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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.
Enzo Ferrari was born in Modena on February 18th 1898 and died on August 14th 1988. He devoted his entire life to designing and building sports cars and, of course, to the track.Ferrari has garnered over 5,000 victories on the worldâs tracks and roads, becoming a modern-day legend in the process.n order to meet growing market demand, Enzo Ferrari sold the Fiat Group a 50% stake in the company in 1969, a figure that rose to 90% in 1988. Ferrariâs share capital is currently divided as follows: 90% Fiat Group, 10% Piero Ferrari.