Ferrari
Ferrari
S.p.A. is an Italian luxury sports car manufacturer based
in Maranello. 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 as Ferrari S.p.A.in 1947. Fiat acquired
50% of Ferrari in 1969 and expanded its stake to 85% in 2008.In
May 2012 the 1962 Ferrari 250 GTObecame the world's most expensive car, selling in
a private transaction for $38,115,000 to American communications magnate Craig McCaw.In
2014 Fiat announced its intentions to sell its share in Ferrari, as of the
announcement Fiat owned 90% of Ferrari.
Source:Wikipedia.org
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