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Ferrari S.p.A.
Via Abetone Inferiore, 4
41053 Maranello, Modena, Italy
Phone: +39-0-536-949-111
Fax: +39-0-536-949-714
www.ferrari.it

Recognized by its rearing-horse logo, sports-car maker Ferrari is up to speed, and then some. The Italian company sells about 4,000 high-performance sports cars a year, starting at about $140,000 a pop. The company sells its cars primarily under the Ferrari nameplate. Models include the Modena, Spider, and Maranello. Ferrari also owns sports car maker Maserati. To safeguard exclusivity and high value, the company has set a self-imposed production limit of 4,300 cars a year. Fiat owns 56% of Ferrari. Italian bank Mediobanca controls a 15% stake in Ferrari; Germany's Commerzbank AG controls 10%; and Lehman Brothers' stake is nearly 7%. 10% of Ferarri is owned by Piero Ferrari, son of the founder

Subsidiary of Fiat

Fiscal Year-End December
2001 Sales (mil.) $937.2
1-Year Sales Growth 11.5%
2001 Net Income (mil.) $41.6
1-Year Net Income Growth 531.6%
2001 Employees 2,566
1-Year Employee Growth 9.6%

Annual Sales ($ mil.)
2001=937.2
2000=840.8
1999=760.8 (est.)
1998=721.2

Ferrari North America Inc.
250 Sylvan Ave.
Englewood Cliffs, NJ 07632
Phone: 201-816-2600
Fax: 201-816-2626
www.ferrariusa.com

Ferrari North America is Ferrari 's marketing, sales, and dealer network arm for the US and Canada. Ferrari's models, as expensive as they are fast, include the 575M Maranello, 360 Spider, 456M, and 360 Modena. Ferrari and Ferrari North America are subsidiaries of Fiat

History

Enzo Ferrari  
 courtesy of Ferrari
May 11 1946 Ferrari's First Race
Ferrari made its independent racing debut at a race in Piacenza, Italy. Enzo Ferrari had been designing race cars for Alpha Romeo since the late 1920s, and it was not until after the war that he broke from Alpha to form his own car manufacturing firm. Ferrari entered his Tipo 125 car at the race in Piacenza. Featuring a revolutionary V-12 engine, the Tipo 125 led the race with two laps to go before a fuel pump failed and forced it from the race. The result pleased Ferrari. In 1947, his company built and sold three Tipo 125 cars. Also, a Ferrari first at the race in Piacenza was the prancing horse hood ornament characteristic of all Ferraris since. Enzo had adopted the logo a few years earlier in honor of Italian World War I ace Enrico Baracca. Having met Baracca's parents at a social event, Enzo decided to honor their son by taking on the prancing horse logo that he had worn on the side of his airplane. Ferrari added the canary yellow background to honor his home city of Modena. With the prancing horse hood ornament, Ferrari would go on to unparalleled racing success, including nine Formula One Grand Prix World Championships.

 



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2007 Ferrari 599 GTB Fiorano
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The first Ferrari built, 125 S, on the entrance of the factory in 1947

The heart of Ferrari's production centre covers an area of 252,000 m2, of which 94,000 m2 is under cover. The Maranello plant is divided into the different technological divisions which make up the production cycle, with the sole exception of Carrozzeria Scaglietti (chassis and bodywork) which is based in Modena. The industrial complex is divided in two by Via Abetone Inferiore. In the oldest area, where production began in 1947, are situated the management offices and all the industrial activities pertaining to both road cars and Formula 1 cars.

On the other side of Via Abetone Inferiore, towards the Fiorano track, is the racing division where Jean Todt and his team are based and where the design, development and assembly of the racing cars is carried out during the season.

Just past the main factory entrance gate in the central courtyard is the building which houses the President's offices and the administration. All around are the buildings housing the various technical divisions: the paint division, light alloy foundry, bodywork assembly line and engine assembly - which, together with the panelling process, complete the production cycle - and the wind tunnel. If we include the Racing division, the company can count on some 2,000 employees.

 

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