Ferrari
Ferrari Ferrari ( / f ə ˈ r ɑːr i / ; Italian: [ferˈraːri] ) is an Italian luxury sports car manufacturer based in Maranello . Founded by Enzo Ferrari in 1939 out of Alfa Romeo's race division as Auto Avio Costruzioni , the company built its first car in 1940. However, the company's inception as an auto manufacturer is usually recognized in 1947, when the first Ferrari-badged car was completed. In 2014 Ferrari was rated the world's most powerful brand by Brand Finance . [3] In June 2018, the 1964 250 GTO became the most expensive car in history, setting an all-time record selling price of $70 million. [4] [5] Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. [6] In October 2014 Fiat Chrysler Automobiles N.V. (FCA) announced its intentions to separate Ferrar...
