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Tuesday, April 20, 2010
Tuesday, September 1, 2009
H1N1
For information on ways to decrease one's chances of contracting H1N1, see influenza prevention.
For the H1N1/09 virus strain responsible for the 2009 flu pandemic, see Pandemic H1N1/09 virus.
For the current pandemic of Influenza A(H1N1), see 2009 flu pandemic.
For the 1918 pandemic of Influenza A(H1N1), see 1918 flu pandemic.
Influenza (flu)
2009 flu pandemic (Swine flu)
Virus
Avian influenza
Swine influenza
Flu season
Research
Vaccine
Treatment
A/H5N1 subtype
A/H1N1 subtype
Pandemic
Influenza A(H1N1) virus is a subtype of influenzavirus A and the most common cause of influenza (flu) in humans. Some strains of H1N1 are endemic in humans and cause a small fraction of all influenza-like illness and a large fraction of all seasonal influenza. H1N1 strains caused roughly half of all human flu infections in 2006.[1] Other strains of H1N1 are endemic in pigs (swine influenza) and in birds (avian influenza).
In June 2009, World Health Organization declared that flu due to a new strain of swine-origin H1N1 was responsible for the 2009 flu pandemic. This strain is often called "swine flu" by the public media.
For the H1N1/09 virus strain responsible for the 2009 flu pandemic, see Pandemic H1N1/09 virus.
For the current pandemic of Influenza A(H1N1), see 2009 flu pandemic.
For the 1918 pandemic of Influenza A(H1N1), see 1918 flu pandemic.
Influenza (flu)
2009 flu pandemic (Swine flu)
Virus
Avian influenza
Swine influenza
Flu season
Research
Vaccine
Treatment
A/H5N1 subtype
A/H1N1 subtype
Pandemic
Influenza A(H1N1) virus is a subtype of influenzavirus A and the most common cause of influenza (flu) in humans. Some strains of H1N1 are endemic in humans and cause a small fraction of all influenza-like illness and a large fraction of all seasonal influenza. H1N1 strains caused roughly half of all human flu infections in 2006.[1] Other strains of H1N1 are endemic in pigs (swine influenza) and in birds (avian influenza).
In June 2009, World Health Organization declared that flu due to a new strain of swine-origin H1N1 was responsible for the 2009 flu pandemic. This strain is often called "swine flu" by the public media.
Sunday, July 19, 2009
FERRARI
Company structure
Ferrari was founded as an independent company by Enzo Ferrari. During the 1960s, the company was in financial difficulty, and Mr Ferrari announced his intention to sell the company to ensure continued financial backing. Interest from the Ford Motor Company was rejected in favour of an offer from the Fiat Group, which took control of the company's sports car division in 1969. Enzo Ferrari retained control of the racing division until his death in 1988 at the age of 90.
In 2007 the Financial Times put Ferrari at the top of its list of 100 Best Workplaces in Europe.
History
Main article: History of Ferrari
Enzo Ferrari never intended to produce road cars when he had formed Scuderia Ferrari (literally "Ferrari Stable", and usually used to mean "Team Ferrari", it is correctly pronounced "skoo deh REE ah") in 1929 as a sponsor for amateur drivers headquartered in Modena. Ferrari prepared and successfully raced various drivers in Alfa Romeo cars until 1938, when he was hired by Alfa Romeo to head their motor racing department.
In 1941, Alfa Romeo was confiscated by the Fascist government of Benito Mussolini as part of the Axis Powers' war effort. Enzo Ferrari's division was small enough to be unaffected by this. Because he was prohibited by contract from racing for four years, the Scuderia briefly became Auto Avio Costruzioni Ferrari, which ostensibly produced machine tools and aircraft accessories. Also known as SEFAC (Scuderia Enzo Ferrari Auto Corse), Ferrari did in fact produce one race car, the Tipo 815, in the non-competition period. It was the first actual Ferrari car (it debuted at the 1940 Mille Miglia), but due to World War II it saw little competition. In 1943 the Ferrari factory moved to Maranello, where it has remained ever since. The factory was bombed by the Allies in 1944 and rebuilt in 1946, after the war ended, and included a works for road car production. Until Il Commendatore's death, this would remain little more than a source of funding for his first love, racing.
166MM Barchetta 212/225.
The first Ferrari road car was the 1947 125 S, powered by a 1.5 L V12 engine; Enzo Ferrari reluctantly built and sold his automobiles to fund Scuderia Ferrari.[citation needed] While his beautiful and fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers.[citation needed]
In 1988, Enzo Ferrari oversaw the launch of the Ferrari F40, the last new Ferrari to be launched before his death later that year, and arguably one of the most famous supercars ever made.
On May 17, 2009 in Maranello, Italy, a 1957 250 Testa Rossa (TR) was auctioned, by RM Auctions and Sotheby's, for $12.1 Million - a world record for the most expensive car ever sold at an auction. [3]
Motorsport
For a complete list of Ferrari racing cars, see List of Ferrari competition cars.
Ferrari 312T2 Formula One car
Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of categories including Formula One and Sports car racing through its Scuderia Ferrari sporting division as well as supplying cars and engines to other teams.
The 1940 AAC 815 was the first racing car to be designed by Enzo Ferrari, although it was not badged as a Ferrari model. Currently, the Ferrari works team only compete in Formula One, and is the only team to have competed in the World Championship since its inception in 1950.
Sports car racing
A 312PB during the team's final year in the World Sportscar Championship.
In 1949, Luigi Chinetti drove a 166M to Ferrari's first win in motorsports, the 24 Hours of Le Mans. Ferrari went on to dominate the early years of the World Sportscar Championship which was created in 1953, winning the Manufacturers Championship seven out of its first nine years.
When the championship changed formats in 1962, Ferrari earned championships in at least one class until 1966, then again in 1968. Ferrari would win one final championship in 1972 before Enzo decided to leave sports car racing and concentrate Scuderia Ferrari solely on Formula One.
During Ferrari's seasons of the World Sportscar Championship, they also gained more wins at the 24 Hours of Le Mans, with the factory team earning their first in 1954. Another win would come in 1958, followed by five consecutive wins from 1960 to 1964. Luigi Chinetti's North American Racing Team (NART) would take Ferrari's final victory at Le Mans in 1965.
Although Scuderia Ferrari no longer participated in sports cars after 1973, they have occasionally built various successful sports cars for privateers. These include the 512BB/LM in the 1970s, the 333 SP which won the IMSA GT Championship in the 1990s, and currently the F430 GT2 and GT3 which are currently winning championships in their respective classes.
Formula One
Main article: Scuderia Ferrari
Scuderia Ferrari won its most recent Formula One driver's title in 2007, with Kimi Räikkönen.
Scuderia Ferrari joined the Formula One World Championship in the first year of its existence,in 1950. José Froilán González gave the team its first victory at the 1951 British Grand Prix.
Alberto Ascari gave Ferrari its first Drivers Championship a year later. Ferrari is the oldest team left in the championship, not to mention the most successful: the team holds nearly every Formula One record. As of 2008[update], the team's records include 15 World Drivers Championship titles (1952, 1953, 1956, 1958, 1961, 1964, 1975, 1977, 1979, 2000, 2001, 2002, 2003, 2004 and 2007) 16 World Constructors Championship titles 1961, 1964, 1975, 1976, 1977, 1979, 1982, 1983, 1999, 2000, 2001, 2002, 2003, 2004, 2007 and 2008, 209 Grand Prix victories, 4925.27 points, 622 podium finishes, 203 pole positions, and 218 fastest laps in 776 Grands Prix contested.
Notable Ferrari drivers include Tazio Nuvolari, José Froilán González, Juan Manuel Fangio, Luigi Chinetti, Alberto Ascari, Wolfgang von Trips, Phil Hill, Olivier Gendebien, Mike Hawthorn, Peter Collins, Giancarlo Baghetti, John Surtees, Lorenzo Bandini, Ludovico Scarfiotti, Jacky Ickx, Mario Andretti, Clay Regazzoni, Niki Lauda, Carlos Reutemann, Jody Scheckter, Gilles Villeneuve, Didier Pironi, Patrick Tambay,René Arnoux,Michele Alboreto, Gerhard Berger, Nigel Mansell, Alain Prost, Jean Alesi, Eddie Irvine, Rubens Barrichello, Michael Schumacher, Kimi Räikkönen and Felipe Massa.
