| In 1929 Enzo Ferrari created his company Scuderia | | | | Scaglietti to finish the projects that the |
| Ferrari in Italy with intentions to invent race cars and | | | | ex-employees left behind. The 250 GTO model was |
| sponsor amateur drivers - it would be more the | | | | the biggest job to finish. This new 250 GTO model |
| fifteen years before Ferrari would create their own | | | | was to compete with the Jaguar E-type. They |
| street car in 1946. Scuderia is an Italian word and | | | | finished the 250 GTO model in time to race in the |
| means "stable", but Scuderia Ferrari is sometime also | | | | Sebring race and place first in class with driver Phil Hill. |
| translated as Team Ferrari. | | | | From there on the 250 GTO model continued to win |
| In 1961 Enzo fired many of his upper management | | | | races and has become one of the best known race |
| due to a disagreement between him and his sales | | | | cars of all time. |
| manager Girolam Gardini. This was considered a | | | | In the 1980s Ferrari began to use fuel injection in the |
| massive loss for the company considering some of | | | | street cars, the Ferraris became know as rather |
| the employees that had been let go were Carlo Chiti, | | | | fickle vehicles. Even though people consider them |
| the chief engineer, Giotto Bizzarrini, the chief of the | | | | unreliable, Ferrari would still attract large groups of |
| experimental sports car development, and Romolo | | | | dedicated fans that viewed the unreliability as |
| Tavoni, manager for Scuderia Ferrari. The situation | | | | "distinguishing" rather than an issue. Currently, FIAT |
| got worse when the ex-employees started their own | | | | controls 56 percent of the Ferrari stocks. All the |
| automobile company called Automobili Turismo e | | | | other stocks are owned by Enzo's con Piero Ferrari, |
| Sport (ATS). | | | | the Lehman Brothers, Mediobanca, and |
| Enzo Ferrari brought on Mauro Forghieri and Sergio | | | | Commerzbank. |