Who Owns Ferrari?

• Parent Company: Ferrari N.V.
• Ownership Type: Wholly owned
• Company Type: Publicly Traded
• Stock Ticker: NYSE: RACE

• Founded: 1947
• Founders: Enzo Ferrari

• Founded: 1939
• Headquarters: Maranello, Emilia-Romagna, Italy
• Company Type: Publicly Traded
• Stock: NYSE: RACE
• Revenue: approximately €7.15 billion (FY2025)
• Employees: Approximately 16,000

Visit Ferrari N.V. website

• Headquarters: Maranello, Italy
• Manufacturing / Operations: Maranello, Italy

Ferrari has accelerated its commitment to sustainability while delivering record-breaking financial performance, implementing comprehensive environmental initiatives that align with the luxury automaker's carbon neutrality goals. The company has established ambitious targets for 2030 carbon neutrality while maintaining its heritage of performance and exclusivity, demonstrating how luxury automotive excellence can coexist with environmental responsibility.

Carbon Neutrality Commitment: Ferrari aims to become carbon neutral by 2030, implementing a comprehensive strategy that addresses all emission scopes. The company has already reduced its Scope 1 and 2 emissions to 77,691 tCO₂eq in 2023, down from 84,012 tCO₂eq the previous year, achieved through the electrification of its Maranello plant and significant renewable energy investments. This reduction demonstrates Ferrari's commitment to measurable environmental progress while maintaining manufacturing excellence.

Electrification Strategy: Ferrari is advancing its electrification roadmap with the launch of its first fully electric vehicle scheduled for October 9, 2025, at its Maranello headquarters. This marks a pivotal moment in Ferrari's history as it ventures beyond its signature high-performance combustion engines. The company targets at least 50% of its lineup being electrified by 2030, including hybrid and electric vehicles that maintain the performance characteristics expected from Ferrari vehicles.

Renewable Energy Implementation: Ferrari has invested significantly in renewable energy infrastructure, including a 1 MW solid oxide fuel cell plant that reduces gas consumption by 20%. The company is expanding solar power capacity with a target of 10 MW peak output by 2030. These investments in clean energy demonstrate Ferrari's commitment to sustainable manufacturing processes while maintaining the precision and quality standards essential for luxury vehicle production.

Sustainable Materials Innovation: Ferrari is integrating recycled aluminum into production processes, aiming to cut raw material emissions by 30%. The company's research into advanced battery technology through its E-Cells Lab further solidifies its commitment to long-term emission reductions, ensuring that the transition to electrification includes sustainable production methods and material efficiency.

Supply Chain Decarbonization: Beyond internal operations, Ferrari is addressing Scope 3 emissions by working with suppliers to implement stricter sustainability standards and promote low-carbon materials. The company is collaborating with partners throughout its supply chain to reduce the environmental impact of component manufacturing and logistics, creating a more sustainable ecosystem for luxury automotive production.

Biodiversity and Reforestation Initiatives: Ferrari has launched Bosco Ferrari, a reforestation project in Italy designed to enhance biodiversity and contribute to carbon sequestration. The company is also partnering with ClimateSeed on Verra-certified carbon credit projects, demonstrating a comprehensive approach to environmental stewardship that extends beyond manufacturing operations.

Synthetic Fuels Research: Ferrari is exploring synthetic fuels as a potential alternative for future combustion models, aligning with industry trends in sustainable fuel development. This research represents the company's commitment to finding innovative solutions that can preserve the performance characteristics of internal combustion engines while reducing environmental impact.

Ethical Manufacturing and Labor Practices: Ferrari maintains strict ethical standards in its Maranello manufacturing operations, ensuring worker safety, fair labor practices, and high-quality working conditions. The company's commitment to Italian manufacturing heritage includes maintaining responsible employment practices while preserving the craftsmanship and attention to detail that define Ferrari vehicles.

Ferrari has achieved significant recognition for automotive design excellence, engineering innovation, and motorsport achievements, establishing itself as one of the most awarded and celebrated brands in the luxury automotive industry. The company's combination of performance excellence and design innovation has earned numerous accolades across multiple categories, reinforcing Ferrari's position as a global leader in luxury sports cars.

