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    Introduction of Ferrari: Bibliography

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    Shou Zheng
    Ferrari is an Italian sports car manufacturer founded in 1939 by Enzo Ferrari and based in Maranello, Italy. It built its first car in 1940 and is recognized for completing its first Ferrari-badged car in 1947. Ferrari is known for its racing success in Formula One, holding the most constructors' championships. The company was acquired by Fiat S.p.A. but later spun off, with its shares listing on the New York Stock Exchange, though Piero Ferrari retains a 10% stake. Ferrari road cars are renowned for symbolizing speed, luxury and wealth.

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    Introduction of Ferrari: Bibliography

    Uploaded by

    Shou Zheng
    45 views1 page
    Ferrari is an Italian sports car manufacturer founded in 1939 by Enzo Ferrari and based in Maranello, Italy. It built its first car in 1940 and is recognized for completing its first Ferrari-badged car in 1947. Ferrari is known for its racing success in Formula One, holding the most constructors' championships. The company was acquired by Fiat S.p.A. but later spun off, with its shares listing on the New York Stock Exchange, though Piero Ferrari retains a 10% stake. Ferrari road cars are renowned for symbolizing speed, luxury and wealth.

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    Ferrari is an Italian sports car manufacturer founded in 1939 by Enzo Ferrari and based in Maranello, Italy. It built its first car in 1940 and is recognized for completing its first Ferrari-badged car in 1947. Ferrari is known for its racing success in Formula One, holding the most constructors' championships. The company was acquired by Fiat S.p.A. but later spun off, with its shares listing on the New York Stock Exchange, though Piero Ferrari retains a 10% stake. Ferrari road cars are renowned for symbolizing speed, luxury and wealth.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    45 views1 page

    Introduction of Ferrari: Bibliography

    Uploaded by

    Shou Zheng
    Ferrari is an Italian sports car manufacturer founded in 1939 by Enzo Ferrari and based in Maranello, Italy. It built its first car in 1940 and is recognized for completing its first Ferrari-badged car in 1947. Ferrari is known for its racing success in Formula One, holding the most constructors' championships. The company was acquired by Fiat S.p.A. but later spun off, with its shares listing on the New York Stock Exchange, though Piero Ferrari retains a 10% stake. Ferrari road cars are renowned for symbolizing speed, luxury and wealth.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    of 1

    Introduction of Ferrari

    Ferrari is an Italian sports car manufacturer based in Maranello. Founded by Enzo


    Ferrari in 1939 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. Ferrari is the world's most powerful
    brand according to Brand Finance. In May 2012 the 1962 Ferrari 250 GTO became the
    most expensive car in history, selling in a private transaction for US$38.1 million to
    American communications magnate Craig McCaw. Fiat S.p.A. acquired 50 percent of
    Ferrari in 1969 and expanded its stake to 90 percent in 1988. In October 2014 Fiat
    Chrysler Automobiles announced its intentions to separate Ferrari from FCA; as of the
    announcement FCA owned 90 percent of Ferrari. 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 percent of the shares in an IPO and concurrent listing of common shares on
    the New York Stock Exchange. Through the remaining steps of the separation, FCA's
    interest in Ferrari's business was distributed to shareholders of FCA, with 10 percent
    continuing to be owned by Piero Ferrari. The spin-off was completed on 3 January 2016.
    Throughout its history, the company has been noted for its continued participation
    in racing, especially in Formula One, where it is the most successful racing team, holding
    the most constructors championships and having produced the highest number of winning
    drivers. Ferrari road cars are generally seen as a symbol of speed, luxury and wealth.
    (Robert, 2014)

    Reference

    Bibliography
    Robert, H. (18 February, 2014). Ferrari. Retrieved from
    https://l.facebook.com/l.php?u=https%3A%2F%2Fen.m.wikipedia.org%2Fwiki%2FFerrar
    i&h=3AQFUppb0AQHbgsTTVGpTRjfagpqtQVaHZGQYykWEzh-ZfQ

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