The Scuderia Ferrari drivers for the 2006 F1 season were Michael Schumacher and Felipe Massa. At the end of the 2006 season the team courted controversy by continuing to allow Marlboro to sponsor them after they, along with the other F1 teams, made a promise to end sponsorship deals with tobacco manufacturers. A five year deal was agreed and although this is not due to end until 2011, in April 2008 Marlboro dropped their on-car branding on Ferrari.
The drivers competing for 2008 were Felipe Massa and defending champion Kimi Räikkönen (both retained from 2007). Massa finished the season as runner-up to McLaren's Lewis Hamilton by one point, with Räikkönen third. Massa and Räikkönen have again been signed by Ferrari for the 2009 season to compete in the new Ferrari F60.
Other motorsports
Ferrari supply cars complete with V8 engines for the A1 Grand Prix series, from the 2008-09 season.[4] The car was designed by Rory Byrne and is styled to resemble the 2004 Ferrari Formula one car.
The 599 GTB Fiorano and F430 GT are used in GT racing series. The Ferrari Challenge is a one make racing series for the Ferrari F430. Ferrari's latest supercar, the 2006 FXX is not road legal, and is therefore only used for track events.
Road cars
For a complete list, including future and concept car models, see List of Ferrari road cars.
Ferrari 166 Inter Coupe Touring
Ferrari's first vehicle was the 125S sports/racing model. In 1949, the Ferrari 166 Inter, the company's first move into the grand touring market, which continues to make up the bulk of Ferrari sales to the present day.
Several early cars featured bodywork customised by a number of coachbuilders such as Pininfarina, Zagato and Bertone.
The Dino was the first mid-engined Ferrari. This layout would go on to be used in most Ferraris of the 1980s and 1990s. V6 and V8 Ferrari models make up well over half of the marque's total production.
For a time, Ferrari built 2+2 versions of its mid-engined V8 cars. Although they looked quite different from their 2-seat counterparts, both the GT4 and Mondial were closely related to the 308 GTB.
The company has also produced front-engined 2+2 cars, culminating in the current 612 Scaglietti and upcoming California.
Ferrari entered the mid-engined 12-cylinder fray with the Berlinetta Boxer in 1973. The later Testarossa remains one of the most famous Ferraris.
Supercars
Enzo Ferrari
The company's loftiest efforts have been in the supercar market. The 1962 250 GTO may be considered the first in the line of Ferrari supercars, which extends to the recent Enzo Ferrari and FXX models.
Concept cars and specials
Ferrari P4/5
Ferrari has produced a number of concept cars, such as the Ferrari Mythos. While some of these were quite radical (such as the Ferrari Modulo and never intended for production, others such as the Ferrari Mythos have shown styling elements which were later incopoprated into production models.
The most recent concept car to be produced by Ferrari themselves was the 2005 Ferrari Ascari.
A number of one-off special versions of Ferrari road cars have also been produced, some of which have been commissioned by wealthy owners.
Naming conventions
Until the early 1980s, Ferrari followed a three-number naming scheme based on engine displacement:
V6 and V8 models used the total displacement (in decilitres) for the first two digits and the number of cylinders as the third. Thus, the 206 was a 2.0 L V6 powered vehicle, while the 348 used a 3.4 L V8, although, for the F355, the last digit refers to 5 valves per cylinder. Upon introduction of the 360 Modena, the digits for V8 models (which now carried a name as well as a number) refer only to total engine displacement. The numerical indication aspect of this name has carried on to the current V8 model, the F430.
V12 models used the displacement (in cubic centimetres) of one cylinder. Therefore, the famed 365 Daytona had a 4390 cc V12. However, some newer V12-engined Ferraris, such as the 599, have three-number designations that refer only to total engine displacement.
Flat 12 (boxer) models used the displacement in litres. Therefore, the 512BB was five litre flat 12 (a Berlinetta Boxer, in this case). However, the original Berlinetta Boxer was the 365 GT4 BB, which was named in a similar manner to the V12 models.
Some models, such as the 1980 Mondial and the 1984 Testarossa did not follow a three-number naming scheme.
612 Scaglietti Sessanta Edition
Most Ferraris were also given designations referring to their body style. In general, the following conventions were used:
M ("Modificata"), placed at the end of a model's number, denotes a modified version of its predecessor and not a complete evolution (see F512M and 575M Maranello).
GTB ("Gran Turismo Berlinetta") models are closed Berlinettas, or coupes.
GTS ("Gran Turismo Spyder") in older models, are open Spyders (spelt "y"), or convertibles (see 365GTS4); however, in more recent models, this suffix is used for targa top models (see Dino 246GTS, and F355 GTS; the exception being the 348 TS, which is the only targa named differently). The convertible models now use the suffix "Spider" (spelt "i") (see F355 Spider, and 360 Spider).
This naming system can be confusing, as some entirely different vehicles used the same engine type and body style. Many Ferraris also had other names affixed (like Daytona) to identify them further. Many such names are actually not official factory names. The Daytona name commemorates Ferrari's triple success in the February 1967 24 Hours of Daytona with the 330P4[5]. Only in the 1973 Daytona 24 Hours, a 365 GTB4 model run by NART, who raced Ferrari's in America) ran second, behind a Porsche 911[6].
The various Dino models were named for Enzo's son, Dino Ferrari, and were marketed as Dinos by Ferrari and sold at Ferrari dealers—for all intents and purposes they are Ferraris.
In the mid 1990s, Ferrari added the letter "F" to the beginning of all models (a practice abandoned after the F512M and F355, but adopted again with the F430).
The "Cavallino Rampante" Prancing Horse Logo
Count Francesco Baracca
The famous symbol of the Ferrari race team is a black prancing stallion on a yellow shield, usually with the letters S F (for Scuderia Ferrari), with three stripes of green, white and red (the Italian national colors) at the top. The road cars have a rectangular badge on the hood (see picture above), and, optionally, the shield-shaped race logo on the sides of both front wings, close to the door.
On June 17, 1923, Enzo Ferrari won a race at the Savio track in Ravenna where he met the Countess Paolina, mother of Count Francesco Baracca, an ace of the Italian air force and national hero of World War I, who used to paint a horse on the side of his planes. The Countess asked Enzo to use this horse on his cars, suggesting that it would bring him good luck. The original "prancing horse" on Baracca's airplane was painted in red on a white cloud-like shape, but Ferrari chose to have the horse in black (as it had been painted as a sign of grief on Baracca's squadron planes after the pilot was killed in action) and he added a canary yellow background as this is the color of the city of Modena, his birthplace. The Ferrari horse was, from the very beginning, markedly different from the Baracca horse in most details, the most noticeable being the tail that in the original Baracca version was pointing downward.
Ferrari has used the cavallino rampante on official company stationery since 1929. Since the Spa 24 Hours of July 9, 1932, the cavallino rampante has been used on Alfa Romeos raced by Scuderia Ferrari.
Stuttgart
Austrian Fuel Stations
The motif of a prancing horse is old, it can be found on ancient coins. A similar black horse on a yellow shield is the Coat of Arms of the German city of Stuttgart, home of Mercedes-Benz and the design bureau of Porsche, both being main competitors of Alfa and Ferrari in the 1930s. The city's name derives from Stutengarten, an ancient form of the German word Gestüt, which translates into English as stud farm and into Italian as scuderia. Porsche also includes the Stuttgart sign in its corporate logo, centred in the emblem of the state of Württemberg. Stuttgart's Rössle has both rear legs firmly planted on the soil, like Baracca's horse, but unlike Ferrari's cavallino.
Fabio Taglioni used the cavallino rampante on his Ducati motorbikes, as Taglioni was born at Lugo di Romagna like Baracca, and his father too was a military pilot during WWI (although not part of Baracca's squadron, as is sometimes mistakenly reported). As Ferrari's fame grew, Ducati abandoned the horse- perhaps the result of a private agreement between the two companies.
