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Ferrari is an Italian sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1929 as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street legal vehicles in 1946 as Ferrari S.p.A.. Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it has largely enjoyed great success, especially during the 1950s, 1960s, late 1990s, and 2000s.
After years of financial struggles, Enzo Ferrari sold the company's sports car division to the Fiat group in 1969 in order to help ensure continued financial backing for the foreseeable future. Ferrari himself retained control of the racing division until his death in 1988 at the age of 90.
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, Alfa Romeo was absorbed by the government as part of the war effort. Enzo Ferrari's division was small enough to be unaffected by this. 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. Also known as SEFAC (Scuderia Enzo Ferrari Auto Corse) Ferrari did in fact produce one racecar, the Tipo 815, in the non-competition period; it was thus 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 in 1944 and rebuilt in 1946 to include a works for road car production. Right up to Il Commendatore's death, this would remain little more than a source of funding for his first love, racing.
"Scuderia Ferrari" literally means "Ferrari Stable"; the name is figuratively translated as "Team Ferrari". (It is correctly pronounced "skoo deh REE ah".)
The first Ferrari road car was the 1947 125 S, powered by a 1.5 L 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. However, at one point, Enzo Ferrari's cars were exceeded in performance by the Spanish firm, Pegaso, which later went defunct.
Ferrari road cars, noted for magnificent styling by design houses like Pininfarina, have long been one of the ultimate accessories for the rich. Other design houses that have done work for Ferrari over the years include Scaglietti, Bertone, Touring, Ghia, and Vignale.
In 2005, 4 universities (Coventry University for one) were granted the grand offer to come up with the next vehicle line-up for Ferrari in a student competition named 'Ferrari Concepts of the Myth'. 20 winners were allowed to show off their concepts in a ź scale model and present their work to the board and the compelling historic names at Ferrari to allow for 3 out right winners to have the chance at working in the Ferrari design studio there at Maranello.
As of 2006, the Fiat Group owns 56% of Ferrari, Mediobanca 29%, Mubadala 5%, and Enzo's son Piero Ferrari 10%. By the end of September, 2006 the Fiat Group intends to repurchase the 29% owned by Mediobanca, bringing its share to 85%. Fiat has shelved plans for an IPO because Fiat Auto has now returned to profitability, thus removing pressure from the group.
The highest sales of Ferraris in Europe in 2004 and 2005 were in Turkey. [citation needed]
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.
In 1949, Luigi Chinetti drove a Model 166M to Ferrari's first win in motorsports, which was at the 24 Hours of Le Mans. Chinetti drove the automobile for all except twenty minutes of the Grand Prix race. Chinetti soon became the American dealer for Ferraris and established the North American Racing Team, Ferrari's official racing arm. The dealership is reported to have provided the sales that kept the company in business through sales to wealthy Americans, such as Briggs Cunningham, who bought the first one Chinetti sold through the new dealership.
The Scuderia joined the Formula One World Championship in the first year of its existence, 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 2005, 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, 3,445 and a half points, 544 podium finishes, 174 pole positions, 11,182 laps led, and 180 fastest laps in 1,622 Grands Prix contested.
Notable Ferrari drivers include Tazio Nuvolari, Juan Manuel Fangio, Luigi Chinetti, Alberto Ascari, Wolfgang von Trips, Phil Hill, Olivier Gendebien, Mike Hawthorn, Peter Collins, John Surtees, Jacky Ickx, Mario Andretti, Niki Lauda, Carlos Reutemann, Jody Scheckter, Gilles Villeneuve, Didier Pironi, Michele Alboreto, Gerhard Berger, Nigel Mansell, Alain Prost, Jean Alesi, Rubens Barrichello and Michael Schumacher.
Current Team Ferrari Drivers for 2006 F1 Season: 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 worth a reported $500 million was agreed.[citation needed]
Drivers for 2007 have been announced as Felipe Massa and Kimi Räikkönen.
List of models
Until the mid-1990s, Ferrari followed a three-number naming scheme based on engine displacement:
* V6 and V8 models used the total displacement (in decilitres) for the first two digits and the number of cylinders as the third. Thus, the 206 was a 2.0 L V6-powered vehicle, while the 348 used a 3.4 L V8.
* V12 models used the displacement (in cubic centimetres) of one cylinder. Therefore, the famed 365 Daytona had a 4380 cc V12.
* Flat 12 (boxer) models used the displacement in litres. Therefore, the 512BB was five litre flat 12 (a Berlinetta Boxer, in this case). However, the original Berlinetta Boxer was the 365 GT4 BB, which was named in a similar manner to the V12 models.
Most Ferraris were also given designations referring to their body style. In general, the following conventions were used:
* M standing for "Modificata," this suffix is placed to the end of a model's number designation to denote that it is a modified version of its predecessor and not a complete evolution (see F512M and 575M Maranello).
* GTB models are closed Berlinettas, or coupes.
* GTS models, in older models, are convertibles (see 365 GTS4); however, in late models, this suffix is used for targa top models (see 348 GTS, and F355 GTS; exception being the 348 TS, which is the only targa named differently). The convertible models now use the suffix "Spider" (see F355 Spider, and Ferrari 360 Spider).
This naming system can be confusing, as some entirely different vehicles used the same engine type and body style. Many Ferraris also had other names affixed (like Daytona) to identify them further. Many such names are actually not official factory names. The Daytona name commemorates Ferrari's triple success in the February 1967 24 Hours of Daytona with the 330P4. Only in the 1973 Daytona 24h, a 365 GTB4 model run by N.A.R.T. (North American Racing Team, who raced Ferrari's in America) scored 2nd-behind a Porsche 911.
As well, the 250 GTO's famous acronym, which means Gran Turismo Omologato, was simply a name the Italian press gave the car which referred to the way Ferrari had, in a sense, avoided the rules and successfully homologated the car for racing purposes (somehow Ferrari had convinced the FIA that the 250 GTO was the same car as previous 250's). This was probably to avoid confusion with the multiple 250 models produced before the GTO.
The various Dino models were named for Enzo's son, Dino Ferrari, and are not formally Ferraris, though are to all intents and purposes considered so.
In the mid 1990s, Ferrari added the letter "F" to the beginning of all models (a practice quickly abandoned after the F512M and F355, but recently picked up again with the F430).
Concept models
o 1968 Ferrari P5
o 1969 Ferrari Pininfarina 512S Berlinetta Speciale
o 1970 Ferrari Pininfarina Modulo
o 1970-71 Ferrari 512S
o 1989 Ferrari Mythos
o 2005 Ferrari GG50
o 2006 Ferrari P4/5
o 2006 Ferrari Zagato 575 GTZ