Ferrari S.p.A. · Maranello, Modena Italy
Company Description
Phone: +39-0-536-949-111
Fax: +39-0-536-949-714
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This link will open in a new window Recognized by its rearing-horse logo, sports carmaker Ferrari is up to speed, and then some. The Italian company sells about 5,600 high-performance sports cars a year, starting at about $140,000 a pop. Models include the 612 Scaglietti, 599 GTB Fiorano, and the F430. The FXX prototype is aimed at eventually bringing about 20 of Ferrari's most valued customers as close to a true racing experience as possible. In late 2006 Fiat S.p.A. bought back the 29% stake owned by Italian bank Mediobanca. The move brought Fiat's stake in Ferrari to 85%. Piero Ferrari, son of Ferrari's founder, owns 10% of the company. Mubadala Development Co. of The United Arab Emirates owns 5%. To read the full description, subscribe now.
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Key Ferrari S.p.A. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $1,564.0 |
| Employees | 2,754 |
Ferrari S.p.A. Executives
13 executives listed for Ferrari S.p.A.'s Maranello, Modena location.
| Title | Name & Bio | Contact |
| President | Luca di Montezemolo | Network |
| Vice Chairman | Piero Ferrari | Network |
| CEO | Amedeo Felisa | Network |
Competition
Competitive Landscape for Ferrari S.p.A.
Demand is driven by employment and interest rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing. Large companies have economies of scale in purchasing and marketing; smaller companies can compete by focusing on specialized markets. The industry is capital-intensive: average annual revenue per employee is nearly $2 million. US-based automakers compete with numerous foreign rivals, including companies such as Toyota, Honda, and Nissan that have extensive auto assembly operations in the US. Through stateside manufacturing capacities and exports to the US, foreign carmakers collectively have about half of the US market. US auto manufacturers' financial positions have deteriorated dramatically in recent years. The "Detroit Three" (Chrysler, Ford, and GM) have suffered from import competition and high cost structures. High gas prices, few small car offerings, and near record-low consumer demand during the late 2000s recession drove Chrysler and GM into bankruptcy, where their debts were restructured. Chrysler and GM also received billions in loans from the US and Canadian governments. Ford, which has joined GM and Chrysler in various government incentive programs but has not received direct federal investment, avoided bankruptcy largely due to more than $20 billion in secured and unsecured loans it took out in 2006. To read the full description, subscribe now.Top Ferrari S.p.A. Competitors
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