WHO OWNS FERRARI AND WHERE ARE THE CARS BUILT?

When it comes to the world of high-performance automobiles, few names evoke as much passion, prestige, and power as Ferrari. Since its inception in 1947, Ferrari has been synonymous with speed, luxury, and racing dominance. From its iconic Prancing Horse logo to its handcrafted, high-performance vehicles, Ferrari has cemented its place as one of the most revered automotive brands in history.

In this article, we’ll explore Ferrari’s origins, its evolution from a racing powerhouse to a global luxury brand, and what makes its cars so extraordinary. Whether you’re a die-hard Ferrari enthusiast or simply curious about the brand’s legacy, this deep dive will provide a comprehensive look at the Italian marque that continues to captivate the world.

The Birth of Ferrari: A Racing Legacy

Ferrari’s story begins with its founder, Enzo Ferrari, a man whose name is forever intertwined with the world of motorsport. Enzo’s passion for racing was evident long before he founded his own company. In the 1920s and 1930s, he worked closely with Alfa Romeo’s racing division, where he honed his skills as a driver, team manager, and strategist.

In 1947, Enzo Ferrari took a bold step and founded Auto Avio Costruzioni, which would later become Ferrari S.p.A. That same year, the company unveiled its first street-legal car, the 125 S, powered by a 1.5-liter V12 engine. While the 125 S was a road car, Enzo’s true passion lay in racing. Ferrari quickly established itself as a dominant force on the track, winning its first Grand Prix in 1948 and securing its first 24 Hours of Le Mans victory in 1949.

Ferrari’s Ownership Journey: From Enzo to Public Trading

Enzo Ferrari was the driving force behind the company in its early years, but as Ferrari grew, so did its ownership complexities. Here’s a brief overview of Ferrari’s ownership history:

1969: Enzo Ferrari sold a 50% stake in the company to Fiat, the Italian automotive giant, to secure financial stability and fund further growth.
1988: Following Enzo’s death, Fiat increased its ownership stake to 90%, leaving the remaining 10% to Enzo’s son, Piero Ferrari.
2016: Fiat (now part of Fiat Chrysler Automobiles) spun off Ferrari as an independent entity, listing it on the New York Stock Exchange.

Today, Ferrari’s ownership is divided as follows:

Public Shareholders: 58.8%
Piero Ferrari: 10.48%
Exor N.V.: 24.65% (the holding company of the Agnelli family, founders of Fiat)
BlackRock Inc.: 6.07%

Despite these changes, Ferrari has remained true to its Italian roots and racing heritage.

Ferrari’s Manufacturing: A Testament to Craftsmanship

One of the most remarkable aspects of Ferrari is its commitment to craftsmanship and exclusivity. Every Ferrari is manufactured in Maranello, Italy, at a sprawling 1.78-million-square-foot facility. Unlike mass-produced vehicles, Ferraris are built with meticulous attention to detail, blending cutting-edge technology with traditional handcrafting techniques.

Why Are Ferrari Production Numbers So Low?

In 2023, Ferrari produced just 13,752 vehicles. This limited production is intentional and reflects the brand’s focus on exclusivity and quality. Here’s why Ferrari makes so few cars:

Handcrafted Excellence: Ferrari engines are cast in-house, and each powerplant is assembled by hand. This level of care ensures unparalleled performance and reliability.
Customization: Ferrari offers extensive customization options, allowing buyers to personalize everything from the paint color to the stitching on the seats.
Exclusivity: By limiting production, Ferrari maintains its status as a luxury brand, ensuring that owning a Ferrari remains a rare and prestigious experience.

Ferrari’s Iconic Cars: From the Track to the Silver Screen

Ferrari’s vehicles are not just cars—they’re works of art. Over the decades, the brand has produced some of the most iconic and sought-after cars in history. Here are a few highlights:

1. Ferrari 250 GTO (1962)

Widely regarded as one of the most beautiful cars ever made, the 250 GTO is also a racing legend. With only 36 units produced, it’s one of the rarest and most valuable Ferraris, often fetching over $50 million at auction.

2. Ferrari F40 (1987)

Built to celebrate Ferrari’s 40th anniversary, the F40 was the last car personally approved by Enzo Ferrari. Its turbocharged V8 engine and lightweight design made it a performance icon.

3. Ferrari LaFerrari (2013)

As Ferrari’s first hybrid hypercar, the LaFerrari combined a 6.3-liter V12 engine with an electric motor to produce 950 horsepower. It represents the pinnacle of Ferrari’s engineering prowess.

4. Ferrari in Pop Culture

Ferrari’s allure extends beyond the automotive world. The brand’s cars have starred in countless films, from “Ferris Bueller’s Day Off” (1986) to the “Fast & Furious” franchise. Even a destroyed Ferrari—like the one that sold for $1.8 million—commands astronomical prices, a testament to the brand’s enduring appeal.

