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
A typical automobile consumes around 22.5 kg of copper.
Some flavors are available for a short period only.
The Devil's Kettle is a huge hole that swallows half a river and no one knows where it leads.
Home births are still popular in the Netherlands
Be respectful of Buddha pictures and Buddhist symbols.
Medusa’s Appearance Changed Throughout the Centuries
Did you Know? Hitler's birth chart predicted his future.
A family with an Oscar
Isaac Newton invented the cat door
There are 3 million lakes in Alaska.
Did you Know? Over 80% of Japan is mountainous
Once Kabaddi humiliated Hitler and his ilk in the Olympics
The Niagara Falls State Park is America's oldest.
There's a reason for the round tables at Starbucks.
Get Medical Assistance if You're Still Having Breathing Issues.
In low-income countries, just fifty-five girls continue their education after high school for every hundred boys.
Did you Know? World record for birthday candles stands at over 70,000.
Lizards have the ability to change color at will.
Is Catnip Abhorrent to Cats? Is it secure?
The First Clip That Was Released On Netflix Was Called Example Show.
Antiquity's Best-Preserved Monuments
Women are less likely than men to seek advancement.
Mercedes-Benz Certified Pre-Owned vehicles include an unlimited-mileage warranty.
Did you Know? The Cheapest Oscar goes to....
CATARACTS CAN LEAD TO BLINDNESS IF NOT TREATED