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
Five Tightrope Walks Over Niagara Falls Have Taken Place.
The history of Halloween includes the turnip.
Interesting fact! Jonathan Hamm Ellie Kemper's Drama Instructor
The most eastern city
Earth has more than 60,000 known tree species
Is dust an asthma trigger?
India’s largest natural zoo “Assam State Zoo”
Ladakh boasts the highest saltwater lake in the world that freezes.
Grapefruit Has a High Water Content
Did you know? Mulan was originally supposed to be a movie called, China Doll.
Did you Know? Madagascar remains one of the world’s unhappiest places
Because there is no easily accessible insulin resistance test in primary care, we must identify insulin resistance risk factors.
Did you Know? Lora Croft began life as spicy Latina, Laura Cruz.
Mosquitoes are drawn to specific colors.
Just because you’re blind doesn’t mean you don’t have to learn math.
Terra cotta pots Porous in appearance
Did you Know? DC Comics finally gave batman's co-creator his due in2015.
Niagara Falls Is Still Young
The World's Smallest Country
Eyes Display the Early Symptoms of Aging
Sleep experts have discovered a direct link between people’s favourite sleeping positions and their personalities
Silk has a built-in ability to control temperature.
Did you Know? Nightwing Once, killed the Joker.
Pune is situated in an earthquake-prone region
Did you Know? Dolls were once the fashion models.