Who Owns Ferrari: The Largest Shareholders Overview
Updated: June 6, 2023
Ferrari, the iconic luxury sports car manufacturer, is synonymous with speed, elegance, and Italian craftsmanship. With its sleek designs and roaring engines, Ferrari has captured the hearts of automotive enthusiasts worldwide. However, when it comes to the question of who owns Ferrari, the answer is not as straightforward as one might think.
Ferrari was founded in 1939 by Enzo Ferrari, an ambitious racing driver and entrepreneur with a passion for automotive engineering. Under his leadership, Ferrari became a dominant force in motorsports, winning numerous championships and establishing a reputation for excellence on the race track.
In 1969, Enzo Ferrari sold a 50% stake in the company to the Italian automobile manufacturer Fiat. Over the years, Fiat gradually increased its ownership of Ferrari and eventually gained full control of the company in 1988. Under the Fiat umbrella, Ferrari continued to thrive and expand its product line, producing some of the most sought-after sports cars in the world.
However, in 2015, Fiat Chrysler Automobiles (FCA), the parent company of Fiat, made the decision to spin off Ferrari into a separate entity. This move was aimed at unlocking the true value of the Ferrari brand and allowing it to operate as an independent company. In January 2016, Ferrari was officially listed on the New York Stock Exchange under the ticker symbol “RACE.”
Currently, Ferrari is owned by a diverse group of shareholders. The largest shareholder is Exor N.V., an Italian investment company controlled by the Agnelli family. Exor N.V. holds a significant stake in Ferrari, reflecting the family’s long-standing association with the Italian automotive industry.
While Ferrari’s ownership has evolved over the years, the company’s commitment to producing high-performance sports cars has remained unchanged. Its blend of Italian design, cutting-edge technology, and racing heritage continues to captivate enthusiasts and solidify Ferrari’s position as a symbol of automotive excellence.
What Is Ferrari?
Ferrari is a renowned Italian luxury sports car manufacturer and racing team. Founded in 1939 by Enzo Ferrari, the company has established itself as one of the most iconic and prestigious brands in the automotive industry. Ferrari is synonymous with high-performance sports cars that are celebrated for their exquisite design, powerful engines, and exceptional driving dynamics.
Ferrari’s cars are known for their distinctive and aerodynamic styling, often featuring sleek curves, bold lines, and aggressive profiles. The company has produced numerous legendary models throughout its history, including the Ferrari 250 GTO, F40, Enzo, LaFerrari, and the more recent SF90 Stradale. These vehicles not only deliver exhilarating performance on the road but also embody a sense of luxury, exclusivity, and craftsmanship.
Beyond its road cars, Ferrari has a rich motorsport heritage. The company has competed in various racing disciplines, including Formula One, endurance racing, and GT racing. Ferrari’s involvement in Formula One dates back to its inception, and the team has achieved unparalleled success, winning numerous world championships and becoming synonymous with excellence in the sport.
Ferrari’s commitment to innovation and technology is evident in its continuous pursuit of pushing the boundaries of automotive engineering. The brand’s advancements in aerodynamics, engine performance, and handling have often set benchmarks for the industry. Ferrari’s dedication to research and development ensures that their cars deliver an extraordinary driving experience, combining speed, precision, and excitement.
Today, Ferrari remains a symbol of luxury, passion, and Italian automotive excellence. The brand’s distinctive prancing horse logo has become an icon, representing not only the company’s storied history but also its commitment to pushing the limits of performance and design. From racing enthusiasts to luxury car connoisseurs, Ferrari’s cars continue to captivate and inspire individuals around the globe.
Ferraris Ownership History
Ferrari’s ownership history is marked by several significant changes and transitions. Here is an overview of the key milestones:
Enzo Ferrari Era (1939-1969): Enzo Ferrari founded the company in 1939 as Auto Avio Costruzioni, initially focusing on manufacturing racing cars. In 1947, the company changed its name to Ferrari S.p.A. Throughout this period, Enzo Ferrari retained full control and ownership of the company, shaping its identity as a dominant force in motorsports.
