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When Did Fiat Buy Ferrari. Fiat didn't buy a stake in ferrari until early 1969, well after ford's first le mans win. In the 1990s, fiat acquired maserati and sold off 50% of its shares to ferrari.
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In july 1997, fiat sold 50% of its stake in maserati to ferrari and by 1999, they took over complete control over the italian luxury brand.as a result, maserati which used to be a competitor became a sort of a luxury division of the prancing horse. As of the announcement fca owned 90% of ferrari. Partner chrysler group, and its stock in milan rose 69 percent between when the ferrari spinoff was announced.
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For a sum of of $13 billion after buying out private shareholders and exor n.v. It's true that an angry henry ford ii sought revenge by directing his company's finances toward putting together a racing team and building a sports car that could beat ferrari, specifically at the most prestigious car race in the world, the 24 hours of le mans. In addition fiat increased its stake to 90% with the remaining 10% staying in the hands of enzo’s son, piero ferrari. Fiat “demerged” ferarri and sold off their remaining 80% share on january 1st and 2nd, 2016.
