Company structure

Ferrari was founded as an independent company by Enzo Ferrari. During the 1960s, the company was in financial difficulty, and Mr Ferrari announced his intention to sell the company to ensure continued financial backing. Interest from the Ford Motor Company was rejected in favour of an offer from the Fiat Group, which took control of the company's sports car division in 1969. Enzo Ferrari retained control of the racing division until his death in 1988 at the age of 90.

In 2007 the Financial Times put Ferrari at the top of its list of 100 Best Workplaces in Europe.

History

Main article: History of Ferrari

Enzo Ferrari never intended to produce road cars when he had formed Scuderia Ferrari (literally "Ferrari Stable", and usually used to mean "Team Ferrari", it is correctly pronounced "skoo deh REE ah") 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 hired by Alfa Romeo to head their motor racing department.

In 1941, Alfa Romeo was confiscated by the Fascist government of Benito Mussolini as part of the Axis Powers' war effort. Enzo Ferrari's division was small enough to be unaffected by this. Because he was prohibited by contract from racing for four years, the Scuderia briefly became Auto Avio Costruzioni Ferrari, which ostensibly produced machine tools and aircraft accessories. Also known as SEFAC (Scuderia Enzo Ferrari Auto Corse), Ferrari did in fact produce one race car, the Tipo 815, in the non-competition period. It was the first actual Ferrari car (it debuted at the 1940 Mille Miglia), 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 by the Allies in 1944 and rebuilt in 1946, after the war ended, and included a works for road car production. Until Il Commendatore's death, this would remain little more than a source of funding for his first love, racing.

166MM Barchetta 212/225.

The first Ferrari road car was the 1947 125 S, powered by a 1.5 L V12 engine; Enzo Ferrari reluctantly built and sold his automobiles to fund Scuderia Ferrari.^{[citation needed]} While his beautiful and fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers.^{[citation needed]}

In 1988, Enzo Ferrari oversaw the launch of the Ferrari F40, the last new Ferrari to be launched before his death later that year, and arguably one of the most famous supercars ever made.

On May 17, 2009 in Maranello, Italy, a 1957 250 Testa Rossa (TR) was auctioned, by RM Auctions and Sotheby's, for $12.1 Million - a world record for the most expensive car ever sold at an auction. ^[3]

Motorsport

For a complete list of Ferrari racing cars, see List of Ferrari competition cars.

Ferrari 312T2 Formula One car

Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of categories including Formula One and Sports car racing through its Scuderia Ferrari sporting division as well as supplying cars and engines to other teams.

The 1940 AAC 815 was the first racing car to be designed by Enzo Ferrari, although it was not badged as a Ferrari model. Currently, the Ferrari works team only compete in Formula One, and is the only team to have competed in the World Championship since its inception in 1950.

Sports car racing

A 312PB during the team's final year in the World Sportscar Championship.

In 1949, Luigi Chinetti drove a 166M to Ferrari's first win in motorsports, the 24 Hours of Le Mans. Ferrari went on to dominate the early years of the World Sportscar Championship which was created in 1953, winning the Manufacturers Championship seven out of its first nine years.

When the championship changed formats in 1962, Ferrari earned championships in at least one class until 1966, then again in 1968. Ferrari would win one final championship in 1972 before Enzo decided to leave sports car racing and concentrate Scuderia Ferrari solely on Formula One.

During Ferrari's seasons of the World Sportscar Championship, they also gained more wins at the 24 Hours of Le Mans, with the factory team earning their first in 1954. Another win would come in 1958, followed by five consecutive wins from 1960 to 1964. Luigi Chinetti's North American Racing Team (NART) would take Ferrari's final victory at Le Mans in 1965.

Although Scuderia Ferrari no longer participated in sports cars after 1973, they have occasionally built various successful sports cars for privateers. These include the 512BB/LM in the 1970s, the 333 SP which won the IMSA GT Championship in the 1990s, and currently the F430 GT2 and GT3 which are currently winning championships in their respective classes.

Formula One

Main article: Scuderia Ferrari

Scuderia Ferrari won its most recent Formula One driver's title in 2007, with Kimi Räikkönen.

Scuderia Ferrari joined the Formula One World Championship in the first year of its existence,in 1950. José Froilán González gave the team its first victory at the 1951 British Grand Prix.

Alberto Ascari gave Ferrari its first Drivers 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 2008^[update], the team's records include 15 World Drivers Championship titles (1952, 1953, 1956, 1958, 1961, 1964, 1975, 1977, 1979, 2000, 2001, 2002, 2003, 2004 and 2007) 16 World Constructors Championship titles 1961, 1964, 1975, 1976, 1977, 1979, 1982, 1983, 1999, 2000, 2001, 2002, 2003, 2004, 2007 and 2008, 209 Grand Prix victories, 4925.27 points, 622 podium finishes, 203 pole positions, and 218 fastest laps in 776 Grands Prix contested.

Notable Ferrari drivers include Tazio Nuvolari, José Froilán González, Juan Manuel Fangio, Luigi Chinetti, Alberto Ascari, Wolfgang von Trips, Phil Hill, Olivier Gendebien, Mike Hawthorn, Peter Collins, Giancarlo Baghetti, John Surtees, Lorenzo Bandini, Ludovico Scarfiotti, Jacky Ickx, Mario Andretti, Clay Regazzoni, Niki Lauda, Carlos Reutemann, Jody Scheckter, Gilles Villeneuve, Didier Pironi, Patrick Tambay,René Arnoux,Michele Alboreto, Gerhard Berger, Nigel Mansell, Alain Prost, Jean Alesi, Eddie Irvine, Rubens Barrichello, Michael Schumacher, Kimi Räikkönen and Felipe Massa.

The Scuderia Ferrari drivers for the 2006 F1 season were Michael Schumacher and Felipe Massa. At the end of the 2006 season the team courted controversy by continuing to allow Marlboro to sponsor them after they, along with the other F1 teams, made a promise to end sponsorship deals with tobacco manufacturers. A five year deal was agreed and although this is not due to end until 2011, in April 2008 Marlboro dropped their on-car branding on Ferrari.

The drivers competing for 2008 were Felipe Massa and defending champion Kimi Räikkönen (both retained from 2007). Massa finished the season as runner-up to McLaren's Lewis Hamilton by one point, with Räikkönen third. Massa and Räikkönen have again been signed by Ferrari for the 2009 season to compete in the new Ferrari F60.

Other motorsports

Ferrari supply cars complete with V8 engines for the A1 Grand Prix series, from the 2008-09 season.^[4] The car was designed by Rory Byrne and is styled to resemble the 2004 Ferrari Formula one car.

The 599 GTB Fiorano and F430 GT are used in GT racing series. The Ferrari Challenge is a one make racing series for the Ferrari F430. Ferrari's latest supercar, the 2006 FXX is not road legal, and is therefore only used for track events.