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Enzo Ferrari started his Scuderia Ferrari in 1929 not as a car maker but as a fielder and trainer for Alfa Romeo amateur racers. Soon, Alfa Romeo appointed the Scuderia Ferrari as its working racing team. This arrangement did not last long as Alfa Romeo wanted to take back the entire control over its racing operation. However, the company did offer Enzo Ferrari the position of manager of Alfa Romeo’s racing department, a position which he refused in order to found his own company.
According to his contract with Alfa Romeo, Enzo Ferrari was prohibited to use the name of Ferrari or participate in any activities related to racing for the next four years. Enzo Ferrari’s new company, the Auto Avio Costruzioni, was housed in the old Scuderia facilities. This is where, despite the non-competitive agreement made with Alfa Romeo, Enzo built his first car, the Tipo 815, on a Fiat platform. This car did not see a lot of competition as the First Wold War interrupted the racing activities and furthermore, the factory was bombed and destroyed.
In 1947, Enzo Ferrari resurrected the Scuderia Ferrari name with his newly rebuilt plant. This is also the year officially credited with the beginning of Ferrari as a car maker. In fact, the newly constructed factory included an assembly line for street cars. The first model created in this plant was the 125 Sport and it was equipped with a powerful 1.5L V12 engine. The funds gained from selling the street cars were then injected into the racing division of the company.
Things were doing great for the company until internal tensions which culminated in 1961 caused the departure of many engineers and developers. This event, often dubbed “the great walkout”, put the company in a very precarious position since at the time it was in the process of designing a competitor for the Jaguar E-Type. The current state of the 250 GTO was that of an unfinished chassis and no body styling. Fortunately for the company, the engineers pulled through and in the end the 250 GTO came to be one of the most celebrated car in the brand’s history.
Needing a new influx of funds for development, the business sold 50% of its shares to Fiat in 1969. The deal made with Enzo Ferrari and Fiat allowed the former to remain in control of the Scuderia while Fiat’s influence would be felt more importantly on the road car branch. Later, during the 70’s, Ferrari retired its involvement in racing to concentrate all its efforts on the F1. The brand achieved a fair amount of success with Niki Lauda as a driver until two successive accident, the death of Gilles Villeneuve in 1982 and the near death of Didier Pironi the same year tarnished the brand’s victories.
Many believed that Ferrari would not survive the death of its founder and driving force, Enzo Ferrari, in 1988 but they could not have been more wrong. Just a few years later, Ferrari launched the Ferrari Enzo, in honor of its founder, which was their fastest car at the time. During the same years, Michael Schumacher dominated the F1 at the helm of his Ferrari.
As of today, Fiat Chrysler, now owning 90% of Ferrari, is thinking of splitting from this luxury car brand as well as offering 10% within an IPO. Now is the time for you if you want to own a part of the company. In case you simply want to maintain your current Ferrari in top condition, TouchUpDirect has you covered with our wide range of factory matched Ferrari touch up paint.