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Company History

Ferrari History: Founding, Growth & Key Milestones

Founded 1947 in Maranello, Italy

When was Ferrari founded?

Ferrari was founded in 1947 in Maranello, Italy by Enzo Ferrari, making it 79 years old.

Founded
1947
Founding place
Maranello, Italy
Founders
Enzo Ferrari
Headquarters today
Maranello, Italy
Milestones documented
13 (1929–2026)
Current CEO
Benedetto Vigna
Acquisitions
3
YearEvent
1929Scuderia Ferrari Founded
1947Company Founded
1969Fiat Acquisition
1969Acquired Fiat's Acquisition of Ferrari
1987F40 Launched
1988Death of Enzo
2002Enzo Ferrari launched
2015Initial Public Offering
2015Ferrari IPO
2016Separation From Fiat Chrysler
2018John Elkann becomes chairman
2021Benedetto Vigna becomes CEO
2026Luce unveiled
Where was Ferrari founded?
Ferrari was founded in Maranello, Italy in 1947. wikidata.org
Who founded Ferrari?
Ferrari was founded by Enzo Ferrari.
When did Ferrari start?
Ferrari was founded in 1947.
How old is Ferrari?
Ferrari is 79 years old as of 2026.

Founding Story

Enzo Ferrari was a highly complex, highly combative man who hated building cars for regular people. In 1947, he only started selling road-going sports cars for one specific reason: his Formula 1 racing team (Scuderia Ferrari) was bleeding large amounts of cash, and he needed money to fund the race cars. He viewed the wealthy aristocrats who bought his street cars with mild contempt, seeing them merely as a funding mechanism to help his engineers beat Alfa Romeo and Maserati on the race track. This intense, racing-first DNA completely defined the well-known brand.

Founders

Enzo Ferrari

Enzo Ferrari, famously known as 'Il Commendatore', was a complex, notoriously abrasive, and effective figure. He didn't care about selling road cars; his only passion was winning races. When Alfa Romeo withdrew its racing support, Ferrari left to build his own cars, legally barred from using his own name on a car for four years. In 1947, the first true Ferrari, the 125 S, drove out of the factory gates in Maranello. For decades, Enzo viewed the wealthy clients who bought his road cars largely as a nuisance, a necessary evil to generate cash to fund his Formula 1 and Le Mans teams. He was famous for pitting his own engineers and drivers against each other to drive performance, resulting in a culture of extreme pressure and historic victories. He ran the company with total autocratic control until he sold a 50% stake to Fiat in 1969 to ensure the financial survival of his racing team. He died in 1988 at the age of 90, having built the most famous automotive brand in history purely as a byproduct of his racing obsession. Born in Modena in 1898, Enzo developed an early fascination with auto racing after attending a track event with his father. Despite a lack of formal engineering education, his natural charisma, ambition, and sheer force of will allowed him to assemble and manage teams of effective engineers and drivers. Enzo Ferrari was born in 1898.

Key Milestones

1929

Scuderia Ferrari Founded

Enzo Ferrari founded the Scuderia Ferrari racing team in Modena in 1929.

Source: en.wikipedia.org
1947

Company Founded

Enzo Ferrari founded the company.

Source: en.wikipedia.org
1969

Fiat Acquisition

Fiat acquired a 50% stake.

Source: en.wikipedia.org
1969

Acquired Fiat's Acquisition of Ferrari

Ferrari acquired Fiat's Acquisition of Ferrari. In 1969, Enzo Ferrari, facing mounting financial pressure to fund his racing operations and modernize his road car production facilities, sold a 50% stake in his company to the Italian automotive giant Fiat S.p.A.

Source: en.wikipedia.org
1987

F40 Launched

Ferrari launched the F40 in 1987 to mark its 40th anniversary.

Source: en.wikipedia.org
1988

Death of Enzo

Founder Enzo Ferrari passed away.

Source: en.wikipedia.org
2002

Enzo Ferrari launched

Launched the Enzo model.

Source: en.wikipedia.org
2015

Initial Public Offering

Ferrari completed its IPO on the New York Stock Exchange.

Source: en.wikipedia.org
2015

Ferrari IPO

Ferrari listed on the New York Stock Exchange in October 2015.

Source: en.wikipedia.org
2016

Separation From Fiat Chrysler

Ferrari completed its separation from Fiat Chrysler Automobiles in January 2016.

Source: en.wikipedia.org
2018

John Elkann becomes chairman

John Elkann became chairman of Ferrari in 2018. Represents Ferrari's largest shareholder, Exor, on the board and oversees long-term strategy.

Source: ferrari.com
2021

Benedetto Vigna becomes CEO

Benedetto Vigna became CEO of Ferrari in 2021. Vigna's leadership marks a profound shift for Ferrari, emphasizing digital innovation and sustainable performance over pure internal combustion heritage.

Source: en.wikipedia.org
2026

Luce unveiled

First fully electric Ferrari unveiled at about €550,000.

Source: cnbc.com

Major Acquisitions

Carrozzeria Scaglietti

1977

Ferrari formally acquired coachbuilder Carrozzeria Scaglietti in Modena, which had hand-crafted Ferrari aluminum bodies since the 1950s.

Dino Brand and Powertrain Assets

1976

Consolidated the mid-engine Dino sports car manufacturing operations directly under the official Ferrari prancing horse brand.

Ferrari Financial Services Europe

2014

Acquired captive customer vehicle financing and client leasing operations from Fiat Group joint ventures.

Keep researching Ferrari

Ferrari Company History FAQ

How did Ferrari start?

Ferrari was founded in 1947 by Enzo Ferrari. However, Enzo had zero interest in selling cars to the public. He originally founded the Scuderia Ferrari racing team in 1929. He only started building and selling street-legal sports cars reluctantly, purely as a way to finance his incredibly expensive obsession with Formula 1 racing.

Related Strategic History

Compare founding milestones and corporate evolution

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.