Fiat Era (1969-2015): In 1969, Ferrari faced financial challenges, leading Enzo Ferrari to sell a 50% stake in the company to the Italian automobile manufacturer, Fiat. The partnership between Ferrari and Fiat gradually expanded over the years, with Fiat increasing its ownership stake to 90% by 1988. During this era, Fiat played a crucial role in providing financial stability and resources to Ferrari, allowing the brand to flourish and expand its product line.
Ferrari as a Public Company (2015-present): In 2014, Fiat Chrysler Automobiles (FCA) announced its plan to separate Ferrari from its corporate structure and list it as an independent company. This decision aimed to unlock the true value of the Ferrari brand and allow it to operate autonomously. On January 3, 2016, Ferrari made its debut on the New York Stock Exchange under the ticker symbol “RACE.” As a result, Ferrari became a publicly traded company, with its shares available for purchase by investors.
Exor N.V. Ownership: Exor N.V., an Italian investment company controlled by the Agnelli family, holds the largest stake in Ferrari. The Agnelli family has a long-standing association with the Italian automotive industry and has been influential in shaping Ferrari’s direction. Exor N.V. currently holds a significant portion of Ferrari’s shares, making it the largest shareholder.
It is worth noting that while Ferrari is a publicly traded company, the Agnelli family and other significant shareholders retain substantial control and influence over the brand’s strategic decisions and long-term vision. Ferrari’s ownership structure reflects a balance between public ownership and the preservation of the company’s heritage and values.
Does Fiat Own Ferrari?
Fiat no longer owns Ferrari. However, Fiat played a significant role in Ferrari’s ownership history. In 1969, Enzo Ferrari sold a 50% stake in the company to Fiat, an Italian automobile manufacturer. Over the years, Fiat gradually increased its ownership stake in Ferrari, eventually reaching 90% ownership by 1988.
However, in 2014, Fiat Chrysler Automobiles (FCA), the parent company of Fiat, announced its plans to separate Ferrari from its corporate structure and list it as an independent company. The decision aimed to unlock the full potential of the Ferrari brand and allow it to operate independently. In January 2016, Ferrari made its debut as a publicly traded company on the New York Stock Exchange.
Following the spin-off, Ferrari is no longer owned by Fiat. The largest shareholder of Ferrari is Exor N.V., an Italian investment company controlled by the Agnelli family. Exor N.V. holds a significant stake in Ferrari, reflecting the family’s long-standing association with the Italian automotive industry.
Ferrari Shareholders: What Company Owns Ferrari?
The largest shareholder of Ferrari is Exor N.V., an Italian investment company controlled by the Agnelli family. Exor N.V. holds a significant stake in Ferrari, reflecting the family’s long-standing association with the Italian automotive industry.
Exor N.V. is an investment company with a diverse portfolio that includes investments in various industries, including automotive, media, insurance, and more. The company is known for its strategic and long-term investment approach.
It’s worth noting that ownership structures can change over time, and it’s always advisable to verify the latest information regarding Ferrari’s shareholders as it may have evolved since my last knowledge.
Ferrari’s Independent Status
Ferrari operates as an independent company within the automotive industry. After being spun off from Fiat Chrysler Automobiles (FCA) in 2015, Ferrari became a separate entity and is no longer directly owned by Fiat or FCA. The decision to establish Ferrari as an independent company was aimed at unlocking its full potential and allowing it to operate with greater autonomy.
As an independent company, Ferrari has its own management team, governance structure, and strategic direction. It has the freedom to make decisions regarding product development, branding, and business operations according to its unique vision and positioning in the luxury sports car market.
While Ferrari operates independently, it still maintains certain connections and collaborations with other companies. For instance, Ferrari has relationships with various suppliers for the production of its vehicles, and it collaborates with partners in areas such as technology, research, and motorsports. However, these relationships do not compromise its independent status as a company.
