Ferrari: A Legacy of Speed and Luxury Ferrari S p A, the iconic Italian luxury sports car manufacturer, traces its origins to 1939, founded by Enzo Ferrari. The company's first car debuted in 1940, solidifying its presence in the automotive world. Adopting its current name in 1945, Ferrari commenced its renowned road car production in 1947. The company's journey involved a transition to public ownership in 1960, followed by a period as a Fiat S p A subsidiary (1963-2014). Ferrari ultimately became independent in 2016, after Fiat Chrysler Automobiles spun it off. Ferrari’s contribution to motorsport is undeniable. Scuderia Ferrari, its Formula One team, boasts a legacy dating back to 1929, holding numerous records in Grand Prix and Formula One racing. The team's consistent presence, alongside historical success in sports car racing events like the Mille Miglia and 24 Hours of Le Mans, cemented Ferrari’s place in racing history. The brand's strong global recognition is rooted in its racing heritage, coupled with its image of luxury and exclusivity. Currently, Ferrari offers a diverse range encompassing supercars, grand tourers, and an SUV. Early models from the 1950s and 60s frequently command record prices at auctions, further underscoring the brand's enduring value. As of May 2023, Ferrari stands as one of the world's largest car manufacturers by market capitalization, valued at approximately US$85.5 billion, testament to its enduring global appeal.
