Ferrari is an Italian manufacturer of racing cars and high-performance sports cars formed by Enzo Ferrari in 1929 . At first, Scuderia Ferrari sponsored drivers and manufactured racecars; the company went into independent car production in 1946 , eventually became Ferrari S.p.A. , and is now controlled by the Fiat group. The company is based in Maranello , near Modena , Italy .

History

1929-1946

Ferrari founder Enzo Ferrari never intended to produce road cars when he formed Scuderia Ferrari in 1929 as a sponsor for amateur drivers headquartered in Modena. Ferrari prepared and successfully raced various drivers in Alfa Romeo cars until 1938 , when he was officially hired by Alfa as head of their racing department.

In 1940 , upon learning of the company's plan to absorb his beloved Scuderia and take control of his racing efforts, he quit Alfa. Because he was prohibited by contract from racing for several years, the Scuderia briefly became Auto Avio Costruzioni Ferrari , which ostensibly produced machine tools and aircraft accessories. Ferrari did in fact produce one racecar, the Tipo 815 , in the non-competition period; it was thus the first actual Ferrari car, but due to World War II it saw little competition. In 1943 the Ferrari factory moved to Maranello, where it has remained ever since. The factory was bombed in 1944 and rebuilt in 1946 to include a works for road car production.

"Scuderia Ferrari" literally means "Ferrari Stable" in keeping with the prancing horse emblem; the name is figuratively translated as "Team Ferrari."

1946-present

The first Ferrari road car was the 1947 125 S, powered by a 1.5-litre V12 engine; Enzo reluctantly built and sold his automobiles to fund the Scuderia. While his beautiful and blazingly fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers, most of whom he felt were buying his cars for the prestige and not the performance value.

Ferrari road cars, noted for their exquisite styling by design houses such as Pininfarina , have long been one of the ultimate accessories for the rich and young (or young-at-heart). Other design houses that have done work for Ferrari over the years include Scaglietti , Bertone , Touring , Ghia , and Vignale .

Ferrari cars feature highly-tuned small V8 and V12 engines , often in a mid-engined configuration; until the introduction of fuel injection in the 1980s, they were quite temperamental. Until the mid-1980s they carried a reputation for unreliability and bad engineering, though these were written off by enthusiasts as "character." Ferrari owners have famously and religiously defended the merits of their cars while virulently criticizing other brands.

As of 2004 , FIAT owns 56% of Ferrari, Mediobanca owns 15%, Commerzbank AG owns 10%, Lehman Brothers owns 7%, and Enzo's son Piero Ferrari owns 10%.

Racing

Enzo Ferrari 's true passion, despite his extensive road car business, was always auto racing. His Scuderia started as an independent sponsor for drivers in various cars, but soon became the Alfa Romeo in-house racing team. After Ferrari's departure from Alfa, he began to design and produce cars of his own; the Ferrari team first appeared on the European grand prix scene after the end of World War II .

The Scuderia joined the Formula One World Championship in the first year of its existence, 1950 . Jose-Froilan Gonzalez gave the team its first victory at the 1951 British Grand Prix . Alberto Ascari gave Ferrari its first World Championship a year later. Ferrari is the oldest team left in the championship, not to mention the most successful: the team holds nearly every Formula One record. As of 2004 , the team's records include fourteen World Drivers Championship titles ( 1952 , 1953 , 1956 , 1958 , 1961 , 1964 , 1975 , 1977 , 1979 , 2000 , 2001 , 2002 , 2003 and 2004 ), fourteen World Constructors Championship titles ( 1961 , 1964 , 1975 , 1976 , 1977 , 1979 , 1982 , 1983 , 1999 , 2000 , 2001 , 2002 , 2003 and 2004 ), 179 grand prix victories, 3445 and a half points, 544 podium finishes, 174 pole positions , 11,182 laps led, and 180 fastest laps in 1622 grands prix contested.

Famous drivers include Tazio Nuvolari , Juan Manuel Fangio , Alberto Ascari , Phil Hill , Mike Hawthorn , John Surtees , Niki Lauda , Jody Scheckter , Gilles Villeneuve , Nigel Mansell , Alain Prost and Michael Schumacher .