Who Owns Ferrari? Unraveling the Maranello Mystery
Hello there, speed enthusiasts! Today, we're diving into the world of luxury, power, and prestige to answer a question that's been buzzing around the automotive sphere: Who owns Ferrari? So, buckle up, and let's rev our engines to find out! Guys, explore more in Celebrity Profiles and who is ferrari owned by.
The Prancing Horse: A Brief History
Before we delve into who's behind the wheel now, let's take a quick spin down memory lane. Ferrari, the Italian automaker known for its sleek, high-performance sports cars, was founded by Enzo Ferrari in 1939. Enzo, a former racing driver, started his company to build race cars, and the road cars we know and love today were initially created to fund his racing activities.
Enzo Ferrari passed away in 1988, leaving behind a legacy that continues to set the benchmark in the automotive industry. But who's been steering the Prancing Horse since then? Let's find out!
The Fiat Years: A Corporate Marriage
- 1969. This stake was increased to 90% in 1988, making Fiat the majority shareholder. Fiat's involvement in Ferrari's operations grew over the years, with Fiat eventually assuming full control in
- 2008. This marked the beginning of a new era for Ferrari, with Fiat's then CEO, Sergio Marchionne, at the helm.
The Exor-Ness of Ferrari: A New Chapter
In 2016, Fiat Chrysler Automobiles (FCA), by then the parent company of Ferrari, announced plans to separate Ferrari's shares from FCA's. The following year, Ferrari was spun off from FCA and listed on the New York Stock Exchange (NYSE) and the Milan Stock Exchange (BIT). However, Exor N.V., a Dutch multinational investment company owned by the Agnelli family, remained Ferrari's largest shareholder.
Exor currently owns approximately 67% of Ferrari's ordinary shares, making it the majority shareholder. The Agnelli family, through their holding company, IFIL, has been closely associated with Fiat and Ferrari for decades, and their influence in the automotive industry is significant.
The Man Behind the Wheel: John Elkann
John Elkann, the current Chairman of Exor and Ferrari, is the great-grandson of Giovanni Agnelli, the founder of Fiat. He's been instrumental in shaping Ferrari's future, working closely with the company's CEO, Louis Camilleri, and other key executives to drive growth and innovation.
John Elkann's leadership has been marked by a focus on preserving Ferrari's rich heritage while embracing the future. He's overseen the introduction of new models, expansion into new markets, and the development of Ferrari's plans for electrification.
Ferrari's Future: A Hybrid World
Speaking of electrification, Ferrari has announced plans to launch its first hybrid car by 2025 and its first fully electric model by 2032. These moves are part of Ferrari's Prancing Horse strategy, which aims to maintain the company's exclusivity and desirability while embracing new technologies.
So, there you have it, folks! Who owns Ferrari? Well, it's a mix of family influence and corporate control, with Exor and the Agnelli family holding the majority stake. But remember, at the heart of Ferrari, it's still all about the passion, the performance, and the Prancing Horse spirit!