|
Ferrari is an automobile manufacturing company that was first founded by Enzo Ferrari in 1929. The company was then known by the name Scuderia Ferrari and was a company that primarily focused on the production of racecars. A former employee of Alfa Romeo, Enzo worked for them during the decade preceding the establishment of Scuderia Ferrari and decided to branch off on his own and set up shop in Maranello, Italy. Eventually, he changed the manufacturing approach and began making vehicles for the general public.
In 1945 the company began working on a vehicle with a 12-cylinder engine, one that could be used for racing as well as on the road, and two years later the vehicle known as the 125S was introduced to the automobile industry. In the late sixties the company required additional financial backing and the Fiat Group purchased 50 percent of the company. Today, Ferrari remains a subsidiary of the Fiat Group that now retains 85 percent control over the company.
|