Ferrari
is an Italian sports car manufacturer based in Maranello, Italy. Founded
by Enzo Ferrari in 1929 as Scuderia Ferrari, the company sponsored drivers
and manufactured race cars before moving into production of street legal
vehicles in 1946 as Ferrari S.p.A.. Throughout its history, the company
has been noted for its continued participation in racing, especially in
Formula One, where it has largely enjoyed great success, especially during
the 1950s, 1960s, late 1990s, and 2000s.
After years of financial struggles, Enzo Ferrari sold the company's sports car division to the Fiat group in 1969 in order to help ensure continued financial backing for the foreseeable future. Ferrari himself retained control of the racing division until his death in 1988 at the age of 90..
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