Ferrari is one of the most iconic and recognizable brands in the automotive industry.
Enzo Ferrari founded the company in 1929, and it has since become synonymous with luxury, speed, and high performance.
However, many people wonder if Fiat owns Ferrari and what the current ownership structure looks like.
In 2016, Fiat Chrysler Automobiles (FCA) spun off Ferrari as its own entity, Ferrari N.V. This move made Ferrari a public company and allowed it to operate independently. So, while Fiat no longer owns Ferrari, it still holds a significant stake in the company.
Additionally, Piero Ferrari, Enzo Ferrari’s son, owns 10% of the shares, and the remaining 67.09% is available for public ownership through the New York Stock Exchange.
As a subsidiary of FCA Stellantis, Fiat is one of the largest automotive companies in the world.
It produces a wide range of vehicles, including cars, trucks, and commercial vehicles. While it no longer owns Ferrari, the company continues to be a major player in the industry and has a significant impact on the automotive landscape.
Who Owns Ferrari
Ferrari is one of the most iconic automobile manufacturers in the world. The company was founded in 1929 by Enzo Ferrari, who started Scuderia Ferrari in Modena, Italy, to provide race cars to Alfa Romeo.
Over the years, Ferrari has changed hands several times, and today, its ownership structure is quite complex.
History of Ownership
In 1969, Fiat S.p.A. acquired 50% of Ferrari and expanded its stake to 90% in 1988. In 2014, Fiat Chrysler Automobiles (FCA) announced its intentions to separate Ferrari S.p.A. from FCA.
As of the announcement, FCA owned 90% of Ferrari. In 2016, Ferrari was spun off as its own entity, Ferrari N.V., and became a public company.
Current Ownership Structure
As of 2023, Ferrari is owned by a number of different investors. The Agnelli family, which is the controlling shareholder of Fiat Chrysler Automobiles (FCA), owns the largest stake in Ferrari.
Other major Ferrari shareholders include Piero Ferrari (Enzo Ferrari’s son) and Exor (an investment company that is also controlled by the Agnelli family).
Fiat Chrysler Automobiles owns 22.91% of shares, with 67.09% in Public Ownership available through the NYSE. Sergio Marchionne, the former CEO of FCA, played a significant role in separating Ferrari from FCA and creating Ferrari N.V. He passed away in 2018.
Ford once owned a controlling stake in Ferrari in the early 2000s, but sold its stake to FCA in 2011.
Today, Ferrari is an independent company with a global presence in the luxury car market.
In conclusion, Ferrari has had a complex ownership history, and its current ownership structure is made up of several key players, including the Agnelli family, Piero Ferrari, and Exor.
The company’s recent spinoff as a public company has made it more accessible to investors and has allowed it to continue to innovate and produce some of the world’s most iconic cars.
What Brands Does Fiat Own
Fiat is a major Italian automobile manufacturer that has been in business since 1899. Over the years, the company has acquired several other brands, including some well-known names in the automotive industry. Here are some of the brands that Fiat currently owns:
Fiat acquired Chrysler in 2014, creating the Fiat Chrysler Automobiles (FCA) group. Chrysler is an American brand that produces a range of vehicles, including sedans, SUVs, and minivans.
Alfa Romeo is an Italian luxury brand that was founded in 1910. Fiat acquired the company in 1986 and has since invested heavily in the brand’s design and engineering.
Alfa Romeo produces a range of sporty vehicles, including the Giulia sedan and the Stelvio SUV.
Maserati is another Italian luxury brand that was acquired by Fiat in 1993. The brand is known for producing high-performance sports cars and luxury sedans.
Jeep is an American brand that produces SUVs and off-road vehicles. Fiat acquired the brand as part of the Chrysler acquisition in 2014.
Jeep is known for its rugged, adventurous vehicles, including the Wrangler and the Grand Cherokee.
Dodge is an American brand that produces a range of vehicles, including muscle cars, SUVs, and minivans. Fiat acquired the brand as part of the Chrysler acquisition in 2014.
