Discover the relationship between Ferrari and Fiat. Learn who owns whom!
Introduction
Ferrari and Fiat are two famous car companies. Both have rich histories. Many people wonder if Ferrari owns Fiat or if it is the other way around. Let’s find out!
Credit: www.experienceferrari.com
The History of Ferrari
Ferrari is a luxury car company. It was founded by Enzo Ferrari in 1939. Enzo loved racing. He wanted to make fast cars. Ferrari cars are known for their speed and beauty. The prancing horse logo is famous worldwide.
The History of Fiat
Fiat is an Italian car company. It was founded in 1899. Fiat stands for “Fabbrica Italiana Automobili Torino.” This means Italian Automobile Factory of Turin. Fiat makes many types of cars. They are known for making reliable and affordable vehicles.
Relationship Between Ferrari and Fiat
Ferrari and Fiat have a close relationship. But, Ferrari does not own Fiat. In fact, Fiat once owned Ferrari. Fiat bought a 50% stake in Ferrari in 1969. This helped Ferrari grow. It also gave Fiat access to Ferrari’s technology.
Fiat’s Ownership of Ferrari
Fiat’s ownership of Ferrari lasted many years. In 1988, Fiat increased its stake to 90%. This gave Fiat more control. Ferrari still operated independently. They continued to make luxury sports cars. Fiat focused on making everyday cars.
Credit: www.continentalautosports.com
Ferrari Becomes Independent
In 2015, Ferrari became independent. Fiat Chrysler Automobiles (FCA) spun off Ferrari. This means Ferrari became its own company again. FCA still owns a small part of Ferrari. But Ferrari is now mostly owned by public shareholders.
Fiat Chrysler Automobiles (FCA)
Fiat merged with Chrysler in 2014. They formed Fiat Chrysler Automobiles (FCA). FCA is a big car company. They make many brands. Some of these brands are Jeep, Dodge, and Alfa Romeo. FCA is now part of Stellantis, a bigger company.
Stellantis
Stellantis was formed in 2021. It is a merger of FCA and PSA Group. PSA Group is a French car company. They make Peugeot and Citroën cars. Stellantis is one of the biggest car companies in the world.
Conclusion
So, does Ferrari own Fiat? No, Ferrari does not own Fiat. Fiat once owned Ferrari. But now, both are separate companies. Ferrari is independent. Fiat is part of Stellantis. Both companies continue to make amazing cars.
Frequently Asked Questions (FAQ)
| Question | Answer |
|---|---|
| Does Ferrari own Fiat? | No, Ferrari does not own Fiat. |
| Did Fiat own Ferrari? | Yes, Fiat once owned Ferrari. |
| Is Ferrari independent now? | Yes, Ferrari became independent in 2015. |
| What is Stellantis? | Stellantis is a big car company. It was formed in 2021. |