The cavallino rampante is now a trademark of Ferrari. Cavallino Magazine uses the name, but not the logo. However, other companies use similar logos: Avanti, an Austrian company operating over 100 filling stations, uses a prancing horse logo which is nearly identical to Ferrari's, as does Iron Horse Bicycles. Many pay homage to the Ferrari logo, e.g. the Jamiroquai album Travelling Without Moving.
Racing Red - Rosso Corsa
Main article: Rosso corsa
Since the 1920s, Italian race cars of Alfa Romeo, Maserati and later Ferrari and Abarth were (and often still are) painted in "race red" (Rosso Corsa). This was the customary national racing color of Italy, as recommended between the World Wars by the organizations that later would become the FIA. It refers to the nationality of the competing team, not that of the car manufacturer or driver. In that scheme, French-entered cars like Bugatti were blue, German like Benz and Mercedes white (since 1934 also bare sheet metal silver), and British green such as the mid 1960s Lotus and BRM, for instance.
Curiously, Ferrari won the 1964 World championship with John Surtees by competing the last two races in North America with cars painted in the US-American race colors white and blue, as these were not entered by the Italian factory themselves, but by the U.S.-based North American Racing Team (NART) team. This was done as a protest concerning arguments between Ferrari and the Italian Racing Authorities regarding the homologation of a new mid-engined Ferrari race car.
Merchandising and exhibiton
Ferrari also has an internally managed merchandising line that licenses many products bearing the Ferrari brand, including eyewear, pens, pencils, electronic goods, perfume, clothing, high-tech bicycles, watches, cell phones, and even laptop computers.
Ferrari also run a museum, the Galleria Ferrari in Maranello, which displays road and race cars and other items from the company's history.
Ferrari was founded as an independent company by Enzo Ferrari. During the 1960s, the company was in financial difficulty, and Mr Ferrari announced his intention to sell the company to ensure continued financial backing. Interest from the Ford Motor Company was rejected in favour of an offer from the Fiat Group, which took control of the company's sports car division in 1969. Enzo Ferrari retained control of the racing division until his death in 1988 at the age of 90.
In 2007 the Financial Times put Ferrari at the top of its list of 100 Best Workplaces in Europe.
History
Main article: History of Ferrari
Enzo Ferrari never intended to produce road cars when he had formed Scuderia Ferrari (literally "Ferrari Stable", and usually used to mean "Team Ferrari", it is correctly pronounced "skoo deh REE ah") in 1929 as a sponsor for amateur drivers headquartered in Modena. Ferrari prepared and successfully raced various drivers in Alfa Romeo cars until 1938, when he was hired by Alfa Romeo to head their motor racing department.
In 1941, Alfa Romeo was confiscated by the Fascist government of Benito Mussolini as part of the Axis Powers' war effort. Enzo Ferrari's division was small enough to be unaffected by this. Because he was prohibited by contract from racing for four years, the Scuderia briefly became Auto Avio Costruzioni Ferrari, which ostensibly produced machine tools and aircraft accessories. Also known as SEFAC (Scuderia Enzo Ferrari Auto Corse), Ferrari did in fact produce one race car, the Tipo 815, in the non-competition period. It was the first actual Ferrari car (it debuted at the 1940 Mille Miglia), but due to World War II it saw little competition. In 1943 the Ferrari factory moved to Maranello, where it has remained ever since. The factory was bombed by the Allies in 1944 and rebuilt in 1946, after the war ended, and included a works for road car production. Until Il Commendatore's death, this would remain little more than a source of funding for his first love, racing.
166MM Barchetta 212/225.
The first Ferrari road car was the 1947 125 S, powered by a 1.5 L V12 engine; Enzo Ferrari reluctantly built and sold his automobiles to fund Scuderia Ferrari.[citation needed] While his beautiful and fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers.[citation needed]
In 1988, Enzo Ferrari oversaw the launch of the Ferrari F40, the last new Ferrari to be launched before his death later that year, and arguably one of the most famous supercars ever made.
On May 17, 2009 in Maranello, Italy, a 1957 250 Testa Rossa (TR) was auctioned, by RM Auctions and Sotheby's, for $12.1 Million - a world record for the most expensive car ever sold at an auction. [3]
Motorsport
For a complete list of Ferrari racing cars, see List of Ferrari competition cars.
Ferrari 312T2 Formula One car
Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of categories including Formula One and Sports car racing through its Scuderia Ferrari sporting division as well as supplying cars and engines to other teams.
The 1940 AAC 815 was the first racing car to be designed by Enzo Ferrari, although it was not badged as a Ferrari model. Currently, the Ferrari works team only compete in Formula One, and is the only team to have competed in the World Championship since its inception in 1950.
Sports car racing
A 312PB during the team's final year in the World Sportscar Championship.
In 1949, Luigi Chinetti drove a 166M to Ferrari's first win in motorsports, the 24 Hours of Le Mans. Ferrari went on to dominate the early years of the World Sportscar Championship which was created in 1953, winning the Manufacturers Championship seven out of its first nine years.
When the championship changed formats in 1962, Ferrari earned championships in at least one class until 1966, then again in 1968. Ferrari would win one final championship in 1972 before Enzo decided to leave sports car racing and concentrate Scuderia Ferrari solely on Formula One.
During Ferrari's seasons of the World Sportscar Championship, they also gained more wins at the 24 Hours of Le Mans, with the factory team earning their first in 1954. Another win would come in 1958, followed by five consecutive wins from 1960 to 1964. Luigi Chinetti's North American Racing Team (NART) would take Ferrari's final victory at Le Mans in 1965.
Although Scuderia Ferrari no longer participated in sports cars after 1973, they have occasionally built various successful sports cars for privateers. These include the 512BB/LM in the 1970s, the 333 SP which won the IMSA GT Championship in the 1990s, and currently the F430 GT2 and GT3 which are currently winning championships in their respective classes.
Formula One
Main article: Scuderia Ferrari
Scuderia Ferrari won its most recent Formula One driver's title in 2007, with Kimi Räikkönen.
Scuderia Ferrari joined the Formula One World Championship in the first year of its existence,in 1950. José Froilán González gave the team its first victory at the 1951 British Grand Prix.
Alberto Ascari gave Ferrari its first Drivers Championship a year later. Ferrari is the oldest team left in the championship, not to mention the most successful: the team holds nearly every Formula One record. As of 2008[update], the team's records include 15 World Drivers Championship titles (1952, 1953, 1956, 1958, 1961, 1964, 1975, 1977, 1979, 2000, 2001, 2002, 2003, 2004 and 2007) 16 World Constructors Championship titles 1961, 1964, 1975, 1976, 1977, 1979, 1982, 1983, 1999, 2000, 2001, 2002, 2003, 2004, 2007 and 2008, 209 Grand Prix victories, 4925.27 points, 622 podium finishes, 203 pole positions, and 218 fastest laps in 776 Grands Prix contested.
Notable Ferrari drivers include Tazio Nuvolari, José Froilán González, Juan Manuel Fangio, Luigi Chinetti, Alberto Ascari, Wolfgang von Trips, Phil Hill, Olivier Gendebien, Mike Hawthorn, Peter Collins, Giancarlo Baghetti, John Surtees, Lorenzo Bandini, Ludovico Scarfiotti, Jacky Ickx, Mario Andretti, Clay Regazzoni, Niki Lauda, Carlos Reutemann, Jody Scheckter, Gilles Villeneuve, Didier Pironi, Patrick Tambay,René Arnoux,Michele Alboreto, Gerhard Berger, Nigel Mansell, Alain Prost, Jean Alesi, Eddie Irvine, Rubens Barrichello, Michael Schumacher, Kimi Räikkönen and Felipe Massa.
The Scuderia Ferrari drivers for the 2006 F1 season were Michael Schumacher and Felipe Massa. At the end of the 2006 season the team courted controversy by continuing to allow Marlboro to sponsor them after they, along with the other F1 teams, made a promise to end sponsorship deals with tobacco manufacturers. A five year deal was agreed and although this is not due to end until 2011, in April 2008 Marlboro dropped their on-car branding on Ferrari.
