An Italian carmaker, Ferrari S.p.A founded in 1929 as Scuderia Ferrari. The company is headquartered in Maranello, Italy. Initially, the company was involved in sponsoring drivers and manufactured race vehicles. Later in 1947, the company started its operations as Ferrari S.p.A with a production of street legal vehicles.
All over its history, Ferrari has been known for its lasting partaking in racing, particularly in Formula One. The company has had great success in Formula One over the course of its long history.
However, in the middle years, the company had gone through some serious financial troubles and during that particular time, the founder of Ferrari, Enzo Ferrari, sold the sports car division of the company to the Fiat in 1969. However, he continued to retain the control of racing division until his death in 1988, when he died at the age of 90.
In the similar year before his death, he had also supervised the launch of the Ferrari F40 – the last new Ferrari introduced and is assumed to be one of the most popular supercars ever produced.
Ferrari is an Italian luxury carmaker. Its road cars are normally represented as a symbol of wealth, luxury, class and high performance.
Filed Under: Car Brands
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