Ferrari S.p.A., founded in 1939 by Enzo Ferrari, is an Italian luxury sports car manufacturer. With a market capitalization of approximately US$52 billion as of May 2023, Ferrari is globally recognized for its high-performance vehicles, including supercars, grand tourers, and an SUV. The company, which became public in 1960, was a subsidiary of Fiat S.p.A. from 1963 to 2014 before being spun off in 2016. Ferrari's legacy extends beyond road cars, as its racing team, Scuderia Ferrari, is the oldest and most successful in Formula One history. Boasting numerous championships and a passionate fan base known as tifosi, Ferrari is synonymous with Italian craftsmanship, speed, and racing excellence. In 2019, it was labeled the world's strongest brand by Brand Finance, highlighting its iconic status in the automotive industry.