The drivers competing for 2008 were Felipe Massa and defending champion Kimi Räikkönen (both retained from 2007). Massa finished the season as runner-up to McLaren's Lewis Hamilton by one point, with Räikkönen third. Massa and Räikkönen have again been signed by Ferrari for the 2009 season to compete in the new Ferrari F60.
Other motorsports
Ferrari supply cars complete with V8 engines for the A1 Grand Prix series, from the 2008-09 season.[4] The car was designed by Rory Byrne and is styled to resemble the 2004 Ferrari Formula one car.
The 599 GTB Fiorano and F430 GT are used in GT racing series. The Ferrari Challenge is a one make racing series for the Ferrari F430. Ferrari's latest supercar, the 2006 FXX is not road legal, and is therefore only used for track events.
Road cars
For a complete list, including future and concept car models, see List of Ferrari road cars.
Ferrari 166 Inter Coupe Touring
Ferrari's first vehicle was the 125S sports/racing model. In 1949, the Ferrari 166 Inter, the company's first move into the grand touring market, which continues to make up the bulk of Ferrari sales to the present day.
Several early cars featured bodywork customised by a number of coachbuilders such as Pininfarina, Zagato and Bertone.
The Dino was the first mid-engined Ferrari. This layout would go on to be used in most Ferraris of the 1980s and 1990s. V6 and V8 Ferrari models make up well over half of the marque's total production.
For a time, Ferrari built 2+2 versions of its mid-engined V8 cars. Although they looked quite different from their 2-seat counterparts, both the GT4 and Mondial were closely related to the 308 GTB.
The company has also produced front-engined 2+2 cars, culminating in the current 612 Scaglietti and upcoming California.
Ferrari entered the mid-engined 12-cylinder fray with the Berlinetta Boxer in 1973. The later Testarossa remains one of the most famous Ferraris.
Supercars
Enzo Ferrari
The company's loftiest efforts have been in the supercar market. The 1962 250 GTO may be considered the first in the line of Ferrari supercars, which extends to the recent Enzo Ferrari and FXX models.
Concept cars and specials
Ferrari P4/5
Ferrari has produced a number of concept cars, such as the Ferrari Mythos. While some of these were quite radical (such as the Ferrari Modulo and never intended for production, others such as the Ferrari Mythos have shown styling elements which were later incopoprated into production models.
The most recent concept car to be produced by Ferrari themselves was the 2005 Ferrari Ascari.
A number of one-off special versions of Ferrari road cars have also been produced, some of which have been commissioned by wealthy owners.
Naming conventions
Until the early 1980s, Ferrari followed a three-number naming scheme based on engine displacement:
V6 and V8 models used the total displacement (in decilitres) for the first two digits and the number of cylinders as the third. Thus, the 206 was a 2.0 L V6 powered vehicle, while the 348 used a 3.4 L V8, although, for the F355, the last digit refers to 5 valves per cylinder. Upon introduction of the 360 Modena, the digits for V8 models (which now carried a name as well as a number) refer only to total engine displacement. The numerical indication aspect of this name has carried on to the current V8 model, the F430.
V12 models used the displacement (in cubic centimetres) of one cylinder. Therefore, the famed 365 Daytona had a 4390 cc V12. However, some newer V12-engined Ferraris, such as the 599, have three-number designations that refer only to total engine displacement.
Flat 12 (boxer) models used the displacement in litres. Therefore, the 512BB was five litre flat 12 (a Berlinetta Boxer, in this case). However, the original Berlinetta Boxer was the 365 GT4 BB, which was named in a similar manner to the V12 models.
Some models, such as the 1980 Mondial and the 1984 Testarossa did not follow a three-number naming scheme.
612 Scaglietti Sessanta Edition
Most Ferraris were also given designations referring to their body style. In general, the following conventions were used:
M ("Modificata"), placed at the end of a model's number, denotes a modified version of its predecessor and not a complete evolution (see F512M and 575M Maranello).
GTB ("Gran Turismo Berlinetta") models are closed Berlinettas, or coupes.
GTS ("Gran Turismo Spyder") in older models, are open Spyders (spelt "y"), or convertibles (see 365GTS4); however, in more recent models, this suffix is used for targa top models (see Dino 246GTS, and F355 GTS; the exception being the 348 TS, which is the only targa named differently). The convertible models now use the suffix "Spider" (spelt "i") (see F355 Spider, and 360 Spider).
This naming system can be confusing, as some entirely different vehicles used the same engine type and body style. Many Ferraris also had other names affixed (like Daytona) to identify them further. Many such names are actually not official factory names. The Daytona name commemorates Ferrari's triple success in the February 1967 24 Hours of Daytona with the 330P4[5]. Only in the 1973 Daytona 24 Hours, a 365 GTB4 model run by NART, who raced Ferrari's in America) ran second, behind a Porsche 911[6].
The various Dino models were named for Enzo's son, Dino Ferrari, and were marketed as Dinos by Ferrari and sold at Ferrari dealers—for all intents and purposes they are Ferraris.
In the mid 1990s, Ferrari added the letter "F" to the beginning of all models (a practice abandoned after the F512M and F355, but adopted again with the F430).
The "Cavallino Rampante" Prancing Horse Logo
Count Francesco Baracca
The famous symbol of the Ferrari race team is a black prancing stallion on a yellow shield, usually with the letters S F (for Scuderia Ferrari), with three stripes of green, white and red (the Italian national colors) at the top. The road cars have a rectangular badge on the hood (see picture above), and, optionally, the shield-shaped race logo on the sides of both front wings, close to the door.
On June 17, 1923, Enzo Ferrari won a race at the Savio track in Ravenna where he met the Countess Paolina, mother of Count Francesco Baracca, an ace of the Italian air force and national hero of World War I, who used to paint a horse on the side of his planes. The Countess asked Enzo to use this horse on his cars, suggesting that it would bring him good luck. The original "prancing horse" on Baracca's airplane was painted in red on a white cloud-like shape, but Ferrari chose to have the horse in black (as it had been painted as a sign of grief on Baracca's squadron planes after the pilot was killed in action) and he added a canary yellow background as this is the color of the city of Modena, his birthplace. The Ferrari horse was, from the very beginning, markedly different from the Baracca horse in most details, the most noticeable being the tail that in the original Baracca version was pointing downward.
Ferrari has used the cavallino rampante on official company stationery since 1929. Since the Spa 24 Hours of July 9, 1932, the cavallino rampante has been used on Alfa Romeos raced by Scuderia Ferrari.
Stuttgart
Austrian Fuel Stations
The motif of a prancing horse is old, it can be found on ancient coins. A similar black horse on a yellow shield is the Coat of Arms of the German city of Stuttgart, home of Mercedes-Benz and the design bureau of Porsche, both being main competitors of Alfa and Ferrari in the 1930s. The city's name derives from Stutengarten, an ancient form of the German word Gestüt, which translates into English as stud farm and into Italian as scuderia. Porsche also includes the Stuttgart sign in its corporate logo, centred in the emblem of the state of Württemberg. Stuttgart's Rössle has both rear legs firmly planted on the soil, like Baracca's horse, but unlike Ferrari's cavallino.
Fabio Taglioni used the cavallino rampante on his Ducati motorbikes, as Taglioni was born at Lugo di Romagna like Baracca, and his father too was a military pilot during WWI (although not part of Baracca's squadron, as is sometimes mistakenly reported). As Ferrari's fame grew, Ducati abandoned the horse- perhaps the result of a private agreement between the two companies.
The cavallino rampante is now a trademark of Ferrari. Cavallino Magazine uses the name, but not the logo. However, other companies use similar logos: Avanti, an Austrian company operating over 100 filling stations, uses a prancing horse logo which is nearly identical to Ferrari's, as does Iron Horse Bicycles. Many pay homage to the Ferrari logo, e.g. the Jamiroquai album Travelling Without Moving.
Racing Red - Rosso Corsa
Main article: Rosso corsa
Since the 1920s, Italian race cars of Alfa Romeo, Maserati and later Ferrari and Abarth were (and often still are) painted in "race red" (Rosso Corsa). This was the customary national racing color of Italy, as recommended between the World Wars by the organizations that later would become the FIA. It refers to the nationality of the competing team, not that of the car manufacturer or driver. In that scheme, French-entered cars like Bugatti were blue, German like Benz and Mercedes white (since 1934 also bare sheet metal silver), and British green such as the mid 1960s Lotus and BRM, for instance.
