Who Owns the Company Ferrari?

Ferrari is an iconic luxury sports car company that ranks among the best in this niche and has a great reputation with drivers who love powerful cars as well as auto racing enthusiasts. That the folks at Ferrari are as interesting a story as the cars they build. Their history of going in and out of many different ownership structures, their passion for speed and beauty. In today’s entry, we’ll go over Ferrari through the ages and how it is currently set up as well as some questions that may want to be answer about Who owns the company Ferrari, and what people know of this brand.

Who Owns the Company Ferrari: A Brief History

Let’s discuss more about who owns the company Ferrari.

Origins with Enzo Ferrari

Despite having been establishe only in 1939, the company’s fast automobiles have made it one power horse among other automakers due to Enzo Ferrari, an Italian race car driver who prefers speed. Landmarks in the company’s history include Ferrari’s very first car inspired by an Alfa Romeo and came out of the restless 1947 Poland. Soon the company was seen as serious in motorsports not only on track, but off.

Fiat’s Acquisition

By 1969, Fiat (known as Stellantis) had bought a 50% stake in Ferrari and provided the much-needed cash to help finance its expansion. Over the course of over a decade, Fiat gradually increased its stake to 90% and held majority control of Ferrari while still allowing Enzo with significant influence.

Who Owns The Company Ferrari Today?

So, now as we have discussed the brief history about who owns the company Ferrari. Let’s look at its present owners.

Exor N.V. – Largest Shareholder

The holding is own by the Dutch company Exor N.V., which itself is controlled by the Agnelli family, founders of Fiat, and currently controls approximately 24% stake in Ferrari-FCA. The Agnelli family maintains tight control over strategic decisions within the automaker. thanks to this significant influence Exor has in Ferrari, no doubt mindful of that luxurious and pricey image.

Frederic Vasseur is the team principal of Ferrari.

Public Shareholders

Then, the rest do trade publicly making it possible for institutional investors, individual investors and even Ferrari fans to own a piece of the brand. This combined with the 67% of shares owned by public shareholders gives Ferrari a more varied ownership profile.

Piero Ferrari

Piero Ferrari, son of founder Enzo Ferrari still owns some 10% as well which keeps a direct line to the company’s origins. As Vice Chairman of Ferrari, Mauro Piero has a bit to do with how that goes on at the cultural and political levels.

Major Figures in Ferrari’s Management

There are some important names that come to light when talking about who owns the company Ferrari.

CEO: Benedetto Vigna

It is in the hands of Benedetto Vigna, who succeeded as CEO this year from a technology background. Ferrari under his leadership is exploring electrification and advanced vehicle technology, while still remaining a core high-performance brand.

Chairman: John Elkann

Ferrari chairman Sergio Marchionne is now the head of Fiat-Chrysler, as well as its Scuderia F1 team director. Elkann has been instrumental in transforming Ferrari to the current innovator it is now. While ensuring that its heritage remained linked with its extensive motorsport origins.

Ferrari’s Future: What’s Next in This Brand

This ownership structure ensures that Ferrari remains dedicated to values of innovation, tradition and sustainability. With the world’s transition to electric vehicles, Ferrari is responding by including (or working on) hybrid and full-electric models still wrapped in a blanket of luxury, performance, and exclusivity.

FAQs

Q1. Who is the largest shareholder of Ferrari?

Ferrari’s biggest shareholder is Exor N.V., the holding company of Italy’s Agnelli family, which owns about a 24% stake.

Q2. Ferrari is a Publicly Trade Company?

To answer that, we will say No, Ferrari is trade on the New York Stock Exchange as “RACE”

Q3. Does Fiat still own Ferrari?

Ferrari is no longer part of Fiat (recently rebranded as Stellantis). The company was spun off in 2015, but it is still mainly owned by Exor N.V., controlled by Fiat’s founding Agnelli family.

Question 3: Who is Piero Ferrari?

The son of Enzo Ferrari, Piero Ferrari, owns the remaining 10%. This has kept him active in Ferrari leadership as Vice Chairman.

Q4. How Will Ferrari Change In The Days Ahead?

Ferrari is looking to broaden its lineup with electrified vehicles that are and line with international emissions standards. Allowing the marque to retain and even enhance its reputation for high performance without getting flack from global environmental authorities.

Conclusion

We hope that now you have got the answer of who owns the Ferrari company. Its politically powerful, historically connected and otherwise traditional corporate governance has ensured that Ferrari remains artificially aloof. Exor N.V., Piero Ferrari, and public shareholders are the major stakeholders here that will lead the brand into an innovation fuelled future while still retaining its traditions. Whether you are a diehard Ferrari fan or an investor, this iconic brand is still setting the benchmark for luxury and performance in the automotive industry.