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Based by Enzo Ferrari in 1939 as Auto Avio Costruzioni, Ferrari constructed its first automobile in 1940. Nonetheless the corporate’s inception as an auto producer is normally acknowledged in 1947, when the primary Ferrari-badged automobile was accomplished.
Fiat acquired 50 p.c of Ferrari in 1969 and expanded its stake to 90 p.c in 1988. In October 2014 Fiat Chrysler Vehicles introduced its intentions to separate Ferrari from FCA; as of the announcement FCA owned 90 p.c of Ferrari.
All through its historical past, the corporate has been famous for its continued participation in racing, particularly in Formulation One, the place it’s the most profitable racing group, holding probably the most constructors championships and having produced the very best variety of successful drivers. Ferrari street vehicles are usually seen as a logo of pace, luxurious and wealth.
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