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Ferrari (other)
Ferrari S.p.A. (; ) is an Italian luxury sports car manufacturer based in Maranello, Italy. 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. In 2024, the ''Wall Street Journal'' summed up the company's reputation in this way: "Ferrari has been synonymous with opulence, meticulous craftsmanship and ridiculously fast cars for nearly a century." 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. Owing to a combination of its cars, enthusiast culture, and successful licensing deals, in 2019 Ferrari wa ...
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Modena
Modena (, , ; egl, label=Emilian language#Dialects, Modenese, Mòdna ; ett, Mutna; la, Mutina) is a city and ''comune'' (municipality) on the south side of the Po Valley, in the Province of Modena in the Emilia-Romagna region of northern Italy. A town, and seat of an archbishop, it is known for its car industry since the factories of the famous Italian upper-class sports car makers Ferrari, De Tomaso, Lamborghini, Pagani (automobile), Pagani and Maserati are, or were, located here and all, except Lamborghini, have headquarters in the city or nearby. One of Ferrari's cars, the Ferrari 360, 360 Modena, was named after the town itself. Ferrari's production plant and Formula One team Scuderia Ferrari are based in Maranello south of the city. The University of Modena, founded in 1175 and expanded by Francesco II d'Este in 1686, focuses on economics, medicine and law, and is the second oldest :wikt:athenaeum, athenaeum in Italy. Italian military officers are trained at the Milit ...
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Exor (company)
Exor N.V. is a Dutch holding company incorporated in Netherlands and controlled by the Agnelli family through privately held company ''Giovanni Agnelli B.V.'' In 2021 it recorded revenues of more than $136 billion, with a Net Asset Value (NAV) of around $31 billion, becoming the 37th largest group in the world by revenue, according to the 2021 ''Fortune'' Global 500 List. It has a history of investments running over a century, which currently include auto and truck manufacturers Stellantis, Ferrari and Iveco, agricultural and construction firm CNH Industrial, the football team Juventus F.C., the international newspaper ''The Economist'', and the Italian media company GEDI. History The company was founded on 27 July 1927 under the name of ''Istituto Finanziario Industriale'' by the Senator Giovanni Agnelli, with the aim of reuniting under a single company all the shareholdings he had acquired, mainly in industrial sectors. In 1957, IFI acquired control of ''Istituto Commerc ...
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Market Capitalisation
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is also u ...
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Brand
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Brand names are sometimes distinguished from Generic brand, generic or store brands. The practice of branding - in the original literal sense of marking by burning - is thought to have begun with the ancient Egyptians, who are known to have engaged in livestock branding as early as 2,700 BCE. Branding was used to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot branding iron. If a person stole any of the cattle, anyone else who saw the symbol could deduce the actual owner. The term has been extended to mean a strategic personality for a produ ...
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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, that of those that attracted headline grabbing publicity, mainly for the high price their new owners have paid. On May 5, 2022, in a secret auction at the brand’s museum in Germany, Mercedes-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. The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 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, Rolls-Royce 10 hp Two-Seater ...
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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, due to a combination of performance and luxury attributes. The most common format is a front-engine, rear-wheel-drive two-door coupé with either a two-seat or a 2+2 arrangement. Grand tourers are most often the coupé derivative of luxury saloons or sedans. The term is a near-calque from the Italian language phrase ''gran turismo'' which became popular in the English language from the 1950s, evolving from fast touring cars and 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 B20 GT, and features notable luminaries of Italian automotive history such as Vittorio Jano, Enzo Ferrari and Johnny Lurani. Motorsports became important in the evolution of the grand touring concept, and grand touring entries are important in endurance sports- ...
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Supercar
A supercar – also called exotic car – is a loosely defined description of street-legal, high-performance sports cars. Since the 2010s, the term hypercar has come into use for the highest performing supercars. Supercars commonly serve as the flagship model within a vehicle manufacturer's line-up of sports cars and typically feature various performance-related technology derived from motorsports. Some examples include the Ferrari 458 Italia, Lamborghini Aventador, and McLaren 720S. In the United States, muscle cars were often referred to as "supercars" during the 1960s. History Europe The Lamborghini Miura, produced from 1966–1973, is often said to be the first supercar. By the 1970s and 1980s the term was in regular use, if not precisely defined. One interpretation up until the 1990s was to use it for mid-engine two-seat cars with at least eight cylinders (but typically a V12 engine), a power output of at least and a top speed of at least . Other interpretations sta ...
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Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Fiat Chrysler Automobiles
Fiat Chrysler Automobiles N.V. (FCA) was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems. The Italian holding company Exor was the largest shareholder and owner of voting rights. At the time it was the world's eighth largest automobile maker. The group was established in October 2014 through the merger of Chrysler Group and Fiat S.p.A. 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, an Italian investment group controlled by the Agnelli family, owned 29.19% of FCA and controlled 44.31% through a loyalty voting mechanism.FCA_2014_Annual_Report.pdfFCA Annual_Report at 31 December 2014 Retrieved 4 March 2016. FCA's mass-market brands operated through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles SpA) with he ...
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Corporate Spin-off
A corporate spin-off, also known as a spin-out, or 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. 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 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 think will have the most growth. In contrast, divestment can also sever one business from another, but the assets are sold off rather t ...
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Fiat S
Fiat Automobiles S.p.A. (, , ; originally FIAT, it, Fabbrica Italiana Automobili di Torino, lit=Italian Automobiles Factory of Turin) is an Italian automobile manufacturer, formerly part of Fiat Chrysler Automobiles, and since 2021 a subsidiary of Stellantis through its Italian division Stellantis Italy. 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 employ ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (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 therefore 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 Kingdom it is usually a public limited company (plc), i ...
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