Jan 16, 2017 08:40 AM EST
The History of Ferrari: Celebrating 70 Years of Prestige and High Performance in Cars

The Ferrari car is named after its originator Enzo Ferrari, the Italian car racing driver and entrepreneur who had a passion for car racing. He founded the Scuderia Ferrari racing team in Modena, Italy with the sole purpose of competing in car racing.

The Telegraph reports that in 1929, Ferrari bought Alfa Romeo racing cars which he primed and entered in car races. He sold the cars to wealthy customers to finance his racing team.

In 1933, when Alfa Romeo withdrew its own racing team, Scuderia Ferrari took over as the company's work team. Ferrari received the latest Alfa Romeo's Grand Prix racing cars and entered them in car races.   

When Alfa Romeo re-established its in-house team in 1935, Enzo Ferrari was hired as the manager of the team Alfa Corse and the Scuderia Ferrari was dissolved. Soon after, Ferrari left Alfa Romeo to form his own company that manufactures aircraft parts. He built cars but former employer Alfa Romeo legally forbade him to use the Ferrari name for four years since the name had become a symbol of prestige and high performance in cars.  

Such is the tradition of the Ferrari which holds true until the present, after 70 years of Ferrari cars. A celebration will be held on February 23- 26, 2017 at London Classic Car Show, where an extraordinary array of the famed Ferrari road cars will be displayed.    

Although Ferrari built racing cars earlier, the first official Ferrari car was the 125 S sports racer built in 1947. The car was produced in two models and powered by a 1.5-liter V12 engine.

The first Ferrari cars were practically racing cars built in small numbers and sold to finance Ferrari's Formula one racing team. In 1954, Ferrari started producing the 250 Europa GT, a 3.0-Liter V12 powered car. The variations of 250Lusso, 250 California Spyder, 275 GTS, and 275 GTB followed.

In 1969 Fiat took over management of the company as majority holder that the new era of V8's began from the F40 series until the present Ferrari 488GTB. Ferrari's seventy years of existence is really worth celebrating.  

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