Ferrari’s independent status allows it to preserve its iconic brand image, maintain a focus on high-performance sports cars, and continue its racing heritage. It has the freedom to shape its own future and maintain its position as a symbol of automotive excellence and luxury.
Ferrari’s Success and Legacy
Ferrari’s success and legacy are deeply rooted in its rich history, relentless pursuit of excellence, and commitment to pushing the boundaries of automotive engineering. Here are some key factors that have contributed to Ferrari’s remarkable success and enduring legacy:
Racing Heritage: Ferrari’s involvement in motorsports, particularly Formula One racing, has been instrumental in establishing its reputation for performance and innovation. Ferrari has achieved unparalleled success on the race track, winning numerous championships and becoming synonymous with excellence in racing. The company’s racing DNA has influenced the design, technology, and performance of its road cars, creating a seamless link between the world of motorsports and high-performance automobiles.
Design and Styling: Ferrari is renowned for its iconic and timeless designs. The brand’s cars are known for their striking aesthetics, blending elegance, aggression, and aerodynamic efficiency. From the curves of the classic models to the angular lines of modern supercars, Ferrari’s design language has consistently captivated enthusiasts and set trends in the automotive industry.
Engineering and Innovation: Ferrari has always been at the forefront of automotive engineering and technological advancements. The company has introduced groundbreaking technologies and pioneered innovations in areas such as aerodynamics, engine performance, and handling dynamics. Ferrari’s continuous focus on research and development has resulted in cutting-edge technologies that enhance both the driving experience and overall performance of its vehicles.
Exclusivity and Luxury: Ferrari has cultivated an aura of exclusivity and luxury around its brand. The limited production numbers, meticulous craftsmanship, and attention to detail have contributed to the allure and desirability of Ferrari cars. Owning a Ferrari is seen as a symbol of success, prestige, and automotive passion, making it a coveted brand among enthusiasts and collectors.
Brand Image and Emotional Connection: Ferrari has built a strong brand image and a devoted fan base around the world. The prancing horse logo, associated with speed, power, and elegance, has become an iconic symbol of automotive excellence. Ferrari’s commitment to motorsports, its rich history, and the emotional connection it fosters with its customers through unforgettable driving experiences have solidified its place as a revered and aspirational brand.
Ferrari’s success and legacy extend far beyond the realm of automobiles. It represents the fusion of art, engineering, and passion, embodying the pursuit of perfection and the thrill of driving. As the company continues to innovate and create exceptional sports cars, its impact on the automotive industry and the hearts of enthusiasts worldwide is set to endure for generations to come.
Notable Ferrari Models and Achievements
Ferrari has produced numerous notable models and achieved remarkable accomplishments throughout its history. Here are some of the most iconic Ferrari models and significant achievements associated with the brand:
Ferrari 250 GTO: The Ferrari 250 GTO is widely regarded as one of the greatest and most valuable cars ever produced. It was built between 1962 and 1964, primarily for homologation purposes, allowing Ferrari to compete in the FIA’s Group 3 Grand Touring Car category. With its stunning design, powerful V12 engine, and racing success, the 250 GTO is considered a pinnacle of automotive engineering and has become a highly sought-after collector’s car.
Ferrari F40: Introduced in 1987 to celebrate Ferrari’s 40th anniversary, the F40 is an iconic supercar that pushed the boundaries of performance. It was the last Ferrari model personally approved by Enzo Ferrari before his death. The F40 featured a lightweight carbon fiber body, a twin-turbocharged V8 engine, and a top speed of over 200 mph (320 km/h). It is revered for its raw driving experience and remains an iconic symbol of automotive engineering prowess.
Ferrari Enzo: Named after the company’s founder, Enzo Ferrari, the Ferrari Enzo was unveiled in 2002 as a limited-production hypercar. It showcased Ferrari’s cutting-edge technology and represented the pinnacle of performance at the time. The Enzo featured a carbon fiber chassis, Formula One-inspired aerodynamics, and a V12 engine producing over 650 horsepower. Only 400 units were produced, making it an exclusive and highly coveted model.
