Who Owns Ferrari Car Company
Essential Highlights
- Ferrari was originally a part of Fiat but went public in 2015.
- Ferrari is now a mostly independent company, with Exor NV and Piero Ferrari holding significant shares.
- Discover the intricate history and corporate structure of this iconic automaker.
Table of Contents
- The Origins of Ferrari
- Public Offering and Fiat’s Role
- Current Ownership Structure
- The Future of Ownership
- FAQ
The Origins of Ferrari
From Racing to Manufacturing
Ferrari started as a racing team before venturing into manufacturing. The company was founded in 1939 by Enzo Ferrari, emerging from Auto Avio Costruzioni. While its roots were deeply embedded in motorsport, the post-WWII era witnessed Ferrari’s shift towards constructing road cars.
Public Offering and Fiat’s Role
The IPO Process
Ferrari went public in 2015. The Initial Public Offering (IPO) was a significant event, marking the separation of Ferrari from Fiat Chrysler Automobiles (FCA). This move aimed at elevating Ferrari as an independent luxury sports car manufacturer.
Fiat’s Ownership
Fiat had controlled a major stake in Ferrari since 1969. Over the years, Fiat’s investment helped Ferrari scale its operations, culminating in its IPO. Fiat retained a 10% stake post-IPO, transitioning much of its ownership to shareholders. For more context, find in-depth insights on how Fiat structured its ownership.
Current Ownership Structure
Key Shareholders
Ferrari’s current ownership is split among various shareholders. The most notable shares are held by:
* Exor NV: Approximately 24%
* Piero Ferrari: About 10%
* Public and institutional investors
Exor NV and Piero Ferrari
Exor NV, the investment group controlled by the Agnelli family, is the largest shareholder. Piero Ferrari, son of the founder Enzo Ferrari, remains a significant individual stakeholder. Their collective ownership defines much of Ferrari’s current corporate strategy.
The Future of Ownership
The future ownership of Ferrari could involve strategic shifts. With continuous growth and market expansion, potential changes in share distribution or partnerships may surface. However, the brand’s core remains strongly tied to its powerful heritage and dedicated stakeholders.
FAQ
1. Who originally founded Ferrari?
Enzo Ferrari founded Ferrari in 1939 as an extension of Auto Avio Costruzioni, focusing initially on motorsport.
2. When did Ferrari go public?
Ferrari went public in October 2015 through an Initial Public Offering (IPO).
3. What percentage of Ferrari does Exor NV hold?
Exor NV holds approximately 24% of Ferrari’s shares.
4. Is Fiat still involved with Ferrari?
While Fiat, or more accurately its successor Fiat Chrysler Automobiles (FCA), was once a majority stakeholder, its involvement has been reduced to a minor stake post-IPO.
5. Who is Piero Ferrari?
Piero Ferrari is the son of Enzo Ferrari and holds around 10% of the company’s shares, making him a significant individual shareholder.
6. Can individuals buy Ferrari shares?
Yes, Ferrari shares are publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol RACE.
7. What is the significance of the Agnelli family in Ferrari’s ownership?
The Agnelli family, through their investment company Exor NV, holds the largest share of Ferrari, significantly influencing its corporate decisions.
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Conclusion
Ferrari’s journey from a niche racing team to a global luxury car manufacturer is remarkable. While its ownership has evolved, the essence of Ferrari—its passion for performance and innovation—remains unchanged. Understanding the corporate structure provides a clearer picture of how business leaders drive this iconic brand forward.
For further reading, explore more about Fiat’s historical ownership and Ferrari’s stock performance.
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