The Prancing Horse: A Symbol of Excellence

Ferrari’s iconic logo, the Prancing Horse, was inspired by a World War I fighter pilot, Francesco Baracca, who painted the emblem on his plane. Enzo Ferrari adopted the logo at the suggestion of an Italian countess, adding a yellow background to represent the color of Modena, his hometown.

Today, the Prancing Horse is a global symbol of speed, power, and luxury. It’s a badge that represents not just a car, but a legacy of excellence.

Ferrari’s Future: Innovation Meets Tradition

As Ferrari looks to the future, it continues to push the boundaries of automotive innovation while staying true to its heritage. Recent developments include:

Electric and Hybrid Models: Ferrari has embraced electrification, with models like the SF90 Stradale and plans for a fully electric Ferrari by 2025.
Sustainability: The Maranello factory is powered by renewable energy, and Ferrari is committed to reducing its environmental impact.
Racing Dominance: Ferrari remains a force in motorsport, competing in Formula 1 and other racing series with unwavering passion.

Conclusion: The Enduring Legacy of Ferrari

Ferrari is more than just a car manufacturer—it’s a symbol of ambition, innovation, and Italian craftsmanship. From its humble beginnings in 1947 to its status as a global luxury icon, Ferrari has consistently redefined what’s possible in the automotive world.

Whether you’re drawn to the roar of a Ferrari engine, the elegance of its design, or the thrill of its racing heritage, there’s no denying the magic of the Prancing Horse. As Ferrari continues to evolve, one thing is certain: its legacy will endure for generations to come.

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Cars

RESALE VALUE OF THE MAZDA CX-5: HOW QUICK HAS THE SUV DEPRECIATED?

by George Mensah 2025-11-15

The Mazda CX-5 has been one of Mazda’s most influential models since its debut in 2012. Now entering its third generation with the 2026 model year, this compact SUV remains at the heart of the brand’s global success. Over 4.5 million units have been sold worldwide, of which 1.6 million were purchased in the United States, thus easily making it one of Mazda’s most successful nameplates.

But for many shoppers, especially in the used market, one major question remains: How well does the Mazda CX-5 hold its value over time?

Depreciation Breakdown: How Much Value Does a Mazda CX-5 Lose?

The resale value largely depends on the level of depreciation-the natural decline in a vehicle’s worth as time and mileage pile up. While CarEdge data indicates that the CX-5 holds its value relatively well for its class, it still depreciates more quickly than many of its top competitors.

Two-Year-Old Mazda CX-5

Average Depreciation: $12,963

Value Retained: 66.57%

Estimated Resale Value: $25,815

Mileage Assumption: 27,000 miles total (13,500 per year)

Five-Year-Old Mazda CX-5

Average Depreciation: $16,217

Value Retained: 58.18%

Estimated Resale Value: $22,561

Mileage Assumption: 67,500 miles total

These numbers suggest that while the CX-5 retains decent value, it nevertheless surrenders a significant portion of its value within the first five-year period, which is typically where most vehicles lose their value the fastest.

What Influences Depreciation Beyond Age and Mileage?

While time and mileage are the primary drivers of depreciation, several other factors play a major role in how much a used CX-5 is worth:

History of maintenance

The better choice will always be a well-maintained CX-5.

Consistent oil changes

Scheduled services according to Mazda’s recommendations

Proper care for brakes, tires, and fluids

Complete service records can help your vehicle sell more quickly and bring a better sale price.

Type of Driving

A car that does a lot of highway driving is often easier on the vehicle than constant stop-and-go city driving. A CX-5 that has spent its entire life doing long road trips might show less wear than one used to commute daily.

History of Accidents

Clean CarFax or AutoCheck reports greatly increase resale value.

Trim Level and Features

Higher trims, such as the Grand Touring or Signature, especially those with premium packages, will generally retain value better than their base-model brethren.

How the CX-5 Stacks Up Against Its Rivals

The compact SUV segment is highly competitive, with vehicles like the Toyota RAV4, Honda CR-V, and Subaru Forester always ranking near the very top in resale value. Here’s how the CX-5 compares:

After 2 Years

Toyota RAV4: 83.52% retained

Honda CR-V: 78.77%

Subaru Forester: 77.20%

Mazda CX-5: 66.57%

After 5 Years

Toyota RAV4: 69.42% retained

Honda CR-V: 67.01%

Subaru Forester: 65.98%

Mazda CX-5: 58.18%

These figures indicate that the CX-5 depreciates more quickly than its most popular rivals. For buyers, this is actually a good thing – used CX-5 models usually sell for less than similarly-equipped RAV4s or CR-Vs.

For sellers, though, the lower resale value means they may not recover as much of their investment when it’s time to move on.

The Bottom Line: Who Benefits Most?

Buyers: Buyers benefit by paying lower used prices because of higher depreciation.

Sellers: See resale returns lower than that of CR-V and RAV4 owners.

Simply stated, high depreciation works in the buyer’s favor, while strong resale value benefits the seller. Knowing which side you’re on helps you make the smartest financial decision.