Formula One Success: Ferrari’s achievements in Formula One racing are legendary. The team has won multiple Constructors’ Championships and Drivers’ Championships, with notable drivers such as Michael Schumacher, Niki Lauda, and Sebastian Vettel. Ferrari’s success in Formula One has solidified its status as one of the most dominant and storied teams in the history of the sport, and it has played a crucial role in enhancing the brand’s reputation and global recognition.
LaFerrari: Launched in 2013, the LaFerrari represents Ferrari’s first production hybrid supercar. It combines a powerful V12 engine with an electric motor to deliver exceptional performance and reduced emissions. The LaFerrari showcased Ferrari’s commitment to embracing sustainable technologies without compromising on performance. Limited to 499 units, the LaFerrari quickly sold out and remains highly sought after by collectors.
Record-Breaking Auctions: Ferrari cars consistently achieve record-breaking prices at auctions, highlighting their desirability and collectability. Notable examples include the sale of a 1962 Ferrari 250 GTO for a record-breaking $48.4 million in 2018, making it the most expensive car ever sold at auction at that time.
These are just a few examples of Ferrari’s notable models and achievements. The brand’s legacy is filled with countless other iconic cars, victories on the racetrack, and pioneering technological advancements, all contributing to its enduring reputation as a symbol of performance, luxury, and automotive excellence.
The Ferrari Brand and Image
The Ferrari brand and image are synonymous with prestige, luxury, and automotive excellence. Here are some key aspects that contribute to the strong brand and image of Ferrari:
Racing Heritage: Ferrari’s involvement in motorsports, particularly Formula One racing, has been a cornerstone of its brand image. The brand’s racing pedigree, success on the track, and continuous pursuit of victory have established Ferrari as a symbol of performance and competition. The prancing horse logo, derived from World War I flying ace Francesco Baracca, further reinforces Ferrari’s racing heritage.
Iconic Design and Styling: Ferrari is renowned for its iconic and timeless designs. The brand’s cars are meticulously crafted with striking aesthetics, capturing attention with their sleek lines, aerodynamic shapes, and captivating presence. Ferrari’s design language combines elegance, aggression, and aerodynamic efficiency, creating an unmistakable and instantly recognizable visual identity.
Exclusivity and Rarity: Ferrari maintains an aura of exclusivity and rarity by limiting production numbers and carefully selecting its clientele. The brand’s emphasis on limited production runs and personalized customization options adds to the allure and desirability of owning a Ferrari. The exclusivity associated with Ferrari creates a sense of prestige and a feeling of belonging to an elite group of enthusiasts.
Performance and Technological Innovation: Ferrari’s commitment to performance and technological innovation is a core aspect of its brand identity. The brand consistently pushes the boundaries of automotive engineering, introducing cutting-edge technologies and advancements in areas such as aerodynamics, engine performance, and handling dynamics. Ferrari cars are revered for their exceptional power, acceleration, and precision on both the road and the racetrack.
Emotional Connection and Passion: Ferrari evokes strong emotions and a sense of passion among enthusiasts and fans worldwide. The brand embodies the spirit of automotive passion, with its cars evoking a visceral and emotional response when driven. Owning a Ferrari represents a lifelong dream for many, connecting individuals to the rich history, racing heritage, and the unique experience of driving a Ferrari.
Brand Extensions and Partnerships: Ferrari has successfully extended its brand beyond automotive production. Licensing agreements and partnerships with luxury brands in various sectors, such as apparel, accessories, and lifestyle products, have further strengthened the Ferrari brand image. These collaborations reinforce the brand’s association with luxury, craftsmanship, and a sophisticated lifestyle.
The Ferrari brand and image are carefully cultivated and maintained through a combination of racing success, iconic design, technological innovation, and a deep emotional connection with its passionate fan base. It represents the epitome of automotive luxury and performance, making it an aspirational and revered brand globally.
