Ferrari NV New Business Netherlands NV (NYSE:RACE)

Ferrari NV is an Italian brand providing luxury sports cars. The public holding company is domiciled in Maranello, Italy.

The company, founded by Enoz Ferrari, has its roots in a firm set up in 1939. 125 S its first racing car model was developed in 1947.

In addition to luxury cars, the company value-added services like financial support, maintenance, warranty programs, apparels, watches, caps, earphones, and other accessories.

Ferrari is global sports car brand, which is reportedly known for its performance vehicles used in sporting events across the globe. The company markets its products in various countries worldwide.

Following a spin-off in 2016, the firm became an independent, public limited entity. It is listed on the New York Stock Exchange with ‘RACE’ as trading symbol. The company claims to build cars that symbolizes Italian excellence across the world.

In addition to tradition and innovation, the car brand claims to combine exceptional artisanal craftsmanship and revolutionary technological solutions to create icons that stays timeless in the changing world.

The company also operates its own network of stores selling Ferrari shoes, watches, memorabilia, etc. The first such store was opened in Maranello in 2002.

Some of the leading car models include:
• 812 Superfast
• 812 GTS
• SF 90 Stradale
• F8 Spider Ferrari Roma
• Icona
• 812 Superfast
• Ferrari Portofino M

The luxury sport car manufacturer also claims to be a part of several global racing competitions, including Competizioni GT, Ferrari Challenge, F1 Clienti, Corso Pilota, etc.

In 2020, the Italian car manufacturer claims to have sold around 9119 cars, most of which were designed and developed in Maranello. In addition, the company sold its cars in more than 60 markets across the globe through a network of approximately 170 authorized dealers.

The company produced its first plug-in hybrid electric vehicle under two models, SF90 Stradale and SF90 Spider.