Cars Do Not Get Faster or Sexier than Ferraris (NYSE:RACE)
When the subject of great cars comes up in a conversation 1 thing is certain, car enthusiasts the world over agree that they (cars) do not get much faster or sexier than Ferraris.
Founded 70 years ago, the iconic Italian brand is at the Top of the list with its luxury, high-performance Supersports cars. I have been a Ferrari fan for about 65 of those 70 years, and an owner for 52 years.
Ferrari’s genesis lie in Scuderia Ferrari SF), a racing outfit founded in Y 1929 by Enzo Ferrari for the purpose of organizing amateur drivers for participation in racing competitions.
Enzo Ferrari was an accomplished race car driver, with numerous victories to his credit. The company’s Prancing Horse mark was originally seen on the fuselage of an airplane flown by a heroic Italian pilot.
Enzo Ferrari was invited to use the emblem by the pilot’s Mother, as a good-luck charm for his racers.
By the 1930’s, Enzo Ferrari had begun laying the groundwork to build a car of his own, 2 cars were produced in Y 1940 with Alfa Romeo, but they did not bear the Ferrari badge. The cars raced the Mille Miglia but World War II halted to their time on the racetrack.
In Y 1943, Enzo Ferrari began constructing a factory on a plot of land he owned in the village of Maranello, it had suffered bomb damage, but was completely rebuilt by Y 1946. By the end of the decade, the 1st Ferrari vehicle, the 125S was unveiled, as had the 166 Touring Barchetta Roadster.
The Scuderia marked its 1st world championship Grand Prix win in Y 1950 at the British Grand Prix.
Throughout the 1950’s and ’60’s, Ferrari cars dominated on the racetrack, posting up win after win under Enzo’s solid leadership, while also producing beautiful road cars such as the 250 GT California Spyder, 275 GTB, 365 GTB4 “Daytona” and “Dino” 206 & 246 GT
Early in the 1970’s, Enzo Ferrari sold 50% of his company to friend Gianni Agnelli’s Fiat. Fiat (NYSE:FCAU)was hands-off in its role as part owner. The sale did not impact Ferrari’s focus, and the brand continued on the road producing exclusive, high-end machines. New models like the 308 GT4, 308 GTB and 365 GT4 BB were introduced, I dubbed them the beginning of the “Wind Tunnel” cars..
The 1980’s saw Fiat’s stake in the company rose to 90%, with the remainder being owned by the Ferrari Family.
Enzo’s son Pietro was named Vice President. That frame saw the death of founder Enzo Ferrari who passed in Modena in Y 1988. During this frame, models like the Mondial, 288 GTO, F40 and Testarossa were introduced.
Ferrari then bought the Maserati brand into its family in Y 1997. Maserati had been acquired by parent company Fiat.
The Ferrari Team lost some of its luster on the racetrack after the death of Enzo, that changed when racing legend Michael Schumacher joined The Scuderia in the mid-1990’s.
Mr. Schumacher was responsible for several notable F1 victories and constructors championships, restoring much of the legendary brand’s glory on the track. A new V12 GT model, the 550 Maranello, was launched, as was the F355 sports car and F50 supercar.
The 1st 10 years of this millennium saw Ferrari launch a variety of models.
Highlights included the F430, Enzo, 599 GTB Fiorano and 458 Italia.
Ferrari reigns on the Top of the list for buyers with a desire for luxury, high-powered and high styled Italian automotive art.
|NYSE:RACE||88.74||20 June 2017||-1.04||89.43||89.59||88.61||361,500|
|HeffX-LTn Analysis for RACE:||Overall||Short||Intermediate||Long|
|Very Bullish (0.51)||Bullish (0.30)||Very Bullish (0.65)||Very Bullish (0.58)|