FERRARI S.p.A.
Type: Public (S.p.A.)
Industry: Automotive
Founded: 13 September 1939
Founder: Enzo Ferrari
Headquarters: Maranello, Emilia-Romagna, Italy
Area served: Worldwide
Parent: Ferrari N.V.
Website: www.ferrari.com
Ferrari S.p.A. is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1939 out of the Alfa Romeo race division as Auto Avio Costruzioni, the company built its first car in 1940, and produced its first Ferrari-badged car in 1947.
On 29 October 2014, the FCA group, resulting from the merger between manufacturers Fiat and Chrysler, announced the split of its luxury brand, Ferrari. The aim was to turn Ferrari into an independent brand, 10% of whose stake would be sold in an IPO in 2015. Ferrari officially priced its initial public offering at $52 a share after the market close on 20 October 2015.
On 10 December 2020, CEO Louis Camilleri announced that he will step down as CEO and chairman John Elkann will step in to the Interim CEO role until a permanent successor is selected.
On 9 June 2021, the company announced the appointment of Benedetto Vigna from Geneva-based STMicroelectronics as its next CEO starting September.
The famous symbol of Ferrari is a black prancing horse on yellow background, usually with the letters S F for Scuderia Ferrari. The symbol is crowned with white, green and red strips that symbolize Italian national colors.