Curiously, Ferrari won the 1964 World championship with John Surtees by competing the last two races in North America with cars painted in the US-American race colors white and blue, as these were not entered by the Italian factory themselves, but by the U.S.-based North American Racing Team (NART) team. This was done as a protest concerning arguments between Ferrari and the Italian Racing Authorities regarding the homologation of a new mid-engined Ferrari race car.
Merchandising and exhibiton
Ferrari also has an internally managed merchandising line that licenses many products bearing the Ferrari brand, including eyewear, pens, pencils, electronic goods, perfume, clothing, high-tech bicycles, watches, cell phones, and even laptop computers.
Ferrari also run a museum, the Galleria Ferrari in Maranello, which displays road and race cars and other items from the company's history.
Monday, July 13, 2009
forex
The foreign exchange market (currency, forex, or FX) is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies. [1]FX transactions typically involve one party purchasing a quantity of one currency in exchange for paying a quantity of another. The foreign exchange market that we see today started evolving during the 1970s when worldover countries gradually switched to floating exchange rate from their erstwhile exchange rate regime, which remained fixed as per the Bretton Woods system until 1971.
Presently, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]
The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as the US Dollars, Euro, Japanese yen, Pound Sterling, etc..., and the need for trading in such currencies.
Company structure
Ferrari was founded as an independent company by Enzo Ferrari. During the 1960s, the company was in financial difficulty, and Mr Ferrari announced his intention to sell the company to ensure continued financial backing. Interest from the Ford Motor Company was rejected in favour of an offer from the Fiat Group, which took control of the company's sports car division in 1969. Enzo Ferrari retained control of the racing division until his death in 1988 at the age of 90.
In 2007 the Financial Times put Ferrari at the top of its list of 100 Best Workplaces in Europe.
History
Main article: History of Ferrari
Enzo Ferrari never intended to produce road cars when he had formed Scuderia Ferrari (literally "Ferrari Stable", and usually used to mean "Team Ferrari", it is correctly pronounced "skoo deh REE ah") in 1929 as a sponsor for amateur drivers headquartered in Modena. Ferrari prepared and successfully raced various drivers in Alfa Romeo cars until 1938, when he was hired by Alfa Romeo to head their motor racing department.
In 1941, Alfa Romeo was confiscated by the Fascist government of Benito Mussolini as part of the Axis Powers' war effort. Enzo Ferrari's division was small enough to be unaffected by this. Because he was prohibited by contract from racing for four years, the Scuderia briefly became Auto Avio Costruzioni Ferrari, which ostensibly produced machine tools and aircraft accessories. Also known as SEFAC (Scuderia Enzo Ferrari Auto Corse), Ferrari did in fact produce one race car, the Tipo 815, in the non-competition period. It was the first actual Ferrari car (it debuted at the 1940 Mille Miglia), but due to World War II it saw little competition. In 1943 the Ferrari factory moved to Maranello, where it has remained ever since. The factory was bombed by the Allies in 1944 and rebuilt in 1946, after the war ended, and included a works for road car production. Until Il Commendatore's death, this would remain little more than a source of funding for his first love, racing.
166MM Barchetta 212/225.
The first Ferrari road car was the 1947 125 S, powered by a 1.5 L V12 engine; Enzo Ferrari reluctantly built and sold his automobiles to fund Scuderia Ferrari.[citation needed] While his beautiful and fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers.[citation needed]
In 1988, Enzo Ferrari oversaw the launch of the Ferrari F40, the last new Ferrari to be launched before his death later that year, and arguably one of the most famous supercars ever made.
On May 17, 2009 in Maranello, Italy, a 1957 250 Testa Rossa (TR) was auctioned, by RM Auctions and Sotheby's, for $12.1 Million - a world record for the most expensive car ever sold at an auction. [3]
Motorsport
For a complete list of Ferrari racing cars, see List of Ferrari competition cars.
Ferrari 312T2 Formula One car
Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of categories including Formula One and Sports car racing through its Scuderia Ferrari sporting division as well as supplying cars and engines to other teams.
The 1940 AAC 815 was the first racing car to be designed by Enzo Ferrari, although it was not badged as a Ferrari model. Currently, the Ferrari works team only compete in Formula One, and is the only team to have competed in the World Championship since its inception in 1950.
Sports car racing
A 312PB during the team's final year in the World Sportscar Championship.
In 1949, Luigi Chinetti drove a 166M to Ferrari's first win in motorsports, the 24 Hours of Le Mans. Ferrari went on to dominate the early years of the World Sportscar Championship which was created in 1953, winning the Manufacturers Championship seven out of its first nine years.
When the championship changed formats in 1962, Ferrari earned championships in at least one class until 1966, then again in 1968. Ferrari would win one final championship in 1972 before Enzo decided to leave sports car racing and concentrate Scuderia Ferrari solely on Formula One.
During Ferrari's seasons of the World Sportscar Championship, they also gained more wins at the 24 Hours of Le Mans, with the factory team earning their first in 1954. Another win would come in 1958, followed by five consecutive wins from 1960 to 1964. Luigi Chinetti's North American Racing Team (NART) would take Ferrari's final victory at Le Mans in 1965.
Although Scuderia Ferrari no longer participated in sports cars after 1973, they have occasionally built various successful sports cars for privateers. These include the 512BB/LM in the 1970s, the 333 SP which won the IMSA GT Championship in the 1990s, and currently the F430 GT2 and GT3 which are currently winning championships in their respective classes.
Formula One
Main article: Scuderia Ferrari
Scuderia Ferrari won its most recent Formula One driver's title in 2007, with Kimi Räikkönen.
Scuderia Ferrari joined the Formula One World Championship in the first year of its existence,in 1950. José Froilán González gave the team its first victory at the 1951 British Grand Prix.
Alberto Ascari gave Ferrari its first Drivers Championship a year later. Ferrari is the oldest team left in the championship, not to mention the most successful: the team holds nearly every Formula One record. As of 2008[update], the team's records include 15 World Drivers Championship titles (1952, 1953, 1956, 1958, 1961, 1964, 1975, 1977, 1979, 2000, 2001, 2002, 2003, 2004 and 2007) 16 World Constructors Championship titles 1961, 1964, 1975, 1976, 1977, 1979, 1982, 1983, 1999, 2000, 2001, 2002, 2003, 2004, 2007 and 2008, 209 Grand Prix victories, 4925.27 points, 622 podium finishes, 203 pole positions, and 218 fastest laps in 776 Grands Prix contested.
Notable Ferrari drivers include Tazio Nuvolari, José Froilán González, Juan Manuel Fangio, Luigi Chinetti, Alberto Ascari, Wolfgang von Trips, Phil Hill, Olivier Gendebien, Mike Hawthorn, Peter Collins, Giancarlo Baghetti, John Surtees, Lorenzo Bandini, Ludovico Scarfiotti, Jacky Ickx, Mario Andretti, Clay Regazzoni, Niki Lauda, Carlos Reutemann, Jody Scheckter, Gilles Villeneuve, Didier Pironi, Patrick Tambay,René Arnoux,Michele Alboreto, Gerhard Berger, Nigel Mansell, Alain Prost, Jean Alesi, Eddie Irvine, Rubens Barrichello, Michael Schumacher, Kimi Räikkönen and Felipe Massa.
The Scuderia Ferrari drivers for the 2006 F1 season were Michael Schumacher and Felipe Massa. At the end of the 2006 season the team courted controversy by continuing to allow Marlboro to sponsor them after they, along with the other F1 teams, made a promise to end sponsorship deals with tobacco manufacturers. A five year deal was agreed and although this is not due to end until 2011, in April 2008 Marlboro dropped their on-car branding on Ferrari.
The drivers competing for 2008 were Felipe Massa and defending champion Kimi Räikkönen (both retained from 2007). Massa finished the season as runner-up to McLaren's Lewis Hamilton by one point, with Räikkönen third. Massa and Räikkönen have again been signed by Ferrari for the 2009 season to compete in the new Ferrari F60.
