In 1963, Enzo Ferrari sold a 50% stake in his company to Fiat, and in 1969 Fiat took full control. Today, Ferrari is a subsidiary of Fiat Chrysler Automobiles (FCA). So, who owns Ferrari? Fiat Chrysler Automobiles (FCA) is an Italian-American multinational corporation and is the world’s seventh-largest automaker. FCA is headquartered in London and has its administrative headquarters in Auburn Hills, Michigan.
As of 2014, FCA employed more than 280,000 people worldwide. In May 2014, Fiat SpA announced its intention to separate Ferrari S.p. A. from FCA which would make them their own independent company while still being owned by what was once referred to as Fiat. After the separation – with completion on October 14th of this year – Ferrari became an independent company; making them no longer owned or affiliated with either Fiat or FCA.
Ferrari is a well-known brand name, regardless of whether you’re an auto enthusiast or not. It’s hard to miss the iconic red exterior with the famous prancing horse logo beneath the Italian flag (Which many American entrepreneurs purchase). Generally speaking, though, most people only know it as far as its look and speed capabilities are concerned – they don’t know much about its history at all.
When I’m talking to someone who knows every detail behind American car brands such as Ford, Chrysler, or Plymouth; if I mention Ferrari, they won’t really have any clue what kind of car we’re talking about. Most people probably haven’t even heard anything about modern day Ferrari – things such as who currently owns the company. With this article – which hopefully sheds some light on these facts for anyone interested in this particular car brand – I hope to change that slightly.
FERRARI: THE CURRENT STATE OF OWNERSHIP
As of today, Ferrari is still seen as a mainstay in automobile-manufacturing. In 1969 it all started with Fiat buying out the company, which until last year meant that they had majority stake and investorships in the car manufacturer. Still though – if anything other than high-quality sports cars were required for manufacturing – there would have been problems since, during all those years under Italian management, no steps were taken to interfere with production quality – because letting go and trusting others who know more about things are something Italians tend not to do.
- 67.09% Public
- 22.91% Exor N.V.
- 10.00% Piero Ferrari
Most people mistake the fact that Fiat continues to hold a large portion of voting rights for Ferrari as if they own them. However, considering over 50% of shareholders are public, it would be fair to say that Ferrari is actually an independent company – which I don’t know about you but certainly makes me feel good about buying one!
Who Is The Current Owner Of Ferrari?
In terms of ownership, the Ferrari Group is owned by 67 19% of the general public. Exor N.V. (Owners) owns 9.9% of Piero Ferrari (9.1% of Exor N.V.’s wealth). Wealthy Americans are drawn to buy this car due to its speed, performance and beauty, yet they may not know that it is primarily known for these qualities first and foremost. When examining the history of the company, one can see that they were once publicly traded but now operate independently as an NV Company – all while retaining their original FCA stake at 20%.
Furthermore, three years after this shift occurred in late 2016, there was an indication that he had raised about half his capital through public stock shares – thus making him fully independent from any other financial sources when considering future investments or decisions in regards to his legacy-run business ventures like his ferreti group brands.
After Fiat Chrysler Automobiles’ recent announcement to split off its subsidiary, Ferrari S.p.A., there is no end to the ongoing debates and contemplation over what this means for the brand’s future and direction. Many people are wondering if it would be beneficial or detrimental at all. And despite being seemingly threatened by the news, most of the company still belongs to founders Piero Ferrari and Exor N.V – who are both descendants from brothers old Enzo Ferrari – with a minority stake claimed by FCA (Fiat Chrysler Automobiles).
FERRARI IN 2022
This brand’s ownership seems like it would be a rather complicated thing to figure out, given the fact that its history dates back many decades. However, there are certain aspects of it which remain unchanged even today – chiefly among them, that cars bearing the Ferrari logo continue to be manufactured in Italy, in Maranello.
In addition, all Ferraris come equipped with handmade features and lack most modern conveniences such as automated processes; yet despite these facts (or maybe because of them?), they remain one of the world’s top sellers. In reality though, Ferrari didn’t officially become an automaker until Enzo Ferrari began selling vehicles under his namesake in 1947 – which came at some point after he had already built himself up through racing.
