Introduction
Many people wonder, did Fiat buy Ferrari? The story is quite interesting. Let’s dive into the history and details.
Credit: fiatgroupworld.com
The History of Ferrari
Ferrari is an Italian car company. It was founded by Enzo Ferrari in 1939. Ferrari is famous for its fast and beautiful cars.
Ferrari cars are known for their speed and design. They have a prancing horse logo. The logo is recognized worldwide.
The History of Fiat
Fiat is another Italian car company. It was founded in 1899. Fiat stands for “Fabbrica Italiana Automobili Torino.”
Fiat makes many types of cars. They are known for making small and affordable cars.
Credit: www.autoweek.com
The Deal Between Fiat and Ferrari
In 1969, Fiat bought a 50% stake in Ferrari. This means Fiat owned half of Ferrari.
Fiat wanted to help Ferrari grow. Ferrari needed money to expand. The deal helped both companies.
| Year | Event |
|---|---|
| 1939 | Ferrari was founded |
| 1969 | Fiat bought 50% of Ferrari |
| 1988 | Fiat increased its stake to 90% |
| 2015 | Ferrari became an independent company again |
Why Did Fiat Buy Ferrari?
Fiat saw great potential in Ferrari. Ferrari was already famous for its racing cars.
Fiat wanted to be part of Ferrari’s success. Ferrari needed financial help to grow. The deal was beneficial for both.
Impact of the Deal
Fiat helped Ferrari grow. With Fiat’s help, Ferrari expanded its car production.
Ferrari continued to win many races. The partnership helped both companies become stronger.
Ferrari Becomes Independent Again
In 2015, Ferrari became independent again. Fiat Chrysler Automobiles (FCA) decided to spin-off Ferrari.
Ferrari started trading on the stock market. This move made Ferrari an independent company once more.
Conclusion
So, did Fiat buy Ferrari? Yes, Fiat bought a stake in Ferrari in 1969. The deal helped both companies grow.
Today, Ferrari is an independent company again. The history between Fiat and Ferrari is a great story of partnership.