Other motorsports
Ferrari supply cars complete with V8 engines for the A1 Grand Prix series, from the 2008-09 season.[4] The car was designed by Rory Byrne and is styled to resemble the 2004 Ferrari Formula one car.
The 599 GTB Fiorano and F430 GT are used in GT racing series. The Ferrari Challenge is a one make racing series for the Ferrari F430. Ferrari's latest supercar, the 2006 FXX is not road legal, and is therefore only used for track events.
Road cars
For a complete list, including future and concept car models, see List of Ferrari road cars.
Ferrari 166 Inter Coupe Touring
Ferrari's first vehicle was the 125S sports/racing model. In 1949, the Ferrari 166 Inter, the company's first move into the grand touring market, which continues to make up the bulk of Ferrari sales to the present day.
Several early cars featured bodywork customised by a number of coachbuilders such as Pininfarina, Zagato and Bertone.
The Dino was the first mid-engined Ferrari. This layout would go on to be used in most Ferraris of the 1980s and 1990s. V6 and V8 Ferrari models make up well over half of the marque's total production.
For a time, Ferrari built 2+2 versions of its mid-engined V8 cars. Although they looked quite different from their 2-seat counterparts, both the GT4 and Mondial were closely related to the 308 GTB.
The company has also produced front-engined 2+2 cars, culminating in the current 612 Scaglietti and upcoming California.
Ferrari entered the mid-engined 12-cylinder fray with the Berlinetta Boxer in 1973. The later Testarossa remains one of the most famous Ferraris.
Supercars
Enzo Ferrari
The company's loftiest efforts have been in the supercar market. The 1962 250 GTO may be considered the first in the line of Ferrari supercars, which extends to the recent Enzo Ferrari and FXX models.
Concept cars and specials
Ferrari P4/5
Ferrari has produced a number of concept cars, such as the Ferrari Mythos. While some of these were quite radical (such as the Ferrari Modulo and never intended for production, others such as the Ferrari Mythos have shown styling elements which were later incopoprated into production models.
The most recent concept car to be produced by Ferrari themselves was the 2005 Ferrari Ascari.
A number of one-off special versions of Ferrari road cars have also been produced, some of which have been commissioned by wealthy owners.
Naming conventions
Until the early 1980s, Ferrari followed a three-number naming scheme based on engine displacement:
V6 and V8 models used the total displacement (in decilitres) for the first two digits and the number of cylinders as the third. Thus, the 206 was a 2.0 L V6 powered vehicle, while the 348 used a 3.4 L V8, although, for the F355, the last digit refers to 5 valves per cylinder. Upon introduction of the 360 Modena, the digits for V8 models (which now carried a name as well as a number) refer only to total engine displacement. The numerical indication aspect of this name has carried on to the current V8 model, the F430.
V12 models used the displacement (in cubic centimetres) of one cylinder. Therefore, the famed 365 Daytona had a 4390 cc V12. However, some newer V12-engined Ferraris, such as the 599, have three-number designations that refer only to total engine displacement.
Flat 12 (boxer) models used the displacement in litres. Therefore, the 512BB was five litre flat 12 (a Berlinetta Boxer, in this case). However, the original Berlinetta Boxer was the 365 GT4 BB, which was named in a similar manner to the V12 models.
Some models, such as the 1980 Mondial and the 1984 Testarossa did not follow a three-number naming scheme.
612 Scaglietti Sessanta Edition
Most Ferraris were also given designations referring to their body style. In general, the following conventions were used:
M ("Modificata"), placed at the end of a model's number, denotes a modified version of its predecessor and not a complete evolution (see F512M and 575M Maranello).
GTB ("Gran Turismo Berlinetta") models are closed Berlinettas, or coupes.
GTS ("Gran Turismo Spyder") in older models, are open Spyders (spelt "y"), or convertibles (see 365GTS4); however, in more recent models, this suffix is used for targa top models (see Dino 246GTS, and F355 GTS; the exception being the 348 TS, which is the only targa named differently). The convertible models now use the suffix "Spider" (spelt "i") (see F355 Spider, and 360 Spider).
This naming system can be confusing, as some entirely different vehicles used the same engine type and body style. Many Ferraris also had other names affixed (like Daytona) to identify them further. Many such names are actually not official factory names. The Daytona name commemorates Ferrari's triple success in the February 1967 24 Hours of Daytona with the 330P4[5]. Only in the 1973 Daytona 24 Hours, a 365 GTB4 model run by NART, who raced Ferrari's in America) ran second, behind a Porsche 911[6].
The various Dino models were named for Enzo's son, Dino Ferrari, and were marketed as Dinos by Ferrari and sold at Ferrari dealers—for all intents and purposes they are Ferraris.
In the mid 1990s, Ferrari added the letter "F" to the beginning of all models (a practice abandoned after the F512M and F355, but adopted again with the F430).
The "Cavallino Rampante" Prancing Horse Logo
Count Francesco Baracca
The famous symbol of the Ferrari race team is a black prancing stallion on a yellow shield, usually with the letters S F (for Scuderia Ferrari), with three stripes of green, white and red (the Italian national colors) at the top. The road cars have a rectangular badge on the hood (see picture above), and, optionally, the shield-shaped race logo on the sides of both front wings, close to the door.
On June 17, 1923, Enzo Ferrari won a race at the Savio track in Ravenna where he met the Countess Paolina, mother of Count Francesco Baracca, an ace of the Italian air force and national hero of World War I, who used to paint a horse on the side of his planes. The Countess asked Enzo to use this horse on his cars, suggesting that it would bring him good luck. The original "prancing horse" on Baracca's airplane was painted in red on a white cloud-like shape, but Ferrari chose to have the horse in black (as it had been painted as a sign of grief on Baracca's squadron planes after the pilot was killed in action) and he added a canary yellow background as this is the color of the city of Modena, his birthplace. The Ferrari horse was, from the very beginning, markedly different from the Baracca horse in most details, the most noticeable being the tail that in the original Baracca version was pointing downward.
Ferrari has used the cavallino rampante on official company stationery since 1929. Since the Spa 24 Hours of July 9, 1932, the cavallino rampante has been used on Alfa Romeos raced by Scuderia Ferrari.
Stuttgart
Austrian Fuel Stations
The motif of a prancing horse is old, it can be found on ancient coins. A similar black horse on a yellow shield is the Coat of Arms of the German city of Stuttgart, home of Mercedes-Benz and the design bureau of Porsche, both being main competitors of Alfa and Ferrari in the 1930s. The city's name derives from Stutengarten, an ancient form of the German word Gestüt, which translates into English as stud farm and into Italian as scuderia. Porsche also includes the Stuttgart sign in its corporate logo, centred in the emblem of the state of Württemberg. Stuttgart's Rössle has both rear legs firmly planted on the soil, like Baracca's horse, but unlike Ferrari's cavallino.
Fabio Taglioni used the cavallino rampante on his Ducati motorbikes, as Taglioni was born at Lugo di Romagna like Baracca, and his father too was a military pilot during WWI (although not part of Baracca's squadron, as is sometimes mistakenly reported). As Ferrari's fame grew, Ducati abandoned the horse- perhaps the result of a private agreement between the two companies.
The cavallino rampante is now a trademark of Ferrari. Cavallino Magazine uses the name, but not the logo. However, other companies use similar logos: Avanti, an Austrian company operating over 100 filling stations, uses a prancing horse logo which is nearly identical to Ferrari's, as does Iron Horse Bicycles. Many pay homage to the Ferrari logo, e.g. the Jamiroquai album Travelling Without Moving.
Racing Red - Rosso Corsa
Main article: Rosso corsa
Since the 1920s, Italian race cars of Alfa Romeo, Maserati and later Ferrari and Abarth were (and often still are) painted in "race red" (Rosso Corsa). This was the customary national racing color of Italy, as recommended between the World Wars by the organizations that later would become the FIA. It refers to the nationality of the competing team, not that of the car manufacturer or driver. In that scheme, French-entered cars like Bugatti were blue, German like Benz and Mercedes white (since 1934 also bare sheet metal silver), and British green such as the mid 1960s Lotus and BRM, for instance.