Ferrari’s Ownership History
Enzo Ferrari started an automobile manufacturing company called Alfa Romeo Scuderia back in 1939 which specialized in racing cars; but he left the partnership soon after WWII ended due to some disputes, so he created an automotive manufacturing company of his own named ‘Ferrari’.
His first Ferrari branded vehicle came out in 1947. By 1960 it had been publically traded under the name SEFAC S.p.A., or Società Esercizio Fabbriche Automobili e Corse – where Fiat purchased shares of Ferrari stocks and financed them heavily over the years until they finally gained controlling interest over the now internationally recognized car brand.
Does Fiat Own Part Of Ferrari?
While Fiat Chrysler Automobiles do not own any part of Ferrari, they are interconnected through the presence of head executive Sergio Marchionne; who takes up the titles of Chairman and CEO for both companies. He often manages day-to-day operations at both corporations to keep them running smoothly; he knows what it takes to hold them all together when others would want to tear them apart.
This duality can be seen in many aspects, from the fact that Ferrari’s headquarters is actually located in Italy – yet it has a big hand in US car production – but other than its connection with another iconic Italian automobile brand and some similarities between its products, there is little overlap or resemblance between these two manufacturers.
The Italian automobile company, Fiat S.P.A., purchased a controlling share of 50% of Ferrari back in 1969; consequently making them a part of their much-loved sports car division. One can look at some of these earlier years’ various driving successes through the lens of many fun rides such as; for example, The California’s. It was led by one man in particular – Luca di Montezemolo who served as president from 1991 to September 2014 – during which time they grew globally expanding their portfolio alongside the rest of FCA (Fiat-Chrysler) with 60.5%. After pulling apart ties it created another new entity in order to manage itself without interference with U2 Holandia acting as its parent company – per se’ being treated as legally recognized in Holland under its corporation status within Netherland law.
The Ferrari Alfa Romeo Connection
Ferrari does not own Alfa Romeo, though the companies have a long history together. A subsidiary of Fiat Chrysler, or FCA for short, owns Alfa Romeo; but both brands used to exist as one unified entity at one point in time. Though Enzo Ferrari started racing under the banner of Alfa Romeo way back in 1920 – it wasn’t until 1929 when he founded Scuderia Ferrari and made them officially an extension of Alfa Romeo’s operations.
Later on, during the Second World War, Italian racer Alberto Ascari took over from where Ferrari had left off before he could return from exile, winning two world titles for himself during this time period. He didn’t even come close to taking home third title though because there was nobody who could challenge him at that point.
Ferrari Shareholders: What Company Owns Ferrari?
- Public (67.09%)
- Exor N.V. (22.91%)
- Piero Ferrari (10%)
The primary owners of Ferrari are the public, with Piero Ferrari- Enzo’s second son- holding a significant ownership stake as well. Additionally, Exor N.V., which is controlled by descendants of one of Fiat’s original founders and founder Gianni Agnelli himself – owns shares in the company.
Ferrari has a history that can be traced back for more than 90 years. It remains a true contender when it comes to cars but also prides itself on being one of the oldest organizations in the Formula 1 racing circuit. Despite this success and notoriety, Ferrari remains small compared to other major car manufacturers such as Toyota or General Motors. Their limited production numbers show in their valuation: by market capitalization, they are amongst the top ten largest automakers worldwide with an estimated worth of over $51 billion.
Fiat Chrysler To Sell Ferrari In Order To Raise Capital
In October 2014, Sergio Marchionne – CEO of Fiat Chrysler Automobiles – announced plans to separate Ferrari from its mass-market parent. The plan was to value the luxury brand and distinguish it from other brands. As part of the new merged automakers’ capital plan, Fiat Chrysler said it was spinning off Ferrari. To be able to sell Ferrari to Fiat, a number of factors must be considered; but most importantly, establishing a Business Plan for 2014-2018 and maximizing value for shareholders is necessary.
Marchionne denies the company’s intention to sell off Ferrari was due to its performance or the competiton around them. Lately, there have been a series of less-than-spectacular products released, which has impacted sales. Yet, Sullivan assures us that this does not necessarily mean the brand is in jeopardy or isn’t worth owning. Despite decreasing revenue from an ever-growing list of competitors in different shapes and sizes – he still believes that Ferrari will continue to make money just because it is exclusive and produces high quality items.
