Ferrari is no longer a family-owned company. Enzo Ferrari sold half of the firm he controlled outright to rival Italian carmaker Fiat Group in 1969. The transaction provided Ferrari with much-needed capital. Just before his death in 1988, Enzo Ferrari and his son Piero Ferrari sold even more of the firm, leaving the Ferrari family with only 10% control. The parent company of Ferrari is now known as Fiat Chrysler Automobiles, according to a recent filing with the United States Securities and Exchange Commission. Today, the Ferrari family earns just a small portion of the earnings from Ferrari sales and branded items, which are worth billions of dollars each year.
Related Facts
Do you know about Glossophobia
JANE AUSTEN’S HEROINES HAD MORE LUCK IN LOVE THAN SHE DID.
Flamingos have a 10,000–15,000-foot ceiling.
Increasing Vitamin D Intake May Help Blood Sugar Levels
Nevermind was mixed by someone who had previously worked with Slayer (and Madonna).
Making a vision board might help you become more determined.
Swiggy is still an infant startup
Since ancient times, people have been removing cataracts.
Don't ever be too harsh with Dogs
Getting a beagle pup
The reason of death of Homi J Bhabha is still being discussed.
Albert Einstein's theories are more important than you may realise.
Medication + gut health = frenemies
Knowledge Of Constellations Came From Early Cultures
The English language received the term "serendipity" from Sri Lanka.
There Will Be Blood Disrupted Shooting for No Country for Old Men
A "SACKBUT" WAS THE NAME GIVEN TO THE TROMBONE DURING THE RENAISSANCE.
How did the Gala become so glamorous?
Bhutan only opened to tourism in the 1970s.
Trees didn't exist for the first 90 percent of Earth's history.
Bangkok: A tale of many markets
Mexico's Heavy Dependence on Tourism
Did you Know? McDonald's introduced drive-through service due to the military.
Taiwan’s official title is the Republic of China (RoC)
Germany Has The World’s Largest Cathedral