Awesome Red Ferrari

admin January 31, 2018
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Awesome Red Ferrari:

Ferrari N.V. (pronounced [ferrari]) is an Italian sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 out of Alfa Romeo’s race estrangement as Auto Avio Costruzioni, the company built its first car in 1940. However, the company’s inception as an auto manufacturer is usually certified in 1947, afterward the first Ferrari-badged car was completed.

In 2014, Ferrari was rated the world’s most powerful brand by Brand Finance. In May 2012 the 1962 Ferrari 250 GTO became the most expensive car in history, selling in a private transaction for US$38.1 million to American communications magnate Craig McCaw.

Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. In October 2014 Fiat Chrysler Automobiles N.V.announced its intentions to sever Ferrari S.p.A. from FCA; as of the poster FCA owned 90% of Ferrari. The disaffection began in October 2015 considering a restructuring that traditional Ferrari N.V. (a company incorporated in the Netherlands) as the additional holding company of the Ferrari organization and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the new York heap Exchange. Through the remaining steps of the separation, FCA’s immersion in Ferrari’s business was distributed to shareholders of FCA, when 10% continuing to be owned by Piero Ferrari. The spin-off was completed upon 3 January 2016.

Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it is the most well-to-do racing team, holding the most constructors championships and having produced the highest number of winning drivers. Ferrari road cars are generally seen as a metaphor of speed, luxury and wealth. read the full article on the wikipedia.

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