The sale of Ferrari appears negative when taken out of context; however when looked at from inside Marchionne’s point-of-view – he sees how beneficial it is for the company and investors alike since they would like nothing more than for profits to increase.
FERRARI: A SMALL VOLUME BRAND
A majority of the world’s major automobile manufacturers produce millions of vehicles annually, but there are a few exceptions such as Aston Martin, McLaren, Pagani and Wiesmann who manufacture fewer than 10.000 units per year. These brands focus on performance and quality rather than quantity and often partner together to stay competitive in the automotive industry.
Ferrari is also classified as a small volume manufacturer; however it does not provide specific data when asked about how many cars they manufacture yearly, unlike other manufacturers which list this information publicly at dealerships around the world. The average annual figure for a Ferrari ranges anywhere between 500-7000 models or approximately 1% of its total production numbers over the last ten years – still very low compared to most other comparable luxury automakers today.
Fascinatingly, this concealment of crucial numbers is not something the company does for purely economical reasons. In fact, it’s just one of many peculiarities which makes Ferrari stand apart from other car manufacturers. Anyone who has bought a model would agree that the experience is nothing short of amazing. Add to the equation that they are still one of the most popular supercars on Earth and you can understand why some people want to own a model.
How Rich Is The Owner Of Ferrari?
Born in the land where his family made their legacy, Piero Ferrari has seen this company go from what was once just a small garage workshop to now its own Manhattan stock exchange. With 10% ownership of the company, who wouldn’t want him at their side. But what else does this ‘family business’ run? A racecourse for some old-fashioned racing? Not so much. After all, these days you’re more likely to find a ride-sharing app than an orange speedster at the grocery store; but don’t let that fool you.
Not everyone knows that there are still plenty of Ferraris being driven around town every day – albeit ones with leather seats and four doors instead of three pedals and two seats – as they transport businessmen and government officials or speed across estates out west while carrying gangsters’ prized goods…
There are probably many people in the world who own a Ferrari. It has long been associated with luxury and power, and many people enjoy driving it because they appreciate high-quality vehicles. The car has had a very interesting history; while at first it was popular only among the wealthy, its popularity slowly grew to include other different types of people – from everyday folk, to celebrities. Ferraris are made very well, highly prestigious, and can’t go wrong for just about anyone out there looking for an expensive vehicle.
FAQs About Who Owns Ferrari
FAQs About Who Owns Ferrari
It was only natural that Henry Ford would look to buy Ferrari. As one of the wealthiest men at the time, it made perfect sense that he wanted his name linked with one of Europe’s most prestigious car manufacturers. He had approached Enzo Ferrari himself – even going so far as to audit their books before making a final decision about purchasing them – but unfortunately found out later that there was an insistence for him to step down from any responsibility associated with race cars because it had been stated in his contract.
Does Ferrari Own Alfa Romeo?
Alfa Romeo isn’t owned by Ferrari; in fact, they are presently controlled by the company Fiat-Chrysler. Though there was a fleeting moment where Alfa Romeo and Ferrari shared joint ownership once again, both companies have been on separate paths for some time now.
Does VW Own Ferrari?
Volkswagen does not own Ferrari. It would have been difficult for Volkswagen to buy all of Ferrari’s shares due to the fact that many people already owned them.
Does Fiat Own Ferrari?
Fiat no longer has a stake in Ferrari. Fiat (The Italian Automobile Factory of Turin) was at one point an owner of fifty percent of Ferrari, but later reduced its interest to ninety percent. In 1988, Enzo also decreased his share from ten to zero over time – there was never full ownership from either side.
Conclusion
To put it briefly, Ferrari has been around for more than a century and is a powerful brand that deserves its discussion and attention. Hopefully after reading this article you’ve gained some insight on how the automotive company manages to succeed in such a dynamic industry. One of the things that differentiates Ferrari from competitors is its ability to maintain both high quality products and staying true to their iconic branding.
This allows them to earn customer loyalty through superior customer service – one example being opening retail stores in highly trafficked areas. Additionally, they’re always reaching out with opportunities like free master classes that cater specifically towards digital marketers looking to increase their skillsets or come learn about advancements made specifically within the realm of advertising. All in all, just remember that we here at IIDE would be honored if you shared this post with anyone who might find it beneficial!
