Ferrari’s early life
Enzo Ferrari was born in Modena, Italy in 1898. Before Ferrari Manufactured cars he raced cars in the 1920s. He was a driver for Alfa Romeo. Ferrari won many awards as a racer such as the 2nd Circuito di Modena. At the end of the 1920s, in 1929, Ferrari founded Scuderia Ferrari. This is the official race car for Ferrari. However the car started off as separate division at Alfa Romeo. In the 1930s Enzo continued racing. In 1931, Enzo took second place at the Circuito Tre Province. This would be Ferrari’s final race. Ferrari stopped racing due to birth of his son Dino. In 1939, Ferrari left Alfa Romeo and started his own car company. He named it Avio. The iconic Ferrari name would not bare an automobile until 1957. The first car that would bare the name would be the Ferrari 125 S.
The start of Ferrari’s car company
Ferrari started building cars in the 1940s. He introduced Ferrari’s iconic V12 engine in 1945. The V12 would be Ferrari most popular engine. In 1947, Ferrari rolled out his first car out of the factory in Maranello. It was the 125 and 125 sport. The car was first raced in May 1947. The race happened at the Grand Prix in Rome. The car one the race. In the 1950s, Ferrari opened its first United States showroom. Ferrari then moved to more and more countries. It was starting to become a success. In 1969, Ferrari founded The Fiat Group. Finally, in 1987, Fiat introduced their first car. On August 14, 1988, Enzo Ferrari sadly passed away. In 1991, Luca di Montezemolo took over as chairman.
Ferrari during present day
In October of 2014 Luca di Montezemolo stepped down as chairman and Sergio Marchionne became Chairman. The new chairman decided to separate Ferrari from the Fiat group. Then, Ferrari N.V. in 2015 became an IPO on the New York stock exchange valued at 10 billion dollars. They later launched in 2016 at the Milan Stock Exchange.
Fun Facts:
Today 85 percent of Ferrari owners have the color red on their car.
Ferrari had won over 5,000 prizes in racing.
The Three most Expensive Ferrari’s sold
