MOTOR MONDAY : Ferrari

Hello ladies and gents today we are going to talk about the italian masterpeice that is...

FERRARI

Ferrari N.V. (pronounced [ferˈrari]) is an Italian luxury sports car manufacturer based in Maranello. Founded by Enzo Ferrari in 1939 out of Alfa Romeo's race division as Auto Avio Costruzioni, the company built its first car in 1940. However, the company's inception as an auto manufacturer is usually recognized in 1947, when the first Ferrari-badged car was completed.

In 2014, Ferrari was rated the world's most powerful brand by Brand Finance. In May 2012 the 1962 Ferrari 250 GTO became the most expensive car in history, selling in a private transaction for US$38.1 million to American communications magnate Craig McCaw.

Fiat S.p.A. acquired 50% of Ferrari in 1969 and expanded its stake to 90% in 1988. In October 2014 Fiat Chrysler Automobiles N.V. announced its intentions to separate Ferrari S.p.A. from FCA; as of the announcement FCA owned 90% of Ferrari. The separation began in October 2015 with a restructuring that established Ferrari N.V. (a company incorporated in the Netherlands) as the new holding company of the Ferrari group and the subsequent sale by FCA of 10% of the shares in an IPO and concurrent listing of common shares on the New York Stock Exchange.Through the remaining steps of the separation, FCA's interest in Ferrari's business was distributed to shareholders of FCA, with 10% continuing to be owned by Piero Ferrari. The spin-off was completed on 3 January 2016.

Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it is the most successful racing team, holding the most constructors championships (16) and having produced the highest number of winning drivers (15). Ferrari road cars are generally seen as a symbol of speed, luxury and wealth.

Wow now lets talk about its best car so far.

The FERARRI GTO 250

The 250 GTO is the quintessential classic Ferrari, the Mona Lisa of the automotive world. A total of 39 examples were built from 1962 to 1964, and they collectively hold one of the most impressive racing pedigrees of all time. The voluptuous lines and timeless proportions contribute to the car’s attractiveness.

250 GTOs rarely come up for sale, and the few that do trade hands for anywhere between $40 and $60 million – yes, you read that right. Owning one means being part of a very exclusive club. The list of past and current owners includes Sir Stirling Moss, Pink Floyd drummer Nick Mason, and Ralph Lauren.

I hope you liked this post and as always have a chilled day from the Viking