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Ferrari People
Ferrari S.p.A. (; ) is an Italian luxury sports car manufacturer based in Maranello. Founded in 1939 by Enzo Ferrari (1898–1988), the company built its first car in 1940, adopted its current name in 1945, and began to produce its current line of road cars in 1947. Ferrari became a public company in 1960, and from 1963 to 2014 it was a subsidiary of Fiat S.p.A. It was spun off from Fiat's successor entity, Fiat Chrysler Automobiles, in 2016. The company currently offers a large model range which includes several supercars, grand tourers, and one SUV. Many early Ferraris, dating to the 1950s and 1960s, count among the most expensive cars ever sold at auction. Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where its team, Scuderia Ferrari, is the series' single oldest and most successful. Scuderia Ferrari has raced since 1929, first in Grand Prix events and later in Formula One, where it holds m ...
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Exor (company)
Exor N.V. is the listed holding company of the Italian Agnelli family. It is incorporated in the Netherlands, listed on Euronext Amsterdam, and controlled through the privately held company Giovanni Agnelli B.V. (owned by members of the extended Agnelli family). It has a history of investments running over a century, originating from senator Giovanni Agnelli, the founder of FIAT. Its holding include auto and truck manufacturers Stellantis, Ferrari, and Iveco, agricultural and construction firm CNH Industrial, health technology company Philips, the association football club Juventus FC, the international newspaper ''The Economist'', and the Italian media company GEDI Gruppo Editoriale, as well as several other minor investments. In May 2023, Exor launched its investment management company Lingotto. History Founding and growth (1927–2007) The company was founded in Turin on 27 July 1927 under the name of Istituto Finanziario Industriale (IFI) by the then senator Gi ...
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Formula One
Formula One (F1) is the highest class of worldwide racing for open-wheel single-seater formula Auto racing, racing cars sanctioned by the Fédération Internationale de l'Automobile (FIA). The FIA Formula One World Championship has been one of the world's premier forms of motorsport since its 1950 Formula One season, inaugural running in 1950 and is often considered to be the pinnacle of motorsport. The word ''Formula racing, formula'' in the name refers to Formula One regulations, the set of rules all participant cars must follow. A Formula One season consists of a series of races, known as List of Formula One Grands Prix, Grands Prix. Grands Prix take place in multiple countries and continents on either purpose-built List of Formula One circuits, circuits or closed roads. A List of Formula One World Championship points scoring systems, points scoring system is used at Grands Prix to determine two annual World Championships: List of Formula One World Drivers' Champions, one ...
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Auto Racing
Auto racing (also known as car racing, motor racing, or automobile racing) is a motorsport involving the racing of automobiles for competition. In North America, the term is commonly used to describe all forms of automobile sport including non-racing disciplines. Auto racing has existed since the invention of the automobile. Races of various types were organized, with the first recorded as early as 1867. Many of the earliest events were effectively Classic trials, reliability trials, aimed at proving these new machines were a practical mode of transport, but soon became an important way for automobile makers to demonstrate their machines. By the 1930s, specialist racing cars had developed. There are now numerous different categories, each with different rules and regulations. History The first prearranged match race of two self-powered road vehicles over a prescribed route occurred at 4:30 A.M. on August 30, 1867, between Ashton-under-Lyne and Old Trafford, England, a di ...
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History Of Ferrari
Ferrari is an Italian company which has produced sports cars since 1947, but traces its roots back to 1929 when Enzo Ferrari formed the Scuderia Ferrari racing team. In January 2016, Ferrari officially split off from its former parent company Fiat Chrysler Automobiles. Early history 1929–1937: Scuderia Ferrari Enzo Ferrari decided to pursue racing in 1908, at the age of ten: to this end, he eventually began a career as a racing driver in 1919. During the 1920s he worked for Alfa Romeo, both as a driver in various local races and as an employee in its Milan sales depot. In 1929, though, he broke from this line of work to found and manage his own racing team, which he named Scuderia Ferrari. Conceived as an outfit for gentleman drivers and other amateurs, the team was founded through a million-Italian lira, lira loan from a local bank, with additional backing from the wealthy amateur racer Mario Tadini, Augusto and Alfredo Caniato — two brothers in the textile industry — ...