Curiously, Ferrari won the 1964 World championship with John Surtees by competing the last two races in North America with cars painted in the US-American race colors white and blue, as these were not entered by the Italian factory themselves, but by the U.S.-based North American Racing Team (NART) team. This was done as a protest concerning arguments between Ferrari and the Italian Racing Authorities regarding the homologation of a new mid-engined Ferrari race car.
Merchandising and exhibiton
Ferrari also has an internally managed merchandising line that licenses many products bearing the Ferrari brand, including eyewear, pens, pencils, electronic goods, perfume, clothing, high-tech bicycles, watches, cell phones, and even laptop computers.
Ferrari also run a museum, the Galleria Ferrari in Maranello, which displays road and race cars and other items from the company's history.
Presently, the FX market is one of the largest and most liquid financial markets in the world, and includes trading between large banks, central banks, currency speculators, corporations, governments, and other financial institutions. The average daily volume in the global foreign exchange and related markets is continuously growing. Traditional daily turnover was reported to be over US$3.2 trillion in April 2007 by the Bank for International Settlements.[2] Since then, the market has continued to grow. According to Euromoney's annual FX Poll, volumes grew a further 41% between 2007 and 2008.[3]
The purpose of FX market is to facilitate trade and investment. The need for a foreign exchange market arises because of the presence of multifarious international currencies such as the US Dollars, Euro, Japanese yen, Pound Sterling, etc..., and the need for trading in such currencies.
Company structure
Ferrari was founded as an independent company by Enzo Ferrari. During the 1960s, the company was in financial difficulty, and Mr Ferrari announced his intention to sell the company to ensure continued financial backing. Interest from the Ford Motor Company was rejected in favour of an offer from the Fiat Group, which took control of the company's sports car division in 1969. Enzo Ferrari retained control of the racing division until his death in 1988 at the age of 90.
In 2007 the Financial Times put Ferrari at the top of its list of 100 Best Workplaces in Europe.
History
Main article: History of Ferrari
Enzo Ferrari never intended to produce road cars when he had formed Scuderia Ferrari (literally "Ferrari Stable", and usually used to mean "Team Ferrari", it is correctly pronounced "skoo deh REE ah") in 1929 as a sponsor for amateur drivers headquartered in Modena. Ferrari prepared and successfully raced various drivers in Alfa Romeo cars until 1938, when he was hired by Alfa Romeo to head their motor racing department.
In 1941, Alfa Romeo was confiscated by the Fascist government of Benito Mussolini as part of the Axis Powers' war effort. Enzo Ferrari's division was small enough to be unaffected by this. Because he was prohibited by contract from racing for four years, the Scuderia briefly became Auto Avio Costruzioni Ferrari, which ostensibly produced machine tools and aircraft accessories. Also known as SEFAC (Scuderia Enzo Ferrari Auto Corse), Ferrari did in fact produce one race car, the Tipo 815, in the non-competition period. It was the first actual Ferrari car (it debuted at the 1940 Mille Miglia), but due to World War II it saw little competition. In 1943 the Ferrari factory moved to Maranello, where it has remained ever since. The factory was bombed by the Allies in 1944 and rebuilt in 1946, after the war ended, and included a works for road car production. Until Il Commendatore's death, this would remain little more than a source of funding for his first love, racing.
166MM Barchetta 212/225.
The first Ferrari road car was the 1947 125 S, powered by a 1.5 L V12 engine; Enzo Ferrari reluctantly built and sold his automobiles to fund Scuderia Ferrari.[citation needed] While his beautiful and fast cars quickly gained a reputation for excellence, Enzo maintained a famous distaste for his customers.[citation needed]
In 1988, Enzo Ferrari oversaw the launch of the Ferrari F40, the last new Ferrari to be launched before his death later that year, and arguably one of the most famous supercars ever made.
On May 17, 2009 in Maranello, Italy, a 1957 250 Testa Rossa (TR) was auctioned, by RM Auctions and Sotheby's, for $12.1 Million - a world record for the most expensive car ever sold at an auction. [3]
Motorsport
For a complete list of Ferrari racing cars, see List of Ferrari competition cars.
Ferrari 312T2 Formula One car
Since the company's beginnings, Ferrari has been involved in motorsport, competing in a range of categories including Formula One and Sports car racing through its Scuderia Ferrari sporting division as well as supplying cars and engines to other teams.
The 1940 AAC 815 was the first racing car to be designed by Enzo Ferrari, although it was not badged as a Ferrari model. Currently, the Ferrari works team only compete in Formula One, and is the only team to have competed in the World Championship since its inception in 1950.
Sports car racing
A 312PB during the team's final year in the World Sportscar Championship.
In 1949, Luigi Chinetti drove a 166M to Ferrari's first win in motorsports, the 24 Hours of Le Mans. Ferrari went on to dominate the early years of the World Sportscar Championship which was created in 1953, winning the Manufacturers Championship seven out of its first nine years.
When the championship changed formats in 1962, Ferrari earned championships in at least one class until 1966, then again in 1968. Ferrari would win one final championship in 1972 before Enzo decided to leave sports car racing and concentrate Scuderia Ferrari solely on Formula One.
During Ferrari's seasons of the World Sportscar Championship, they also gained more wins at the 24 Hours of Le Mans, with the factory team earning their first in 1954. Another win would come in 1958, followed by five consecutive wins from 1960 to 1964. Luigi Chinetti's North American Racing Team (NART) would take Ferrari's final victory at Le Mans in 1965.
Although Scuderia Ferrari no longer participated in sports cars after 1973, they have occasionally built various successful sports cars for privateers. These include the 512BB/LM in the 1970s, the 333 SP which won the IMSA GT Championship in the 1990s, and currently the F430 GT2 and GT3 which are currently winning championships in their respective classes.
Formula One
Main article: Scuderia Ferrari
Scuderia Ferrari won its most recent Formula One driver's title in 2007, with Kimi Räikkönen.
Scuderia Ferrari joined the Formula One World Championship in the first year of its existence,in 1950. José Froilán González gave the team its first victory at the 1951 British Grand Prix.
Alberto Ascari gave Ferrari its first Drivers Championship a year later. Ferrari is the oldest team left in the championship, not to mention the most successful: the team holds nearly every Formula One record. As of 2008[update], the team's records include 15 World Drivers Championship titles (1952, 1953, 1956, 1958, 1961, 1964, 1975, 1977, 1979, 2000, 2001, 2002, 2003, 2004 and 2007) 16 World Constructors Championship titles 1961, 1964, 1975, 1976, 1977, 1979, 1982, 1983, 1999, 2000, 2001, 2002, 2003, 2004, 2007 and 2008, 209 Grand Prix victories, 4925.27 points, 622 podium finishes, 203 pole positions, and 218 fastest laps in 776 Grands Prix contested.
Notable Ferrari drivers include Tazio Nuvolari, José Froilán González, Juan Manuel Fangio, Luigi Chinetti, Alberto Ascari, Wolfgang von Trips, Phil Hill, Olivier Gendebien, Mike Hawthorn, Peter Collins, Giancarlo Baghetti, John Surtees, Lorenzo Bandini, Ludovico Scarfiotti, Jacky Ickx, Mario Andretti, Clay Regazzoni, Niki Lauda, Carlos Reutemann, Jody Scheckter, Gilles Villeneuve, Didier Pironi, Patrick Tambay,René Arnoux,Michele Alboreto, Gerhard Berger, Nigel Mansell, Alain Prost, Jean Alesi, Eddie Irvine, Rubens Barrichello, Michael Schumacher, Kimi Räikkönen and Felipe Massa.
The Scuderia Ferrari drivers for the 2006 F1 season were Michael Schumacher and Felipe Massa. At the end of the 2006 season the team courted controversy by continuing to allow Marlboro to sponsor them after they, along with the other F1 teams, made a promise to end sponsorship deals with tobacco manufacturers. A five year deal was agreed and although this is not due to end until 2011, in April 2008 Marlboro dropped their on-car branding on Ferrari.
The drivers competing for 2008 were Felipe Massa and defending champion Kimi Räikkönen (both retained from 2007). Massa finished the season as runner-up to McLaren's Lewis Hamilton by one point, with Räikkönen third. Massa and Räikkönen have again been signed by Ferrari for the 2009 season to compete in the new Ferrari F60.
