Ferrari Profile:
Ferrari S.p.A. is an Italian luxury sports car manufacturer headquartered in Maranello, Italy. Founded by Enzo Ferrari in 1939, the company originally focused on racing, with the Scuderia Ferrari racing team established in 1929. It wasn't until 1947 that Ferrari began producing road cars. The company has a strong racing heritage, especially in Formula One, being the oldest and most successful team in the series.
Ferrari's current leadership includes John Elkann as Executive Chairman and Benedetto Vigna as CEO. In 2024, Ferrari reported net revenues of €6.677 billion and a net profit of €1.526 billion, shipping 13,752 units. As of February 2026, Ferrari's market capitalization is $69.54 billion USD. Ferrari aims to have a product portfolio of 60% hybrid and full-electric models by 2026. The company is set to unveil its first fully electric vehicle, the Ferrari Luce, in May 2026. Recent news includes Lewis Hamilton joining Ferrari in 2025.
Ferrari is known for its luxury sports cars, supercars, grand tourers, and, more recently, its Purosangue SUV. Iconic models include the Ferrari 250 GTO, Testarossa, F40, Enzo, and 488 GTB. The brand is synonymous with racing heritage, luxury, and exclusivity.