Ferrari (automotive company)

Ferrari is an Italian luxury sports vehicle manufacturer with its headquarters in Maranello, Italy. The Auto Avio Costruzioni firm was established by Enzo Ferrari (1898-1988) in 1939 from the Alfa Romeo racing section. The company manufactured its first automobile in 1940 and its first vehicle with the Ferrari mark in 1947. In 1969, Fiat S.p.A. purchased 50% of Ferrari, and in 1988, it increased its ownership to 90%. Fiat Chrysler Automobiles (FCA), which at the time of the announcement owned 90% of Ferrari, said in October 2014 that it intended to separate Ferrari S.p.A. from FCA.
With a restructuring that made Ferrari N.V., a Dutch company, the new holding company of the Ferrari S.p.A. group, and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange, the separation officially began in October 2015. The remaining parts of the split involved distributing FCA's investment in Ferrari's business among FCA shareholders, with Piero Ferrari continuing to retain 10% of it. The spin-off was finished on January 3, 2016.
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