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Fiat has owned part of Ferrari since 1969 when it bought a 50% stake in the carmaker. Fiat has been Chrysler's parent since right after Chrysler's bankruptcy and government bailout in 2009. Fiat officially took over Chrysler last year as the two companies merged into FCA. Â© 2017 Time Inc.
Ferrari company founder Enzo Ferrari passed away in 1988, and the Ferrari brand quickly became a legend. The value of all Ferrari vehicles, both used and new, rose dramatically. In 2002, Enzo, the fastest model to date, was introduced by Ferrari in honor of its founder. The cost of each Enzo model was $1.8 million.