Who Owns Ferrari Now?

In a Nutshell

• Key Players: Discover the current ownership structure of Ferrari, including major stakeholders and key figures.
• Historical Context: A journey through Ferrari’s ownership changes over the years.
• Impact on the Brand: How ownership influences Ferrari’s business operations and brand strategy.
• Future Outlook: Insights into what the future might hold for Ferrari and its ownership.

Table of Contents

1. Introduction
2. Historical Ownership of Ferrari
   1. Founding and Early Years
   2. Fiat Ownership
3. Current Ownership Structure
   1. Public Listing
   2. Major Stakeholders
4. Implications of Current Ownership
   1. Business Operations
   2. Brand Strategy
5. Future of Ferrari’s Ownership
6. FAQs

Introduction

Who owns Ferrari now? This is a question many car enthusiasts and investors have been asking lately. Ferrari, the iconic Italian luxury sports car manufacturer, has had a fascinating ownership journey. In this blog post, we’ll explore Ferrari’s ownership history, current ownership structure, and the implications this has for the company and its future.

Historical Ownership of Ferrari

Founding and Early Years

Ferrari was founded by Enzo Ferrari in 1939. Initially, it operated under the Alfa Romeo Company until its formal independence. The brand quickly rose to fame, thanks to its performance vehicles and substantial success in racing.

Fiat Ownership

Fiat’s involvement began in 1969 when they acquired a 50% stake in Ferrari. Over the years, Fiat increased its holding, becoming the majority stakeholder and providing Ferrari with the necessary resources to expand its global footprint. By 1988, Fiat owned 90% of Ferrari.

Current Ownership Structure

Public Listing

Ferrari became an independent, publicly traded company in 2015, with its listing on the New York Stock Exchange (NYSE) under the ticker symbol RACE. This move was part of Fiat Chrysler Automobiles’ (FCA) restructuring plan to separate its luxury car business from its other operations.

Major Stakeholders

As of now, the largest shareholder of Ferrari is Exor N.V., the holding company controlled by the Agnelli family, which also maintains a significant interest in other companies like Stellantis. Exor owns approximately 24% of Ferrari, giving it significant influence over the company. The remainder of Ferrari’s shares are distributed among institutional investors and the public.

Implications of Current Ownership

Business Operations

The current ownership structure provides a balance between innovation and heritage. Ferrari continues to operate independently, maintaining its headquarters in Maranello, Italy, and focusing on producing exclusive, high-performance sports cars.

Brand Strategy

Ferrari’s brand strategy remains robust and premium-oriented. The influence of Exor has ensured that the company stays true to its racing roots while exploring new technological advancements, such as hybrid and electric vehicles, to stay competitive in the evolving automotive market.

Future of Ferrari’s Ownership

Looking ahead, the ownership of Ferrari is expected to remain stable. Exor’s substantial stake and the diversified shareholder base provide a solid foundation for the company’s future endeavors. As Ferrari continues to innovate and expand its product line, shareholders remain optimistic about its growth prospects.

FAQs

1. How much of Ferrari does Exor N.V. own?

Exor N.V. owns approximately 24% of Ferrari.

2. When did Ferrari become publicly traded?

Ferrari went public in 2015, listing on the New York Stock Exchange under the ticker symbol RACE.

3. Which family controls Exor N.V.?

The Agnelli family, highly influential in Italy’s business circles, controls Exor N.V.

4. How did Fiat come to own Ferrari?

Fiat initially acquired a 50% stake in Ferrari in 1969 and gradually increased its stake, eventually becoming the majority shareholder.

5. Where is Ferrari’s headquarters located?

Ferrari’s headquarters are in Maranello, Italy.

6. Does Ferrari produce electric vehicles?

Ferrari is currently exploring hybrid and electric vehicle technologies as part of its future product strategy.

For more detailed information about Ferrari’s ownership, you can visit Who Owns Ferrari Now on the Who Owns website. You can also find additional insights on the Yahoo Finance page or Wikipedia’s comprehensive Ferrari page.