Italy Racing Car Manufacturer
Italian cars, in particular sports cars and luxury cars, enjoy a reputation worldwide for design and speed. The Italian automobile industry had its beginnings in 1884 when Enrico Bernardi built a tricycle car that ran on petrol fuel. In 1896 the first actual Italian car was produced. Three years later, Giovanni Agnelli and his partners founded Fiat and produced their first model. Italy is now one of the top five automobile manufacturers in the world, and Fiat dominates the industry with over 90% of overall production.
The history of Italian car manufacturing reads somewhat like a soap opera, with tales of mergers and acquisitions threatening to deflect attention from the designers. Yet despite the rocky financial backdrop, the industry still consistently delivers a range of beautiful and powerful cars. Here are the current top six Italian car manufacturers in alphabetical order:
- 1. Alfa Romeo
Alfa Romeo Automobiles was founded on June 24, 1910 in Milan. Initially named ALFA, the company was an offshoot of Società Anonima Italiana Darracq (SAID), founded in 1906 by Frenchman Alexandre Darracq and some Italian investors. ALFA produced its first car, the 24 HP, in 1910, and a year later entered two cars in the Targa Florio motor racing event. This began a long association with motor racing.
In 1915, Nicola Romeo took over as director, and the company halted car production to manufacture military hardware. In 1920, the company name was changed to Alfa Romeo. Mussolini commandeered the company in 1941 to build vehicles for the wealthy, and after the end of the war, Alfa Romeo reorganized and began mass-producing small cars. In 1954, they developed the Alfa Romeo Twin Cam engine, which they manufactured for the next forty years. Since its inception, the cpmpany has built a reputation for producing fine quality, expensive sports cars.
Alfa Romeo has successfully competed in many different types of motor racing, including Formula One, Grand Prix motor racing, sports car and touring car racing, and rallies. The company produced its first racing car in 1913, and won the inaugural Grand Prix world championship in 1925. When the Alfa Romeo racing team was privatised, team leader Enzo Ferrari named it Scuderia Ferrari. During the 1960s and 1970s Alfa Romeo produced a number of sports cars, but the brand was sold to the Fiat Group in 1986. Models currently in production include the MiTo, Giulietta, 159, GT, Brera, Spider, and 8C Spider.
Ferrari was founded in 1929 by Enzo Ferrari under the name Scuderia Ferrari. Initially it was the racing team for Alfa Romeo, until financial constraints forced Alfa to withdraw their cars in 1933. Ferrari manufactured racing cars and sponsored drivers before expanding into the road vehicles market in 1947. This move was primarily to fund its racing ventures, especially in Formula One where it was highly successful.
The first Ferrari race car was entered in the 1940 Mille Miglia race. Ferrari is the only team to have competed in the Formula One World Championship continuously since it was founded in 1950. In 1973, Ferrari retired from sports car racing to concentrate exclusively on Formula One. With Michael Schumacher on the team, Ferrari dominated Formula One racing from 2000 through 2004. Scuderia Ferrari holds nearly every Formula One record. According to Wikipedia, Ferrari's records include 15 World Drivers Championship titles, 16 World Constructors Championship titles, 209 Grand Prix victories, 4925.27 points, 622 podium finishes, 203 pole positions, and 218 fastest laps in 776 Grands Prix contested.
Ferrari entered the road car market in 1947. Two years later, it entered the grand touring market, which still accounts for the majority of Ferrari sales. In 1962 it entered the super car market, and later produced one-off models for wealthy clients.
Ferrari licenses many products under its brand, including clothing, eyewear, perfume and cologne, watches, bicycles and electronics. The Ferrari museum, Galleria Ferrari, features a variety of displays that document the company's achievements.
Enzo Ferrari died in 1988, causing the value of both used and new model Ferraris to rise. In 1969 Fiat purchased a 50% stake in Ferrari, as well as Alfa Romeo.
Fiat (Fabbrica Italiana Automobili Torino) was founded in 1899 by a group of investors which included Giovanni Agnelli. The company grew quickly, and, 25 years later, dominated the Italian car market. Fiat produces a range of cars including small road cars, sports cars, vans and trucks. Fiat has won the European Car of the Year award twelve times.
Fiat also has a significant presence overseas. Since the 1950s, the company has worked to establish motor industries in a number of countries. Fiat-based cars are constructed in Bulgaria, Poland, Russia, Spain, Serbia, Turkey, Ethiopia, Egypt, Argentina, Brazil, South Africa, India, Pakistan, Sri Lanka and Korea.
Fiat has a history of buying up its competitors in the Italian car industry. In 1967, it purchased Autobianchi, and, two years later, purchased controlling interests in Ferrari and Lancia. In 1986, Fiat acquired Alfa Romeo, and in 1993, Maserati. Consequently, Fiat is now the largest Italian car manufacturer, and the world's sixth largest.
In 1979, the company spun off its various businesses into separate entities and became a holding company. Fiat is now a conglomerate, owning businesses in a wide variety of industries. Currently, it is Italy's largest industrial organization.
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