Ferrari (NYSE:RACE) is an Italian luxury sports car manufacturer renowned for its high-performance vehicles and storied racing heritage. Originating in 1939 when Enzo Ferrari founded Auto Avio Costruzioni in Maranello, Italy, the company released its first car under the Ferrari marque in 1947. Over the decades, Ferrari has built a reputation for engineering excellence, blending cutting-edge technology with artisanal craftsmanship to produce some of the world’s most coveted sports and grand touring automobiles.
The company’s core business involves the design, development and manufacture of premium sports cars powered by advanced internal combustion engines, hybrid powertrains and electric technologies. Ferrari offers a range of models, from limited-edition supercars to bespoke grand tourers, each tailored through extensive customization options. Its after-sales network supports maintenance, spare parts distribution and restoration services, ensuring that Ferrari owners enjoy a comprehensive ownership experience.
Beyond vehicle sales, Ferrari generates revenue through motorsport activities and brand licensing. The Scuderia Ferrari Formula 1 team competes at the highest level of international racing, contributing to technological innovation and global brand visibility. The company also operates driving schools, hosts owner events and collaborates on luxury lifestyle products, reinforcing Ferrari’s status as an aspirational brand irreplaceable in the automotive and leisure markets.
Serving customers across Europe, the Americas, Asia-Pacific and the Middle East, Ferrari maintains a global dealer network and flagship stores in key luxury markets. The company is led by Chairman John Elkann and Chief Executive Officer Benedetto Vigna, who joined in 2021 to steer Ferrari’s transition toward electrification and digitalization. Majority ownership rests with Exor N.V., the investment holding of the Agnelli family, preserving a lineage of continuity and long-term strategic focus.