Collecting and Investing in Ferrari
Collecting and investing in Ferrari cars can be an exciting endeavor, combining a passion for automobiles with the potential for financial returns. Here are some key considerations for collecting and investing in Ferrari:
Rarity and Historical Significance: When collecting Ferraris, rarity and historical significance are crucial factors. Limited production numbers, iconic models, and vehicles with a significant racing heritage tend to appreciate in value over time. Examples include classic models like the Ferrari 250 GTO or limited-production hypercars like the LaFerrari Aperta.
Condition and Authenticity: The condition of a Ferrari is a critical aspect of its value. Originality, well-documented service history, and matching numbers contribute to a car’s authenticity and overall desirability. Cars with original components and in pristine condition generally command higher prices.
Expert Evaluation and Authentication: Before making a significant investment in a Ferrari, it is essential to seek expert evaluation and authentication. Consulting with reputable specialists, such as Ferrari marque experts or appraisers, can help assess the car’s condition, provenance, and potential investment value.
Market Trends and Demand: Stay informed about market trends and demand for specific Ferrari models. Historical sales data, auction results, and market analysis can provide insights into the current and projected values of different Ferrari cars. Understanding the preferences and buying patterns of collectors and enthusiasts can help guide your investment decisions.
Maintenance and Preservation: Proper maintenance and preservation are crucial for maintaining the value of a Ferrari. Regular servicing by authorized dealers or certified mechanics ensures that the car remains in optimal condition. Proper storage, upkeep of original components, and adherence to maintenance schedules are essential for preserving a Ferrari’s value.
Diversification and Long-Term Perspective: Like any investment, it is advisable to diversify your portfolio. While Ferraris have historically appreciated in value, it is essential to consider other investment options to spread risk. Additionally, investing in Ferraris should generally be viewed as a long-term endeavor, as values can fluctuate over time.
Passion and Enjoyment: Collecting and investing in Ferraris should also be driven by passion and enjoyment. Appreciating the beauty, craftsmanship, and driving experience of these iconic cars can provide immense personal satisfaction, even if financial returns are not the primary goal.
It’s important to note that investing in classic cars, including Ferraris, carries inherent risks, and returns on investments are subject to market conditions and individual circumstances. Consulting with financial and investment professionals with expertise in collectibles can provide valuable guidance tailored to your specific investment goals and objectives.
Frequently Asked Questions
While Exor N.V. is the largest shareholder of Ferrari, there may be other significant shareholders. It’s recommended to refer to the latest information and financial reports to determine the complete ownership structure of Ferrari.
Yes, shares of Ferrari are traded on the stock market, specifically on the New York Stock Exchange (NYSE). If you are interested in purchasing shares, you can contact a licensed stockbroker or use an online brokerage platform to trade Ferrari stock.
Yes, Ferrari became a publicly traded company in January 2016. It made its debut on the New York Stock Exchange (NYSE) under the ticker symbol “RACE.” Being a publicly traded company allows for independent ownership and enables investors to buy and sell shares of Ferrari on the stock market.
No, Fiat is no longer the direct owner of Ferrari. Fiat Chrysler Automobiles (FCA), the parent company of Fiat, separated Ferrari from its corporate structure in 2014, and Ferrari has been operating as an independent company since then.
The largest shareholder of Ferrari is Exor N.V., an Italian investment company controlled by the Agnelli family.
The CEO of Ferrari was Louis C. Camilleri. However, it’s advisable to verify the latest information as leadership positions can change over time.
In conclusion, as of my knowledge cutoff in September 2021, Ferrari is not directly owned by Fiat or Fiat Chrysler Automobiles (FCA). In 2014, FCA announced its plans to separate Ferrari from its corporate structure and list it as an independent company. Since then, Ferrari has operated as an independent entity. The largest shareholder of Ferrari is Exor N.V., an Italian investment company controlled by the Agnelli family. Exor N.V. holds a significant stake in Ferrari, reflecting the family’s long-standing association with the Italian automotive industry.
However, ownership structures can change over time, and it’s important to verify the latest information regarding Ferrari’s ownership. The dynamic nature of the automotive industry and the strategic decisions made by companies and investors may result in shifts in ownership arrangements.