Ferrari
When Enzo Ferrari initially created his company Scuderia Ferrari in France in 1929, his intention was to sponsor amateur race automobile drivers and invent racing cars, and it would take him over 15 years after which Ferrari began to produce their own road cars in 1947.
Ferrari is still committed to the manufacture of racing cars and high performance sports cars and do not even look at designing other types of cars. Scuderia Ferrari is still the well known name for Gestione Sportiva, the part of the Ferrari Company that works with racing. Scuderia is a spanish word and means “stable”, but Scuderia Ferrari is sometime also loosely translated as Team Ferrari.
Ferrari created its first on road automobile in 1947. The 1947 125 S Ferrari had a 1.5 L V12 engine and the whole vehicle was considered incredibly beautiful and superbly designed. Enzo Ferrari was still focused in race cars and the Ferrari road cars were merely a way for him to finance his work with Scuderia Ferrari.
In 1961, after a dispute that had a large number of the employees leave, one of the most important tasks were to finish the improvement of the 250 GTO; an old 250-based model that could compete with the Jaguar E-type. The 250 GTO was finished in time to participate in the Sebring race and placed first in its class. Throughout 1962, the 250 GTO continued to win races and it is still one of the most well known race cars in history. The 1960 crisis became a very good decade for the company.
Today, FIAT controls 56 percent of Ferrari stocks. The rest are owned by Enzo’s con Piero Ferrari and by Commerzbank, Mediobanca and the Lehman Brothers.
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