Corporate History of Ferrari and Lamborghini

History-of-Ferrari

Ferrari vs. Lamborghini: The Supercar Rivalry

When it comes to amazing cars, most people will automatically bring up two names: Ferrari or Lamborghini. Amazingly, these two companies have more in common than you may realize.

Comparing Two Companies

Both Ferrari and Lamborghini are Italian companies. Ferrari was founded by Enzo Ferrari in 1929, who began it initially as a race team. The first road car made by the company was the 1947 125S. Amedeo Felisa is the current CEO and the company is currently owned by Fiat.
Lamborghini was founded in 1963 by Ferruccio Lamborghini. Common legend has it that Ferruccio Lamborghini had in fact intended to buy a Ferrari as a customer, but was turned down, so he started his own company. The first car made by Lamborghini was the 1964 350 GT. Lamborghini is currently owned by Audi with Stephen Winkelmann serving as the present-day CEO.

Comparing Sales

In 2010, Ferrari sold more than 6,500 of their cars while Lamborghini sold 1,302 of theirs. The net revenue of Ferrari is significantly higher than Lamborghini. Ferrari revenue for 2010 was $2.7 billion to Lamborghini’s $382 million. The United States is one of the largest markets for both companies, while Ferrari is more popular in Italy and Lamborghini is popular in China. The fastest Ferrari is the Enzo, which can go up to 217 miles an hour and reach 0-60 in 3.4 seconds.

Models that are currently available from Ferrari include the FF, California and the 599GTB. The best-selling Ferrari model is the 360, with over 17,000 models sold from 1999 to 2004. The most expensive Ferrari was the 1957 250 Testa Rossa, only 22 of them were built and it cost more than $12,400,000. Celebrity Cristiano Ronaldo crashed a Ferrari 599 GTB. The fastest Lamborghini is the Aventador LP700-4, which can reach 0-60 in 2.9 seconds and go up to 217 miles per hour.

New models being sold by Lamborghini include the Gallardo LP560-4, Spyder and coming soon, the Aventador. The most popular Lamborghini model is the Gallardo sold from 2004 to present day, with more than 10,000 models sold. The most expensive Lamborghini model was the 2007 Reventon which cost more than $1,600,000 and only 20 of them were made. Celebrity Russell Brand crashed a Lamborghini Gallardo Superleggeza.

Insurance

When it comes to insuring one of these car, as JP Morgan once said, “If you have to ask, you can’t afford it.”

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