Does Volkswagen Own Ferrari? (I did not know this!)

One question that has come up frequently is whether Volkswagen owns Ferrari. After doing some research, I can say with confidence that Volkswagen does not own Ferrari.

While Volkswagen is a major player in the automotive industry, owning several well-known brands such as Audi, Porsche, and Lamborghini, Ferrari is not one of them.

However, there have been talks of a potential acquisition in the past. In 2009, Volkswagen’s chairman, Ferdinand Piëch, expressed interest in acquiring Ferrari from Fiat.

However, the Agnelli family, which controls Fiat, refused to sell the company.

In 2015, there were rumors that Volkswagen was once again considering an acquisition of Ferrari. However, these rumors were quickly denied by both companies.

As of now, Ferrari remains an independent company, with Piero Ferrari owning 10% of the shares and the remaining shares being publicly traded.

Overall, Ferrari’s ownership history is a complex one, with multiple entities playing a role in the company’s development.

From its early years as a racing team to its current status as a luxury car manufacturer, Ferrari’s ownership history is a testament to the company’s enduring legacy.

Who Owns Ferrari?

As a car enthusiast, I have often wondered who owns Ferrari. In this section, I will discuss the different entities that have owned Ferrari and who currently own the luxury sports car brand.

The Public

In 2015, Ferrari became a public company and was listed on the New York Stock Exchange. Ferrari N.V., the parent company, sold 10% of its shares to the public. The remaining shares are held by Exor N.V. and Piero Ferrari, the son of Enzo Ferrari, the founder of Ferrari.

Exor N.V. (Owners of FCA)

Exor N.V. is an Italian investment company that is the largest shareholder of Fiat Chrysler Automobiles (FCA).

FCA is the parent company of several car brands, including Fiat, Chrysler, Maserati, Alfa Romeo, and Dodge. Exor N.V. owns 22.91% of Ferrari N.V. and has a 28.4% voting stake in the company.

The Agnelli family is known for their ownership of Fiat Chrysler Automobiles (FCA), which recently merged with the French carmaker PSA to form Stellantis.

Piero Ferrari

Piero Ferrari is the son of Enzo Ferrari and owns 10% of Ferrari N.V. Despite owning only a small percentage of the shares, he is a key individual in the company and serves as the vice chairman. He is also the chairman of his private engineering business venture, HPE COXA.

Conclusion

In summary, Ferrari is a public company with Exor N.V. and Piero Ferrari as the largest shareholders. Exor N.V. is an Italian investment company that is the largest shareholder of FCA, while Piero Ferrari is the son of Enzo Ferrari, the founder of Ferrari.

History of Ferrari Ownership

As I researched the topic, I discovered that the ownership of Ferrari has changed hands several times throughout its history. Here is a brief overview of Ferrari’s ownership history:

Early Years

Ferrari was founded by Enzo Ferrari in 1929 as Scuderia Ferrari, a racing team that provided race cars to Alfa Romeo.

In 1940, Ferrari began producing its own cars under the name Auto Avio Costruzioni. However, it wasn’t until 1947 that the first Ferrari-badged car was produced.

Ferrari Under Fiat

In 1969, Fiat acquired 50% of Ferrari’s shares, which increased to 90% by 1988. Despite Fiat’s ownership, Enzo Ferrari retained control of the company until his death in 1988.

After Enzo’s death, control of Ferrari passed to Piero Ferrari, Enzo’s son, and Luca di Montezemolo, who served as chairman of Ferrari from 1991 to 2014.