Ferrari, the renowned Italian luxury sports car manufacturer, has seen ownership changes over the years. One question that often arises is, “Is Ferrari still owned by Fiat?” The answer to this query involves understanding the evolution of Ferrari’s ownership structure.
In recent history, Ferrari underwent a restructuring process that led to the establishment of Ferrari N.V. as the holding company of the Ferrari Group. As part of this restructuring, FIAT Chrysler Automobiles (FCA), the parent company of Fiat, made significant changes to its ownership of Ferrari. FCA initially owned 90% of Ferrari’s shares. However, to streamline operations and focus on their core automotive business, FCA decided to divest a portion of their ownership in Ferrari.
FCA sold 10% of Ferrari’s shares to the public through an initial public offering (IPO). This move made Ferrari a publicly traded company. Following the IPO, FCA distributed the remaining 80% of Ferrari shares among its own shareholders. Therefore, as of the current ownership structure, Fiat (now part of Stellantis after a merger) does not directly own Ferrari. Instead, 10% of Ferrari remains in the hands of Piero Ferrari, the son of the company’s founder, Enzo Ferrari. This ownership arrangement marks a significant shift in Ferrari’s ownership landscape, reflecting changes in the automotive industry and corporate strategies.
(Response: Ferrari is no longer owned by Fiat. After a restructuring process, Ferrari N.V. became the holding company of the Ferrari Group. FIAT Chrysler Automobiles (FCA) sold 10% of Ferrari’s shares through an IPO and distributed the remaining 80% among FCA shareholders. Piero Ferrari, Enzo Ferrari’s son, owns 10% of Ferrari.)