Design Excellence Awards: Ferrari received the highest design award from the German Red Dot Award organization in 2025, with the Ferrari 12Cilindri, 12Cilindri Spider, and F80 hybrid supercar all honored with the prestigious "Best of the Best" designation. The F80, equipped with a V6 engine derived from the power unit that won the legendary 24 Hours of Le Mans in 2023 and 2024, represents Ferrari's commitment to combining racing technology with road car innovation.

Automotive Industry Recognition: In April 2025, the Ferrari 12Cilindri was awarded the prestigious Car Design Award in the Production Cars category, a coveted recognition in the automotive design sector. The same month, the Ferrari 12Cilindri and 12Cilindri Spider won the 2025 IF Design Gold Award, demonstrating international recognition for Ferrari's design excellence and innovation.

Motorsport Achievement Awards: Ferrari was honored for endurance triumphs at the 2025 FIA Awards, recognizing the company's continued success in motorsport competitions. The company's Formula 1 team, Scuderia Ferrari, remains the oldest and most successful team in the sport's history, having won 16 Constructors' Championships and 15 Drivers' Championships, achievements that continue to reinforce Ferrari's racing heritage and technical excellence.

Supplier and Partnership Recognition: The Ferrari Podio 2025 event, dedicated to Maranello's suppliers and strategic partners, took place at the Mugello circuit, underscoring the strong sense of belonging to the Ferrari community. This recognition extends beyond the company itself to include the network of suppliers, customers, and fans who contribute to Ferrari's success and brand ecosystem.

Customer and Community Awards: The Testa Rossa Awards 2024 recognized Ferrari's loyal customers and enthusiasts worldwide, celebrating those who take pride in supporting Ferrari's custom culture and heritage. These awards demonstrate the strong emotional connection between Ferrari and its customer base, highlighting the brand's ability to create lasting relationships beyond mere product transactions.

Financial Performance Recognition: Ferrari's 2024 financial results, with revenue hitting €6.68 billion (up 11.8%), have been recognized by financial analysts and business publications for demonstrating exceptional performance in the luxury automotive sector. CEO Benedetto Vigna's focus on "quality of revenues over volumes" has been acknowledged as a strategic approach that maintains brand exclusivity while achieving growth.

Innovation and Technology Awards: Ferrari's research into advanced battery technology through its E-Cells Lab and development of hybrid powertrains has received recognition from automotive industry organizations for innovation in sustainable performance technology. The company's ability to combine electrification with high performance represents a significant achievement in luxury automotive engineering.

Ferrari has received exceptional recognition for automotive excellence, design innovation, and motorsport achievement throughout its 75+ year history. As one of the world's most prestigious luxury automotive brands, Ferrari has earned prestigious awards from design organizations, motorsport governing bodies, and automotive industry groups that acknowledge its contributions to automotive engineering, design, and racing excellence.

Red Dot Design Awards 2025: Ferrari achieved remarkable success at the Red Dot Design Awards 2025, with three models receiving the prestigious "Red Dot: Best of the Best" award. The Ferrari 12Cilindri, Ferrari 12Cilindri Spider, and Ferrari F80 all won the highest honor in the Product Design category, demonstrating Ferrari's continued excellence in automotive design and innovation. These awards highlighted Ferrari's ability to combine iconic design language with cutting-edge technology and performance.

FIA World Endurance Championship 2025: Ferrari received the World Manufacturers' Championship trophy at the 2025 FIA Awards, recognizing the company's triumph in the FIA World Endurance Championship. This achievement marked Ferrari's return to endurance racing dominance, with the number 50 and 51 499P entries fielded by the factory Ferrari – AF Corse team securing the championship through consistent performance across all eight rounds of the competition.

FIA Formula 1 Recognition: Ferrari has received multiple awards and recognitions from the FIA for its achievements in Formula 1 racing, including constructors' championships and individual race victories. The company's commitment to motorsport excellence has been acknowledged through various FIA awards celebrating technical innovation, sporting achievements, and contributions to Formula 1's global appeal.

Design Excellence Awards: Ferrari has consistently received recognition from international design organizations for its automotive design excellence. The company's ability to create visually stunning vehicles that combine aerodynamic efficiency with aesthetic beauty has been acknowledged by design juries worldwide, establishing Ferrari as a benchmark in automotive design.

