Ferarri

Who Owns Ferrari?

In a Nutshell

Discover who owns the iconic luxury car brand Ferrari, the key stakeholders, and the interesting journey of its ownership. Here are the highlights:

• Ferrari is a public company with its shares traded on the New York Stock Exchange (NYSE) under the ticker symbol RACE.
• The largest shareholder of Ferrari is Exor N.V., the investment firm controlled by the Agnelli family.
• Piero Ferrari, the son of founder Enzo Ferrari, holds a significant stake in the company.
• Learn the historical context behind Ferrari’s ownership changes, including its split from Fiat Chrysler Automobiles (FCA) in 2015.

Table of Contents

1. History of Ferrari Ownership
2. Current Ownership Structure
3. Key Stakeholders
4. Impact of Ownership on Ferrari
5. Frequently Asked Questions (FAQs)

History of Ferrari Ownership

Ferrari, an embodiment of luxury, speed, and racing heritage, has an intriguing history of ownership.

• Founded by Enzo Ferrari in 1939: Initially a part of Alfa Romeo, the company became independent in 1947.
• Fiat Acquisition in 1969: Fiat S.p.A. purchased a 50% stake in Ferrari, later increasing its stake to 90% in 1988.
• Split from Fiat Chrysler Automobiles (FCA) in 2015: Ferrari became an independent entity, trading publicly on the NYSE.

Current Ownership Structure

Today, Ferrari is a publicly traded company with a diversified ownership structure.

• Exor N.V.: The largest shareholder, holding a significant portion of Ferrari’s shares. Exor is the investment firm of the Agnelli family, known for its substantial influence in the automotive industry.
• Piero Ferrari: Son of the founder Enzo Ferrari, Piero holds about 10% of the company’s shares and plays a crucial role in maintaining the Ferrari legacy.
• Public Investors: The remainder of Ferrari shares are held by various institutional and individual investors around the world.

Key Stakeholders

The primary stakeholders in Ferrari’s ownership include influential families and investors who shape the company’s direction.

• The Agnelli Family: Through Exor N.V., the Agnelli family wields considerable influence over Ferrari. The family’s legacy in the automotive sector is deeply rooted, stretching back to the early days of Fiat.
• Piero Ferrari: As a key figure in the company’s history, Piero Ferrari’s stake ensures that the founding family’s vision continues to be represented in the modern era.
• Institutional Investors: Several institutional investors like BlackRock and Vanguard hold shares, indicating strong financial backing from global financial entities.

Impact of Ownership on Ferrari

Ownership has a profound impact on Ferrari’s strategic decisions, innovation, and brand positioning.

• Innovation and R&D: The substantial backing from Exor and other investors allows Ferrari to invest heavily in research and development, pushing the limits of automotive technology.
• Brand Strategy: The ownership structure supports Ferrari’s commitment to maintaining its elite brand status. The strategic decisions made by the stakeholders help preserve the exclusivity and premium positioning of the brand.
• Market Performance: Being publicly traded adds a layer of accountability and performance pressure, which has generally resulted in impressive market performance and robust financial health.

Frequently Asked Questions (FAQs)

Here are some common questions about Ferrari’s ownership:

1. Who is the largest shareholder of Ferrari?
The largest shareholder is Exor N.V., the investment firm controlled by the Agnelli family.

2. Does the Ferrari family still own a part of Ferrari?
Yes, Piero Ferrari, the son of founder Enzo Ferrari, owns about 10% of the company.

3. How did Ferrari split from Fiat Chrysler Automobiles (FCA)?
In 2015, Ferrari was spun off from FCA and began trading independently on the New York Stock Exchange.

4. What is the ticker symbol for Ferrari?
Ferrari is traded under the ticker symbol RACE on the New York Stock Exchange.

5. What role does Piero Ferrari play in the company now?
Piero Ferrari remains a significant shareholder and is actively involved in the company, ensuring its legacy and heritage continue.

6. How does the ownership structure impact Ferrari’s business strategy?
The diversified ownership allows Ferrari to have robust financial backing, which supports its strategies in innovation, brand positioning, and global market performance.

7. Are there any other major stakeholders in Ferrari?
Yes, several institutional investors like BlackRock and Vanguard hold significant stakes in Ferrari.

Conclusion

Understanding who owns Ferrari provides insight into the brand’s strategic decisions and market presence. The influential shareholders like Exor N.V. and Piero Ferrari play pivotal roles in ensuring Ferrari’s legacy as a symbol of luxury and performance.

For more detailed information, you can visit:
– Who Owns UK
– Who Owns Ferrari
– Who Owns What
– Ferrari’s Ownership Overview
– Exor N.V. Information
– Ferrari on NYSE

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