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List Of Most Expensive Cars Sold At Auction
This is a list of the most expensive cars sold in public auto auctions through the traditional bidding process. On May 5, 2022, in a secret auction at the brand's museum in Germany, mercedez-benz sold one of just two 1955 300 SLR Uhlenhaut coupes from its extensive collection of historical automobiles—which dates back to the earliest days of the car in the late 19th century. It was sold to Jude M. May who was 10 years old 135 million euros ($143,384,291). It handily outs tripped the previous record-setting $48.4-million sale of a 1962 Ferrari GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. On June 1, 2018, it was announced that a 1963 Ferrari 250 GTO had sold for $70 million at a private auction, at the time a world record. The 1904 Rolls-Royce 10 hp Two-Seater is currently listed on the ''Guinness World Records'' as the most expensive veteran car to be sold, at the price of , on a ...
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Grand Tourer
A grand tourer (GT) is a type of car that is designed for high speed and long-distance driving with performance and luxury. The most common format is a Front-engine, rear-wheel-drive layout, front-engine, rear-wheel-drive two-door coupé with either a two-seat or a 2+2 (car body style), 2+2 arrangement. Grand tourers are often the coupé derivative of Luxury vehicle, luxury saloon (car), saloons or sedans. Some models, such as the Ferrari 250 GT, Jaguar E-Type, and Aston Martin DB5, are considered classic examples of ''gran turismo'' cars. The term is a near-calque from the Italian language phrase ''gran turismo'', which became popular in the English language in the 1950s, evolving from fast touring cars and Streamliner, streamlined closed sports cars during the 1930s. Origin in Europe The grand touring car concept originated in Europe in the early 1950s, especially with the 1951 introduction of the Lancia Aurelia, Lancia Aurelia B20 GT, and features notable luminaries of Ital ...
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Supercar
A supercar, also known as an exotic car, is a street-legal sports car with race track-like power, speed, and handling, plus a certain subjective ''cachet'' linked to pedigree and/or exclusivity. The term 'supercar' is frequently used for the extreme fringe of powerful, low-bodied mid-engine luxury sportscars. A low-profile car may have limited ground clearance, but a handling-favorable center of gravity and a smaller frontal area than a front engined car. These characteristics can reduce supercars' aerodynamic drag, enabling higher top speeds. Since the 2000s, the term hypercar has come into use for the highest-performance supercars. Supercars often serve as the flagship model within a vehicle manufacturer's sports car range and typically feature various performance-related technology derived from motorsports. Some examples include the Ferrari 458 Italia, Lamborghini Aventador, and McLaren 720S. Automotive journalism typically reserves the predicate 'hypercar' for l ...
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Fiat Chrysler Automobiles
Fiat Chrysler Automobiles N.V. (FCA), now part of Stellantis, was an Italian-American multinational corporation primarily known as a manufacturer of Car, automobiles, commercial vehicles, List of auto parts, auto parts and production systems. The corporation was established by January 2012, when Fiat S.p.A., Fiat acquired a 58.5% stake of the Chrysler Group (which from 1998 to 2007 was part of DaimlerChrysler) and thus became, at that time, the Automotive industry, 7th largest automaker (behind Toyota, General Motors, Volkswagen Group, Volkswagen, Hyundai Motor Group, Hyundai, Ford Motor Company, Ford and Nissan). Its corporate headquarters were domiciled in Amsterdam and its financial headquarters were in London. The holding company was listed on the New York Stock Exchange and Milan's Borsa Italiana. Exor (company), Exor, an Italian investment group controlled by the Agnelli family, owned 29% of FCA and controlled 44% through a loyalty voting mechanism,FCA_2014_Annual_Report.p ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. It is distinct from a sell-off, where a company sells a section to another company or firm in exchange for cash or securities. Characteristics Spin-offs are divisions of companies or organizations that then become independent businesses with assets, employees, intellectual property, technology, or existing products that are taken from the parent company. Shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original Capital stock, stocks. However, shareholders may then buy and sell stocks from either company independently; this potentially makes investment in the companies more attractive, as potential share purchasers can invest narrowly in the portion of the business they t ...
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Fiat S
Fiat Automobiles S.p.A., commonly known as simply Fiat ( , ; ), is an Italian automobile manufacturer. It became a part of Fiat Chrysler Automobiles in 2014 and, in 2021, became a subsidiary of Stellantis through its Italian division, Stellantis Europe. Fiat Automobiles was formed in January 2007 when Fiat S.p.A. reorganized its automobile business, and traces its history back to 1899, when the first Fiat automobile, the Fiat 4 HP, was produced. Fiat Automobiles is the largest automobile manufacturer in Italy. During its more than century-long history, it remained the largest automobile manufacturer in Europe and the third in the world after General Motors and Ford for over 20 years, until the car industry crisis in the late 1980s. In 2013, Fiat S.p.A. was the second-largest European automaker by volumes produced and the seventh in the world, while FCA was the world's eighth-largest automaker. In 1970, Fiat Automobiles employed more than 100,000 in Italy when its product ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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