Luxury Brand Recognition: Ferrari has been acknowledged as one of the world's most powerful and valuable luxury brands by various brand valuation organizations and business publications. The company's ability to maintain exclusivity while achieving commercial success has been recognized as a model for luxury brand management.

Automotive Innovation Awards: Ferrari has received numerous awards for technological innovation in automotive engineering, particularly in hybrid powertrain development, aerodynamics, and performance optimization. The company's research and development efforts have been acknowledged by automotive engineering organizations for advancing high-performance automotive technology.

Customer Satisfaction Awards: Ferrari has received recognition for customer service excellence and ownership experience, particularly through programs like the Ferrari Testa Rossa Awards, which celebrate excellence across Ferrari's worldwide dealer network and honor outstanding customer service representatives.

Cultural Impact Recognition: Ferrari has been acknowledged for its significant cultural impact beyond automotive circles, with recognition from cultural institutions and media organizations for its influence on popular culture, design, and luxury lifestyle. The brand's iconic status has been celebrated in various cultural contexts and media.

Sustainability Recognition: Ferrari has received awards for its sustainability initiatives and environmental responsibility programs, particularly for its commitment to achieving carbon neutrality by 2030 while maintaining performance excellence. The company's balanced approach to sustainability and performance has been acknowledged by environmental organizations.

Employee and Workplace Recognition: Ferrari has been recognized for workplace excellence and employee development programs, particularly through initiatives that celebrate talent across the Ferrari organization and promote professional growth and innovation within the company.

Ferrari has faced various challenges related to Formula 1 performance issues, regulatory compliance, and the complex transition to electrification while maintaining brand exclusivity. These controversies have tested the company's ability to balance its racing heritage with modern automotive requirements and environmental responsibilities.

Formula 1 Performance Challenges (2024-2025): Ferrari faced significant difficulties with its Formula 1 car development, particularly with the SF-25 model that struggled to extract the performance levels seen in simulations. The team had to raise ride height to address technical issues, which compromised performance, or rely on drivers to manage the car's characteristics over race distances. These challenges highlighted the complex engineering trade-offs between performance, reliability, and regulatory compliance in modern Formula 1 racing.

Power Unit Investigation and Regulatory Scrutiny: Ferrari encountered power unit problems that led to FIA investigations, creating tensions within the Formula 1 community. With seven of the 10 F1 teams threatening legal action over the scandal, Ferrari faced significant reputational challenges and regulatory scrutiny that tested the company's relationship with governing bodies and competing teams.

Electrification Transition Challenges: As Ferrari prepares for its first fully electric vehicle launch in 2025, the company faces challenges in maintaining its performance heritage while meeting environmental regulations. The transition from internal combustion engines to electric powertrains represents a fundamental shift in Ferrari's engineering philosophy and brand identity, creating potential risks regarding customer acceptance and brand perception.

Production Volume and Exclusivity Balance: Ferrari's strategy of controlled production to maintain exclusivity faces challenges as the company invests heavily in electrification and sustainable technologies. The significant capital requirements for electric vehicle development may pressure the company to increase production volumes, potentially diluting the brand's exclusivity and premium positioning.

Supply Chain and Manufacturing Complexity: Ferrari's commitment to Italian manufacturing while implementing advanced electrification technologies creates supply chain challenges. The company must maintain its "Made in Italy" heritage while sourcing components for electric vehicles that may require specialized suppliers outside its traditional network, potentially impacting quality control and brand authenticity.

Environmental Regulation Compliance: Despite Ferrari's ambitious carbon neutrality goals, the company faces increasing regulatory pressure regarding emissions standards and environmental compliance. The luxury automotive sector is subject to stringent regulations that may conflict with Ferrari's performance-oriented engineering approach and customer expectations for high-performance vehicles.

Market Position and Competition: Ferrari faces increasing competition from other luxury brands and new entrants in the electric sports car market. Companies like Tesla, Rimac, and established luxury manufacturers are developing high-performance electric vehicles that challenge Ferrari's traditional market position and technological leadership.

Brand Identity and Cultural Transition: Ferrari's transition to electrification represents a significant cultural shift for a brand built on internal combustion engine performance and racing heritage. The company must navigate this transition carefully to maintain brand authenticity while embracing new technologies that may conflict with traditional Ferrari values and customer expectations.