Ferrari is among the world’s leading luxury brands focused on the design, engineering, production and sale of the world’s most recognizable luxury performance sports cars. The brand symbolizes exclusivity, innovation, state-of-the-art sporting performance and Italian design and engineering heritage. Ferrari’s name and history and the image enjoyed by Ferrari cars are closely associated with Formula 1 racing. Ferrari design, engineer and produce cars in Maranello, Italy, and sell them in over 60 markets worldwide through a network of 176 authorized dealers operating 198 points of sale.
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Ferrari N.V., was founded in 1947 and is headquartered in Maranello, Italy. Through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods. In addition, the company operates Ferrari museums in Modena and Maranello; Il Cavallino restaurant in Maranello; and theme parks in Abu Dhabi and Spain. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks; develops and sells a range of apparel and accessories; and operates franchised and owned Ferrari stores.
The Fiat group acquired a 50 percent stake in Ferrari S.p.A. in 1969, which increased to 90% in 1988, after the death of Enzo Ferrari, with the remaining 10% held by Enzo Ferrari’s son, Piero Ferrari. On October 19, 2015 Ferrari completed a restructuring intended to facilitate the initial public offering of their shares (the “IPO”) which resulted in the establishment of New Business Netherlands N.V., then renamed Ferrari N.V. as the holding company of the Ferrari group holding a 100 percent interest in Ferrari S.p.A.
Ferrari NV is listed on the New York Stock Exchange stock symbol RACE. NYSE: RACE
Ferrari N.V. is the parent company of the Group (Ferrari S.p.A.) and it holds, directly and indirectly, interests in the Group’s main operating companies.
The Group’s scope of consolidation at December 31, 2017 and 2016 was as follows:[Ferrari S.p.A. Italy] Indirectly held through Ferrari S.p.A. [Ferrari North America Inc. USA] [Ferrari Japan KK. Japan] [Ferrari Australasia Pty Limited. Australia] [Ferrari (HK) Limited. Hong Kong] [Ferrari International Cars Trading (Shanghai) Co. L.t.d. China] [Ferrari Far East Pte Limited. Singapore] [Ferrari Management Consulting (Shanghai) Co. L.t.d. China] [Ferrari South West Europe S.a.r.l. France] [Ferrari Central East Europe GmbH. Germany] [G.S.A. S.A. Switzerland] [Ferrari North Europe Limited. UK] [Mugello Circuit S.p.A. Italy. Racetrack management.] [Ferrari Financial Services S.p.A.]
Additional facilities in Maranello include a product development center, a hospitality area and the Ferrari museum. Ferrari’s second plant in Modena, named Carrozzeria Scaglietti, approximately 26 thousand square meter plant manufacture aluminum bodyworks and chassis for Ferrari regular range, special series and prototype cars.
Via Abetone Inferiore, 4
41053 Maranello, Modena,
Ferrari Classiche was established specifically to provide restoration and maintenance services, technical assistance and Certificates of Authenticity to owners of classic Ferraris.
Through the “Ferrari Classiche” service, ferrari offer specialized maintenance and restoration services to owners of Ferraris older than 20 years. They use either original components and spare parts or replicas based on the original specifications and their restoration service offers clients the opportunity to reinstate any classic Ferrari to its pristine, original conditions. Each year Ferrari Classiche carries out maintenance works on approximately 40 cars and performs approximately 10 full restorations.
Ferrari Classiche also issues certificates of authenticity to Ferrari models older than 20 years and to all Ferrari racing cars, including Formula 1 single-seaters of any age, to attest the authenticity of the cars and of their components. Each certified car undergoes a thorough technical inspection, at the Ferrari Classiche workshop in Maranello or at certain authorized dealers worldwide, to verify that the car’s chassis, engine, gearbox, transmission, suspension, brakes, wheels, bodywork and interior are original, or otherwise comply with, the car’s original specifications. If the inspection is successful, Ferraris committee of experts grants the certification. In recent years Ferrari Classiche has on average granted approximately 400 certificates of authenticity per year.
Ferrari Car History
The company is named after founder Enzo Ferrari. An Alfa Romeo driver since 1924, Enzo Ferrari founded his own racing team, Scuderia Ferrari, in Modena in 1929 initially to race Alfa Romeo cars. In 1939 he set up his own company, initially called Auto Avio Costruzioni. In late 1943, Enzo Ferrari moved his headquarters from Modena to Maranello, which remains the headquarters to this day.
Ferrari believes their cars are the epitome of performance, luxury and styling and currently sell seven models, including four sports cars (488 GTB, 488 Spider, F12berlinetta and special series F12 Tour de France, or F12tdf) and three GT cars (California T, FF and the new GTC4Lusso). The 488 GTB and the 488 Spider were launched in 2015 to replace the 458 Italia and 458 Spider, which Ferrari produced and sold in 2015 but are now discontinued. The F12tdf, unveiled in October 2015, is the latest special series and follows the 458 Speciale and 458 Speciale A, which Ferrari produced and sold in 2015 but are now discontinued. In February 2016, Ferrari unveiled the new GTC4Lusso, the latest GT car, which will replace the FF, with sales expected to begin in the second semester of 2016. ferrari also produce a limited edition supercar, LaFerrari, and very limited editions series (Fuoriserie) and one-off cars.
Ferrari Racing History
Ferrari made its independent racing debut at a race in Piacenza, Italy. Enzo Ferrari had been designing race cars for Alpha Romeo since the late 1920s, and it was not until after the war that he broke from Alpha to form his own car manufacturing firm. Ferrari entered his Tipo 125 car at the race in Piacenza. Featuring a revolutionary V-12 engine, the Tipo 125 led the race with two laps to go before a fuel pump failed and forced it from the race.
The result pleased Ferrari. In 1947, his company built and sold three Tipo 125 cars. Also, a Ferrari first at the race in Piacenza was the prancing horse hood ornament characteristic of all Ferraris since. Enzo had adopted the logo a few years earlier in honor of Italian World War I ace Enrico Baracca. Having met Baracca’s parents at a social event, Enzo decided to honor their son by taking on the prancing horse logo that he had worn on the side of his airplane. Ferrari added the canary yellow background to honor his home city of Modena. With the prancing horse hood ornament, Ferrari would go on to unparalleled racing success, including nine Formula One Grand Prix World Championships.
Ferrari’s Formula 1 racing team, Scuderia Ferrari, the most successful team in Formula 1 history. From the inaugural year of Formula 1 in 1950 through 2010, Scuderia Ferrari has won 224 Grand Prix races, 16 Constructor World titles and 15 Drivers’ World titles.