Ram is a brand that produces pickup trucks and commercial vehicles. Fiat acquired the brand as part of the Chrysler acquisition in 2014.
In addition to the brands listed above, Fiat also owns several other brands under the Fiat Group umbrella. These include:
- Abarth: a performance brand that produces high-performance versions of Fiat vehicles
- Lancia: an Italian brand that produces luxury vehicles
- Iveco: a brand that produces commercial vehicles, including trucks and buses
- Ferrari: While Fiat used to own Ferrari, it was spun off as its own entity in 2016 and is now an independent company.
General Motors and Jaguar
While Fiat does not currently own General Motors or Jaguar, the company has had partnerships with both brands in the past.
In the early 2000s, Fiat and General Motors had a joint venture that involved sharing technology and producing vehicles together.
Fiat also had a partnership with Jaguar in the 2000s that involved producing engines for the luxury brand.
What Does Fiat Stand For
Fiat is an Italian automobile manufacturer that was founded in 1899. The name Fiat stands for “Fabbrica Italiana Automobili Torino,” which translates to “Italian Automobile Factory of Turin” in English.
The company is a major automaker and is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol FCAU.
As of May 2023, the company’s market capitalization is approximately $23 billion.
The Prancing Horse logo, which is associated with Ferrari, is also a symbol of the Fiat brand.
FCA Stellantis Merger
In January 2021, Fiat Chrysler Automobiles (FCA) and Peugeot’s parent company, Groupe PSA, completed their 50:50 merger, forming a new company – Stellantis.
The merger makes Stellantis one of the biggest automakers in the world with 15 brands under its umbrella. However, Ferrari is not part of the newly formed company.
Impact on Fiat and Ferrari
Fiat Chrysler Automobiles (FCA) is now part of Stellantis, but Ferrari is not. Ferrari is a luxury automotive brand that was spun off from FCA in 2015.
The separation allowed FCA to focus on mass-market brands, while Ferrari could concentrate on high-end luxury vehicles.
The Stellantis merger has not affected Ferrari’s ownership structure. Ferrari is still an independent company, and it is not part of Stellantis.
The separation of Ferrari from FCA was intended to allow Ferrari to operate independently and pursue its own goals and objectives.
Ferrari has a long history in motorsports, including Formula One. The Scuderia Ferrari team has won numerous Formula One championships, and Ferrari has also been involved in other motorsports, such as endurance racing.
Ferrari was founded in 1947 by Enzo Ferrari, who was previously an engineer at Auto Avio Costruzioni, which built racing cars in the 1930s.
Ferrari has also been involved in the production of road cars, including the iconic Ferrari 250 GTO, which is considered one of the most valuable cars in the world.
Ferrari has continued to produce high-end luxury vehicles, such as the Ferrari 812 Superfast and the Ferrari SF90 Stradale.
While Ferrari is not part of Stellantis, Stellantis does own several other luxury automotive brands, including Maserati and DS Automobiles.
Stellantis also has a joint venture with Tesla to produce electric vehicles in Europe, and it owns the Mini brand through its acquisition of BMW’s former partner, PSA.
Luca di Montezemolo, a former chairman of Ferrari, played a key role in the company’s success in the 1990s and early 2000s.
He was responsible for expanding Ferrari’s production and increasing its involvement in motorsports.
Montezemolo also oversaw the launch of the Ferrari Enzo, which was named after the company’s founder.
In conclusion, the Stellantis merger has not affected Ferrari’s ownership structure. Ferrari is still an independent company, and it is not part of Stellantis.
While Stellantis owns several other luxury automotive brands, Ferrari has a unique history and reputation in motorsports and high-end luxury vehicles.
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Machinery, engines, and farming have always been a passion of his since he was a young boy. Growing up on a small farm in rural America, he learned the value of hard work and dedication from an early age.
After completing his degree in Engineering, he decided to follow his dream and became a farmer in 2009.
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