History
Main article:�History of Ferrari Enzo Ferrari was not initially interested in the idea of producing road cars when he formed�Scuderia Ferrari�in 1929, with headquarters in�Modena. Scuderia Ferrari (pronounced[skude?ri?a]) literally means "Ferrari Stable" and is usually used to mean "Team Ferrari." Ferrari bought, prepared and fielded�Alfa Romeo�racing cars for�gentlemen drivers. In 1933 Alfa Romeo withdrew its in-house racing team and Scuderia Ferrari took over as its�works team:[1]�the Scuderia received Alfa's Grand Prix cars of the latest specifications and fielded many famous drivers such as�Tazio Nuvolari�and�Achille Varzi. In 1938 Alfa Romeo brought its racing operation again in-house, forming�Alfa Corse�in�Milano�and hired Enzo Ferrari as manager of the new racing department; therefore the Scuderia Ferrari was disbanded.
In September 1939 Enzo Ferrari left Alfa Romeo under the provision that he would not use the Ferrari name in association with races or racing cars for at least four years.[1]�A few days later he founded�Auto Avio Costruzioni, headquartered in the facilities of the old Scuderia Ferrari.[1]�The new company ostensibly produced machine tools and aircraft accessories. In 1940 Ferrari did in fact produce a race car � the�Tipo 815, based on a Fiat platform. It was the first Ferrari car and debuted at the 1940�Mille Miglia, but due toWorld War II�it saw little competition. In 1943 the Ferrari factory moved to�Maranello, where it has remained ever since. The factory was bombed by the�Allies�and subsequently rebuilt including a works for road car production.
The first Ferrari-badged car was the 1947�125 S, powered by a 1.5�L�V12 engine;[1]�Enzo Ferrari reluctantly built and sold his automobiles to fund�Scuderia Ferrari.
The�Scuderia Ferrari�name was resurrected to denote the factory racing cars and distinguish them from those fielded by customer teams. In 1960 the company was restructured as a public corporation under the name SEFAC S.p.A. (Societ� Esercizio Fabbriche Automobili e Corse). Early in 1969, Fiat took a 50% stake in Ferrari. An immediate result was an increase in available investment funds, and work started at once on a factory extension intended to transfer production from Fiat's Turin plant of the Ferrari engined Fiat Dino. New model investment further up in the Ferrari range also received a boost.
In 1988, Enzo Ferrari oversaw the launch of the�Ferrari F40, the last new Ferrari to be launched before his death later that year, and arguably one of the most famous�supercarsever made. In 1989 the company was renamed as Ferrari S.p.A.[17]�From 2002 to 2004, Ferrari produced�the Enzo, their fastest model at the time, which was introduced and named in honor of the company's founder, Enzo Ferrari. It was to be called the F60, continuing on from the F40 and F50, but Ferrari was so pleased with it, they called it the Enzo instead. It was initially offered to loyal and reoccurring customers, each of the 399 made (minus the 400th which was donated to the Vatican for charity) had a price tag of $650,000 apiece (equivalent to �400,900).
On 15 September 2012, 964 Ferrari cars (worth over $162 million (equivalent to �99,950,000)) attended the Ferrari Driving Days event at Silverstone Circuit and paraded round the�Silverstone Circuit�setting a world record.[18] Ferrari's former CEO and Chairman,�Luca di Montezemolo, resigned from the company after 23 years, and is to be succeeded by�Sergio Marchionne, CEO and Chairman of�Fiat Chrysler Automobiles, Ferrari's parent company.[19] On 29 October 2014, the�FCA group, resulting from the merger between manufacturers Fiat and Chrysler, announced the split of its luxury brand, Ferrari. The aim is to turn Ferrari into an independent brand which 10% of stake will be sold in an IPO in 2015.[20]�Ferrari officially priced its initial public offering at $52 a share after the market close on October 20, 2015.

Motorsport
Ferrari 312T2 Formula One car driven by�Niki Lauda Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of categories including�Formula One�andsports car racing�through its�Scuderia Ferrari�sporting division as well as supplying cars and engines to other teams and for one make race series. The 1940�AAC 815�was the first racing car to be designed by Enzo Ferrari, although it was not badged as a Ferrari model.

Scuderia Ferrari
Scuderia�Ferrari has participated in several classes of motorsport, though it is currently only officially involved in Formula One. It is the only team to have competed in the Formula One World Championship continuously since its inception in 1950.�Jos� Froil�n Gonz�lezgave the team its first F1 victory at the�1951 British Grand Prix. Scuderia�Ferrari won a�Formula One�driver's title in�2007, with�Kimi R�ikk�nen. Alberto Ascari�gave Ferrari its first�Drivers Championship�a year later. Ferrari is the oldest team in the championship, and the most successful: the team holds nearly every Formula One record. As of�2014, the team's records include 15 World Drivers Championship titles (1952,�1953,�1956,�1958,�1961,�1964,�1975,�1977,�1979,�2000,�2001,�2002,�2003,�2004�and�2007) 16 World Constructors Championship titles (1961,�1964,�1975,�1976,�1977,�1979,�1982,�1983,�1999,�2000,�2001,�2002,�2003,�2004,�2007�and�2008), 221 Grand Prix victories, 6736.27 points, 679 podium finishes, 207�pole positions, and 230 fastest laps in 890 Grands Prix contested. Of the 19 tracks used in2014, 8 have lap records set by the�Ferrari F2004, with a further 3 set by the�Ferrari F2003-GA,�Ferrari F2008�and�Ferrari F10.