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Ferrari N.V.

Ferrari N.V.
Native name
Ferrari N.V.
Public
Traded as
Industry Automotive
Founded 13 September 1939; 77 years ago (1939-09-13) in Modena, Italy (as Auto Avio Costruzioni)
Founder Enzo Ferrari
Headquarters
Key people
Products Sports cars
Production output
Increase 8,014 units (2016)
Revenue Increase €3.105 billion (2016)
Increase0595 million (2016)
Increase0399 million (2016)
Total assets Decrease €3.850 billion (2016)
Total equity Increase0325 million (2016)
Owners
Exor N.V. (22.91%)
Piero Ferrari (10.00%)
general public (67.09%)
Number of employees
3,115 (2016)
Subsidiaries Ferrari S.p.A.
Scuderia Ferrari
Website ferrari.com
Footnotes / references

Ferrari N.V. (pronounced [ferˈrari]) is an Italian sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 out of Alfa Romeo's race division as Auto Avio Costruzioni, the company built its first car in 1940. However the company's inception as an auto manufacturer is usually recognized in 1947, when the first Ferrari-badged car was completed.

In 2014, Ferrari was rated the world's most powerful brand by Brand Finance. In May 2012 the 1962 Ferrari 250 GTO became the most expensive car in history, selling in a private transaction for US$38.1 million to American communications magnate Craig McCaw.

Fiat S.p.A. acquired 50 percent of Ferrari in 1969 and expanded its stake to 90 percent in 1988. In October 2014 Fiat Chrysler Automobiles announced its intentions to separate Ferrari S.p.A. from FCA; as of the announcement FCA owned 90 percent of Ferrari. The separation began in October 2015 with a restructuring that established Ferrari N.V. (a company incorporated in the Netherlands) as the new holding company of the Ferrari group and the subsequent sale by FCA of 10 percent of the shares in an IPO and concurrent listing of common shares on the . Through the remaining steps of the separation, FCA's interest in Ferrari's business was distributed to shareholders of FCA, with 10 percent continuing to be owned by Piero Ferrari. The spin-off was completed on 3 January 2016.


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