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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 is an Italian sports car manufacturer that specializes in high-performance luxury vehicles. Ferrari models are known for their sleek design, speed, and high sticker prices. Ferrari car prices range from $188,425 and go upwards of $400,000. Enzo Ferrari did not set out to create cars; he actually began his a career in Italian racing, and in 1928 formed an amateur team that utilized Alfa Romeo cars until 1938.