Who / What
Ferrari is an Italian luxury sports car manufacturer. It is a public company renowned for producing high-performance road cars and its long-standing involvement in motorsport.
Background & History
Ferrari was founded by Enzo Ferrari in 1939 and built its first car in 1940. The company adopted its current name in 1945 and began production of its line of road cars in 1947. It became a public company in 1960 and was a subsidiary of Fiat S.p.A. for over 50 years before being spun off in 2016.
Why Notable
Ferrari is one of the world's most iconic and prestigious automotive brands, symbolizing luxury, speed, and Italian engineering excellence. It holds an unparalleled record in Formula One racing, which has been central to its brand identity and marketing. The company's limited-production road cars are highly sought-after symbols of status and performance.
In the News
Ferrari became an independent company after its spin-off from Fiat Chrysler Automobiles in 2016, a significant shift in its corporate structure. It continues to be a dominant and influential force in the luxury automotive market and Formula One racing.
