Ferrari is a luxury sports car. Italy. Founded by Enzo Ferrari in 1939 out of the Alfa Romeo racing division as Auto Avio Costruzioni, the company built its first car in 1940 and produced its first car bearing the Ferrari badge in 1947.
Fiat S.p.A. acquired 50% of Ferrari in 1969 and increased its stake to 90% in 1988. from FCA; as of the announcement, FCA owned 90% of Ferrari. The separation began in October 2015 with a restructuring which established Ferrari NV (a company incorporated in the Netherlands) as the new holding company of the Ferrari SpA group, and the sale Subsequent by FCA of 10% of the shares of an IPO and simultaneous listing of the common shares on the New York Stock Exchange. During the remaining stages of the separation, FCA's stake in the Ferrari business was distributed to FCA shareholders, with 10% still remaining held by Piero Ferrari. The split ended on January 3, 2016.
Throughout its history, the company has been known for its continued participation in racing, particularly in Formula 1, where it is the oldest and most successful racing team, holding the most constructors' championships and having produced the greatest number of pilot championships. wins. Ferrari road cars are widely regarded as a symbol of speed, luxury and wealth. Ferrari cars are built in the 165,000 square meter (16.5 hectare) Maranello factory. In 2014, Ferrari was ranked the world's most powerful brand by Brand Finance. In June 2018, a 1963 250 GTO became the most expensive car in history, setting a record selling price of $ 70 million. In 2021, Ferrari is the 10th automaker in terms of market capitalization, with $ 52.21 billion.
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