one can answer who owns Ferrari is Exor Company. Exor N.V. is a Dutch investment company under the Agnelli family through Giovanni Agnelli B.V., a private equity firm. According to the 2021 Fortune Global 500 List, it had earnings of more than $136 billion in 2021, with a Net Asset Value (NAV) of roughly $32 billion, making it the 37th biggest group in the world by sales. Thus, It has a longstanding experience of investments, including auto and truck makers Stellantis, Ferrari, and CNH Industries, global reinsurance PartnerRe, football club Juventus F.C., worldwide daily The Economist, and Italian media business GEDI.
Senator Giovanni Agnelli formed the firm on July 27, 1927, underneath the name Istituto Finanziario Industriale, with the goal of consolidating all of his stock holdings, mostly in the manufacturing industry, into a single entity.
In 1957, IFI took over the Istituto Commerciale Laniero Italiano. It was a financial institution that specialized in the textile and wool industries. Furthermore, It was renamed Istituto Bancario Italiano Laniero in 1963 when it expanded its operations to include banking. Interestingly, Giovanni Agnelli B.V. a family business controls 52.99 percent of the company’s stock.
How much is a Ferrari?
The most affordable Ferrari automobile in India is the Portofino, which costs 3.50 crores, while the most costly Ferrari car in India is indeed the SF90 Stradale, which costs 7.50 crores. The F8 Tributo is the latest model in the Ferrari series, and it costs $4.02 million. The other price list answering How much is a Ferrari is as follows.
- 2021 Ferrari 812 Superfast (Starts at $350,000 )
- Similarly, 2021 Ferrari 812 GTS (Starts at $363,730 )
- 2021 Ferrari SF90 Stradale (Starts at $507,000)
- 2021 Ferrari SF90 Spider (Starts at $557,000)
- Furthermore, 2021 Ferrari F8 Tributo (Starts at $276,000)
- 2021 Ferrari F8 Spider (Starts at $274,000)
- 2021 Ferrari 488 Pista (Starts at $350,000 )
- However, 2021 Ferrari 488 Pista Spider starts at $350,000
- 2021 Ferrari Roma (Starts at $222,630)
- 2021 Ferrari Portofino M (Starts at $245,000)
- Next, The latest 2021 Ferrari Monza SP1 Starts at $1,000,000.
- 2021 Ferrari Monza SP2 (Starts at $1,000,000 )
History of Ferrari
Enzo Ferrari began his career as a racing driver in Modena, Italy, in 1898. He became an Alfa Romeo racer in the 1920s and won numerous races, notably the 2nd Circuito di Modena. Ferrari established the Scuderia Ferrari in 1929, which is still the company’s official racing car branch. However, it originated as a branch of Alfa Romeo dedicated to producing race vehicles for gentleman drivers. This occurred during a period when sports car racing was becoming increasingly popular as a pastime for the wealthy and connected, we’re also the only ones who could easily buy it. Enzo finished second at the Circuito Tre Province in 1931, his final race as a racer.
Enzo came second in the Circuito Tre Province in 1931, his final race. He intended to devote his time to his household and the parenthood of his first child, Alfredo, also known as Dino. However, he did continue to work for Scuderia and produce Alfa Romeo automobiles until 1939. He quit his post as Head of Alfa Corse in September of the same year to start his own automotive firm, Auto Avio Costruzioni, in Modena, Italy. However, He was compelled to refrain from using the Ferrari name in connection with any of his vehicles or races for at least four years following his departure as a condition of his leave. The firm’s name did not change to Auto Costruzioni Ferrari in accordance with the agreement. However, it was valid only until 1957, when the first car to bear the name Ferrari was released the Ferrari 125 S.
Conclusion – Who Owns Ferrari
In conclusion, Ferrari primarily relates with its emblem, the Cavallino Rampante or prancing horse, and its brilliant red color, in addition to manufacturing some of the greatest and fastest automobiles in history. The red hue was just a matter of convention. Global auto racing vehicles from Italy were mandated to be colored red by law. That was no longer essential after the 1960s, but Ferrari wanted to celebrate the heritage and preserve it. It has become a component of the entire image of the company. Also, now you know who owns Ferrari. Thus, if you have any other questions relating to Ferrari you can comment down and we will find the answers for you.
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