Ferrari is an Italian luxury sports car which has always been synonymous with speed, glamour and wealth. The company was founded by Enzo Ferrari in 1928. Right from the beginning, Enzo wanted to make an elitist car which had speed. Throughout the early years, Ferrari Car were racing in Europe. Despite enjoying success at the tracks, Ferrari continued to struggle financially for most of the 40s-70s.
Finally, Enzo sold the Ferrari Company to Fiat and started a new Era in the late 80s. In 1988, the Ferrari F 40 was built and is still today claimed to be one of the best super sports car ever made. Today, Ferrari not only ventures into cars but has business interests in bicycles, perfumes, electronic goods, mobile phones and even watches.
The first Ferrari road car was not made until 1947 and was the 125S. Throughout this time period, Enzo made sure his Ferrari Car entered all European races and Ferrari always remained at the top in the Formula one series races.
Scuderia Ferrari is the subdivision of Ferrari which is concerned with racing. The superb engineering, experienced drivers and artistic design of the car has enabled it to achieve more success at Formula one than most cars combined. It stands alone at the top of the racing world.
As far as private cars, there are a number of Ferraris in the USA- the cars are very expensive to run and maintain. The global downturn in the economy has not affected Ferrari because it does not rely on the consumer market for its sales. Its money is mainly derived form racing circuit. However, there is no sign that the company is going through a difficult time.