Looking Ahead: The 2026 Mazda CX-5

Mazda is getting ready to introduce the highly anticipated third-generation CX-5 for the 2026 model year. Early reports indicate that

Refined design inspired by the CX-60 and CX-70

Updated safety and entertainment technology

More efficient powertrains

Improved handling and comfort These upgrades might be worth considering for shoppers who are torn between buying used or waiting for the latest model.

Cars

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by George Mensah 2025-10-29

Generative AI has moved from specialist interest to part of daily life — transforming all from entertainment to the workplace. From AI-generated art, deepfakes, and intelligent chatbots capable of talking like humans, AI is now part of modern life. Yet with technology racing ahead, so do fears it will spin out of control.

Now, a new generation of scientists, business leaders, and celebrities are calling for a slowdown on the next frontier: AI superintelligence — a form of artificial intelligence that potentially could surpass human intellectual ability in almost every dimension.

The Pushback: A Global Call to Slow Down AI Development

A collection of public personalities — such as Virgin Group creator Richard Branson, Apple co-founder Steve Wozniak, Prince Harry and Meghan Markle, actor Joseph Gordon-Levitt, and musician will.i.am — signed a new open letter called the “Statement on Superintelligence.”

The warning asks developers and businesses racing towards state-of-the-art AI systems, including OpenAI and Elon Musk’s xAI, to delay the magnitude of massive AI projects until there is a “broad scientific consensus that it will be done safely and controllably” and a “strong public buy-in” to support it.

Notably among them are two of the leading AI researchers, who are also cofounders of modern machine learning. The movement is thus quite heavily weighted.

“We must ensure that AI is serving humanity, and not vice versa,” the letter demands, threatening dire consequences in the event of runaway progress.

What Is AI Superintelligence — and Why Does It Worry Experts?

In order to understand the alarm, defining what AI superintelligence really is, is essential. Superintelligent AI, according to IBM, is a system which not only matches but far exceeds human intelligence — capable of reasoning, learning, and solving problems for itself in every respect, free of human control.

Contrary to current AI systems such as ChatGPT or Gemini, whose boundaries and data sets are defined, superintelligent AI would be continuously learning and evolving, rewriting its own code to increase efficiency and capability. Such recursive enhancement could make it almost impossible to contain.

“A true superintelligence would no longer need human oversight,” said Stuart Russell, an AI researcher at UC Berkeley. “At that point, its goals might diverge from ours — and we’d have no way to stop it.”

The Risks: From Job Losses to Existential Threats

The possible dangers of AI superintelligence go much beyond job automation or misinformation. The threat is mentioned by experts as the possibility of AI systems executing on their own in pursuit of ends that are in conflict with human values or safety.

Some of the highest threats:

Massive Job Displacement – AI already revolutionizes industries, but an entirely automated self-enhancing system could eliminate entire professions, ranging from programmers to creative professionals.

Loss of Human Control – The moment an AI begins to be smarter than the people who create it, it might be beyond control.

Weaponization and Surveillance – AI might be utilized by governments or corporations for total surveillance or robot war.

Existential Risk – In the worst-case scenario, a rogue AI with goals of its own would view humankind as an obstacle — one which scientists describe as a “digital doomsday.”.

Even if these ideas sound like science fiction, specialists argue that rejection of them would be naively dangerous. History has shown that humanity always underestimated the capabilities of its own inventions — from nuclear energy to biotechnology.

Increasing Public Alarm and Demand for Regulation

Public sentiment is shifting rapidly. A 2025 Pew Research Center survey found that 67% of Americans now support greater government regulation of AI, up from 42% two years earlier. The European Union has already legislatively signed the AI Act into law, establishing the globe’s first extensive regulatory framework for artificial intelligence, while U.S. lawmakers are determining how to follow.

Tech giants, however, are still racing ahead. OpenAI, xAI, Google DeepMind, and Anthropic are investing billions in “next-generation” AI models that could approach or surpass human-level reasoning.

“We’re in an AI arms race, and everyone wants to be first — but that could also mean being first to make a catastrophic mistake,” warned Richard Branson in a recent statement.

Is It Already Too Late to Stop?

Until now, actual AI superintelligence is still theoretical, although most experts foresee that it might arise in the next two decades if trends continue. The question is not whether or when it will happen, but whether human civilization will be prepared — morally, technically, and legally — when it does.

“The clock is ticking,” declared Yoshua Bengio. “We still have time to make this technology safe. But not much.”

The Bottom Line: Humanity at a Crossroads

The debate over AI superintelligence is no longer confined to labs or tech circles — it has become a global conversation about the future of humanity itself. As generative AI becomes ubiquitous, the next phase could redefine civilization in ways we’re only beginning to imagine.

Whether the Statement on Superintelligence does indeed result in change is yet to be known. But this much is definite: the world has finally realized that the latest technology human beings have ever come up with has the potential to be the most deadly — unless we can learn how to control it before it controls us.

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