Who Owns Ferrari Today?

In a Nutshell

• Ownership of Ferrari: Delve into the current ownership structure.
• History Recap: Understand Ferrari’s journey from its inception to today.
• Major Stakeholders: Identify key entities and individuals holding significant shares.
• Influence of Fiat and Public Trading: Explore the role of Fiat Chrysler Automobiles and Ferrari’s public trading status.
• Government Regulations: Consider the impact of Italian and international laws.
• Key Figures: Learn about the influential figures in Ferrari’s history and present.

Table of Contents

1. Introduction
2. Historical Background
3. Current Ownership
   1. Major Stakeholders
   2. The Role of Exor N.V.
   3. Public Shareholders
4. Influence of Fiat
5. Public Trading
6. Key Figures
7. Government Regulations
8. FAQ

Introduction

Ferrari is one of the most iconic names in the automobile industry. With its roots deeply embedded in the annals of racing history, Ferrari continues to be a symbol of luxury, power, and performance. But who exactly owns this legendary marque today?

Historical Background

The story of Ferrari begins with Enzo Ferrari in 1929. Initially established as Auto Avio Costruzioni, the name Ferrari officially came to prominence in 1947. From its earliest days, Ferrari was a name synonymous with innovation and competitiveness in the racing world.

• 1929: Enzo Ferrari founded the company.
• 1947: The first Ferrari-badged car was produced.
• Legendary Wins: From the Monaco Grand Prix to the Le Mans, Ferrari has left its mark indelibly in motor sports history.

Current Ownership

Today, Ferrari’s ownership structure is a complex web of stakeholders. This structure includes major shareholders, public investors, and significant historical influences.

Major Stakeholders

Exor N.V. is the largest single shareholder of Ferrari. Exor is an investment company controlled by the Agnelli family who have a long-standing association with Fiat Chrysler Automobiles (FCA). Presently, Exor owns approximately 23% of Ferrari’s shares.

• Exor N.V.: An investment company controlled by the Agnelli family.
• Shareholding: Approximately 23.5% of Ferrari.

The Role of Exor N.V.

Exor N.V. plays a pivotal role in Ferrari’s strategic decisions. Their significant stake allows them not only influence but also a powerful voice in corporate governance.

• Influence in Strategy: Exor’s shareholding translates into substantial influence over Ferrari’s strategic direction.
• Corporate Governance: Significant control over key decisions and appointments.

Public Shareholders

A substantial part of Ferrari’s ownership lies with public investors. With Ferrari being publicly traded on the New York Stock Exchange (NYSE:RACE), institutional and individual investors collectively hold a significant portion.

• Public Trading: Listed on the New York Stock Exchange.
• Institutional Investors: Large mutual funds, asset management companies.
• Individual Investors: Private equity holders and investment enthusiasts.

Influence of Fiat

Fiat Chrysler Automobiles (FCA) played a critical role in Ferrari’s history. Although Ferrari has been spun off as a separate entity, FCA remains an influential figure.

• Historical Background: Ferrari was under Fiat Chrysler Automobiles ownership before becoming independent.
• Spin-off: In 2015, FCA executed a spinoff making Ferrari an independent entity.

Public Trading

Ferrari went public in October 2015. The IPO allowed Ferrari to operate as an independent company on the NYSE.

• Stock Symbol: Trading under the symbol (NYSE: RACE).
• Initial Public Offering (IPO): Raised more than $800 million.

Key Figures

Various influential figures have shaped Ferrari’s journey. From Enzo Ferrari to current executives, these personalities have left lasting impacts.

• Enzo Ferrari: Founder and the visionary behind the brand.
• John Elkann: Chairman from the Agnelli family lineage.
• Benedetto Vigna: Current CEO leading the company forward.

Government Regulations

Italian and international regulations impact Ferrari’s operations. Compliance with these regulations ensures the global standards of safety and trade.

• Italian Laws: Specific Italian business norms and regulations.
• International Trade Regulations: Compliance with international safety and environmental norms.

FAQ

Q1: Who owns the largest stake in Ferrari?
A1: Exor N.V., controlled by the Agnelli family, owns approximately 23.5% of Ferrari.

Q2: When did Ferrari go public?
A2: Ferrari went public on the New York Stock Exchange in October 2015 under the symbol (NYSE: RACE).

Q3: Is Ferrari still part of Fiat?
A3: No, Ferrari was spun off from Fiat Chrysler Automobiles in 2015 and operates as a separate entity.

Q4: Who is the current CEO of Ferrari?
A4: Benedetto Vigna is the current CEO of Ferrari.

Q5: What role does Exor N.V play in Ferrari’s operations?
A5: Exor N.V. plays a pivotal role in Ferrari’s strategic decisions and corporate governance due to its significant shareholding.

For further detailed information on Ferrari’s ownership and other related data, you can visit Who Owns Ferrari Today and Who Owns?.

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In conclusion, Ferrari’s ownership structure today is a blend of historical influences, significant investments from Exor N.V., and public trading stakeholders. By understanding the intricate web of its ownership, enthusiasts and investors can appreciate the brand’s strategic direction while anticipating its future trajectory.