Ferrari is an Italian car manufacturer in the Formula One World Championship, also involved in high-end and high-performance race cars, supercars, and sports cars. The company was founded by Enzo Ferrari in 1929. At first, Scuderia Ferrari sponsored drivers and manufactured race cars; the company went into independent car production in 1946, eventually became Ferrari S.p.A., and is now controlled by the Fiat group. The company is based in Maranello, near Modena, Italy.

1929–1946

Enzo Ferrari never intended to produce road cars when he formed Scuderia Ferrari in 1929 as a sponsor for amateur drivers headquartered in Modena. Ferrari prepared and successfully raced various drivers in Alfa Romeo cars until 1938, when he was officially hired by Alfa as head of their racing department.

In 1940, upon learning of the company's plan to absorb his beloved Scuderia and take control of his racing efforts, he quit Alfa. Because he was prohibited by contract from racing for several years, the Scuderia briefly became Auto Avio Costruzioni Ferrari, which ostensibly produced machine tools and aircraft accessories. Also known as SEFAC Ferrari did in fact produce one racecar, the Tipo 815, in the non-competition period; it was thus the first actual Ferrari car (it debuted at the 1940 Mille Miglia), but due to World War II it saw little competition. In 1943 the Ferrari factory moved to Maranello, where it has remained ever since. The factory was bombed in 1944 and rebuilt in 1946 to include a works for road car production. Right up to Il Commendatore's death, this would remain little more than a source of funding for his first love, racing.

"Scuderia Ferrari" literally means "Ferrari Stable" in keeping with the prancing horse emblem; the name is figuratively translated as "Team Ferrari".

1945–present

The first Ferrari road car was the 1947 125 S, powered by a 1.5 L V12 engine; Enzo reluctantly built and sold his automobiles to fund the Scuderia. While his beautiful and blazingly fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers, most of whom he felt were buying his cars for the prestige and not the performance. However, at one point, Enzo Ferrari's cars were exceeded in performance by the Spanish firm, Pegaso, which later went defunct.

Ferrari road cars, noted for magnificent styling by design houses like Pininfarina, have long been one of the ultimate accessories for the rich. Other design houses that have done work for Ferrari over the years include Scaglietti, Bertone, Touring, Ghia, and Vignale.

In 2005, 4 universities (Coventry University for one) were granted the grand offer to come up with the next vehicle line-up for Ferrari in a student competition named 'Ferrari Concepts of the Myth'. 20 winners were allowed to show off their concepts in a 1/4 scale model and present their work to the board and the compelling historic names at Ferrari to allow for 3 out right winners to have the chance at working in the Ferrari design studio there at Maranello.

As of 2004, FIAT owns 56% of Ferrari, Mediobanca 15%, Commerzbank 10%, Lehman Brothers 7%, and Enzo's son Piero Ferrari 10%.

Enzo Ferrari's true passion, despite his extensive road car business, was always auto racing. His Scuderia started as an independent sponsor for drivers in various cars, but soon became the Alfa Romeo in-house racing team. After Ferrari's departure from Alfa, he began to design and produce cars of his own; the Ferrari team first appeared on the European grand prix scene after the end of World War II.

In 1949, Luigi Chinetti drove a Model 166M to Ferrari's first win in motorsports, which was at the 24 Hours of Le Mans. Chinetti drove the automobile for all except twenty minutes of the Grand Prix race. Chinetti soon became the American dealer for Ferraris and established the North American Racing Team, Ferrari's official racing arm. The dealership is reported to have provided the sales that kept the company in business through sales to wealthy Americans, such as Briggs Cunningham, who bought the first one Chinetti sold through the new dealership.

The Scuderia joined the Formula One World Championship in the first year of its existence, 1950. José Froilán González gave the team its first victory at the 1951 British Grand Prix.

Alberto Ascari gave Ferrari its first Constructors Championship a year later. Ferrari is the oldest team left in the championship, not to mention the most successful: the team holds nearly every Formula One record. As of 2005, the team's records include fourteen World Drivers Championship titles (1952, 1953, 1956, 1958, 1961, 1964, 1975, 1977, 1979, 2000, 2001, 2002, 2003 and 2004), fourteen World Constructors Championship titles (1961, 1964, 1975, 1976, 1977, 1979, 1982, 1983, 1999, 2000, 2001, 2002, 2003 and 2004), 179 Grand Prix victories, 3,445 and a half points, 544 podium finishes, 174 pole positions, 11,182 laps led, and 180 fastest laps in 1,622 Grands Prix contested.

Notable Ferrari drivers include Tazio Nuvolari, Juan Manuel Fangio, Luigi Chinetti, Alberto Ascari, Phil Hill, Mike Hawthorn, John Surtees, Niki Lauda, Jody Scheckter, Gilles Villeneuve, Gerhard Berger, Nigel Mansell, Alain Prost, Jean Alesi, and Michael Schumacher.

The famous symbol of the Ferrari race team is a black prancing horse on yellow shield-shaped background, usually with the letters S F for Scuderia Ferrari, and with three stripes of the Italian national colors green-white-red on top. The road cars have a rectangular badge on the bonnet (see picture above).

Curiously, a similar black horse on a yellow shield is the Coat of Arms of the German city of Stuttgart. This name is derived from Stutengarten, an ancient form of the modern German word Gestüt, which translates into English as stud farm and into Italian as scuderia. Stuttgart, called Stoccarda by the Italians, is the home of Mercedes-Benz and Ferrari's rival Porsche, which also uses the Stuttgart sign in its corporate logo, centred in the emblem of the state of Württemberg just like the city is placed within the state. Enzo Ferrari met these competitors many times since the 1920s while competing for Alfa.

On June 17, 1923, Enzo Ferrari won a race at the Savio track in Ravenna where he met the Countess Paolina, mother of Count Francesco Baracca, a legendary asso (ace) of the Italian air force and national hero during World War I, who used to paint a horse on the side of his planes. The Countess asked Enzo to use this horse on his cars, suggesting that it would grant him good luck. Ferrari left the horse black as it had been on Baracca's plane; however, he added a canary yellow background as this is the color of the city of Modena, his birthplace. It has been supposed the choice of a horse was perhaps partly because his noble family was known for having many horses on their estates at Lugo di Romagna. Another theory suggests Baracca copied the rampant horse design from a shot-down German pilot who had the emblem of the city of Stuttgart on his plane. This is supported by the evidence Barraca's horse looks more similar to the one of Stuttgart (not changed since 1938) than the current Ferrari design, especially as the legs of the horses are concerned. Baracca using the Stuttgart horse from a shot-down plane ties in with the fact that his family owned many horses.

Ferrari used the cavallino rampante on official company stationery beginning in 1929. The first race at which Alfa Romeo would let Ferrari use the horse on the Alfas entered by his Scuderia Ferrari won the Spa 24 Hours on July 9, 1932, which the Ferrari-led Alfa team won. Ever since, the cavallino was shown on the Alfas that were competing against the Silver Arrows of Mercedes-Benz and Auto Union, among others.