Other motorsports
Ferrari supply cars complete with V8 engines for the A1 Grand Prix series, from the 2008-09 season.[4] The car was designed by Rory Byrne and is styled to resemble the 2004 Ferrari Formula one car.
The 599 GTB Fiorano and F430 GT are used in GT racing series. The Ferrari Challenge is a one make racing series for the Ferrari F430. Ferrari's latest supercar, the 2006 FXX is not road legal, and is therefore only used for track events.
Road cars
For a complete list, including future and concept car models, see List of Ferrari road cars.
Ferrari 166 Inter Coupe Touring
Ferrari's first vehicle was the 125S sports/racing model. In 1949, the Ferrari 166 Inter, the company's first move into the grand touring market, which continues to make up the bulk of Ferrari sales to the present day.
Several early cars featured bodywork customised by a number of coachbuilders such as Pininfarina, Zagato and Bertone.
The Dino was the first mid-engined Ferrari. This layout would go on to be used in most Ferraris of the 1980s and 1990s. V6 and V8 Ferrari models make up well over half of the marque's total production.
For a time, Ferrari built 2+2 versions of its mid-engined V8 cars. Although they looked quite different from their 2-seat counterparts, both the GT4 and Mondial were closely related to the 308 GTB.
The company has also produced front-engined 2+2 cars, culminating in the current 612 Scaglietti and upcoming California.
Ferrari entered the mid-engined 12-cylinder fray with the Berlinetta Boxer in 1973. The later Testarossa remains one of the most famous Ferraris.
Supercars
Enzo Ferrari
The company's loftiest efforts have been in the supercar market. The 1962 250 GTO may be considered the first in the line of Ferrari supercars, which extends to the recent Enzo Ferrari and FXX models.
Concept cars and specials
Ferrari P4/5
Ferrari has produced a number of concept cars, such as the Ferrari Mythos. While some of these were quite radical (such as the Ferrari Modulo and never intended for production, others such as the Ferrari Mythos have shown styling elements which were later incopoprated into production models.
The most recent concept car to be produced by Ferrari themselves was the 2005 Ferrari Ascari.
A number of one-off special versions of Ferrari road cars have also been produced, some of which have been commissioned by wealthy owners.
Naming conventions
Until the early 1980s, Ferrari followed a three-number naming scheme based on engine displacement:
V6 and V8 models used the total displacement (in decilitres) for the first two digits and the number of cylinders as the third. Thus, the 206 was a 2.0 L V6 powered vehicle, while the 348 used a 3.4 L V8, although, for the F355, the last digit refers to 5 valves per cylinder. Upon introduction of the 360 Modena, the digits for V8 models (which now carried a name as well as a number) refer only to total engine displacement. The numerical indication aspect of this name has carried on to the current V8 model, the F430.
V12 models used the displacement (in cubic centimetres) of one cylinder. Therefore, the famed 365 Daytona had a 4390 cc V12. However, some newer V12-engined Ferraris, such as the 599, have three-number designations that refer only to total engine displacement.
Flat 12 (boxer) models used the displacement in litres. Therefore, the 512BB was five litre flat 12 (a Berlinetta Boxer, in this case). However, the original Berlinetta Boxer was the 365 GT4 BB, which was named in a similar manner to the V12 models.
Some models, such as the 1980 Mondial and the 1984 Testarossa did not follow a three-number naming scheme.
612 Scaglietti Sessanta Edition
Most Ferraris were also given designations referring to their body style. In general, the following conventions were used:
M ("Modificata"), placed at the end of a model's number, denotes a modified version of its predecessor and not a complete evolution (see F512M and 575M Maranello).
GTB ("Gran Turismo Berlinetta") models are closed Berlinettas, or coupes.
GTS ("Gran Turismo Spyder") in older models, are open Spyders (spelt "y"), or convertibles (see 365GTS4); however, in more recent models, this suffix is used for targa top models (see Dino 246GTS, and F355 GTS; the exception being the 348 TS, which is the only targa named differently). The convertible models now use the suffix "Spider" (spelt "i") (see F355 Spider, and 360 Spider).
This naming system can be confusing, as some entirely different vehicles used the same engine type and body style. Many Ferraris also had other names affixed (like Daytona) to identify them further. Many such names are actually not official factory names. The Daytona name commemorates Ferrari's triple success in the February 1967 24 Hours of Daytona with the 330P4[5]. Only in the 1973 Daytona 24 Hours, a 365 GTB4 model run by NART, who raced Ferrari's in America) ran second, behind a Porsche 911[6].
The various Dino models were named for Enzo's son, Dino Ferrari, and were marketed as Dinos by Ferrari and sold at Ferrari dealers—for all intents and purposes they are Ferraris.
In the mid 1990s, Ferrari added the letter "F" to the beginning of all models (a practice abandoned after the F512M and F355, but adopted again with the F430).
The "Cavallino Rampante" Prancing Horse Logo
Count Francesco Baracca
The famous symbol of the Ferrari race team is a black prancing stallion on a yellow shield, usually with the letters S F (for Scuderia Ferrari), with three stripes of green, white and red (the Italian national colors) at the top. The road cars have a rectangular badge on the hood (see picture above), and, optionally, the shield-shaped race logo on the sides of both front wings, close to the door.
On June 17, 1923, Enzo Ferrari won a race at the Savio track in Ravenna where he met the Countess Paolina, mother of Count Francesco Baracca, an ace of the Italian air force and national hero of World War I, who used to paint a horse on the side of his planes. The Countess asked Enzo to use this horse on his cars, suggesting that it would bring him good luck. The original "prancing horse" on Baracca's airplane was painted in red on a white cloud-like shape, but Ferrari chose to have the horse in black (as it had been painted as a sign of grief on Baracca's squadron planes after the pilot was killed in action) and he added a canary yellow background as this is the color of the city of Modena, his birthplace. The Ferrari horse was, from the very beginning, markedly different from the Baracca horse in most details, the most noticeable being the tail that in the original Baracca version was pointing downward.
Ferrari has used the cavallino rampante on official company stationery since 1929. Since the Spa 24 Hours of July 9, 1932, the cavallino rampante has been used on Alfa Romeos raced by Scuderia Ferrari.
Stuttgart
Austrian Fuel Stations
The motif of a prancing horse is old, it can be found on ancient coins. A similar black horse on a yellow shield is the Coat of Arms of the German city of Stuttgart, home of Mercedes-Benz and the design bureau of Porsche, both being main competitors of Alfa and Ferrari in the 1930s. The city's name derives from Stutengarten, an ancient form of the German word Gestüt, which translates into English as stud farm and into Italian as scuderia. Porsche also includes the Stuttgart sign in its corporate logo, centred in the emblem of the state of Württemberg. Stuttgart's Rössle has both rear legs firmly planted on the soil, like Baracca's horse, but unlike Ferrari's cavallino.
Fabio Taglioni used the cavallino rampante on his Ducati motorbikes, as Taglioni was born at Lugo di Romagna like Baracca, and his father too was a military pilot during WWI (although not part of Baracca's squadron, as is sometimes mistakenly reported). As Ferrari's fame grew, Ducati abandoned the horse- perhaps the result of a private agreement between the two companies.
The cavallino rampante is now a trademark of Ferrari. Cavallino Magazine uses the name, but not the logo. However, other companies use similar logos: Avanti, an Austrian company operating over 100 filling stations, uses a prancing horse logo which is nearly identical to Ferrari's, as does Iron Horse Bicycles. Many pay homage to the Ferrari logo, e.g. the Jamiroquai album Travelling Without Moving.
Racing Red - Rosso Corsa
Main article: Rosso corsa
Since the 1920s, Italian race cars of Alfa Romeo, Maserati and later Ferrari and Abarth were (and often still are) painted in "race red" (Rosso Corsa). This was the customary national racing color of Italy, as recommended between the World Wars by the organizations that later would become the FIA. It refers to the nationality of the competing team, not that of the car manufacturer or driver. In that scheme, French-entered cars like Bugatti were blue, German like Benz and Mercedes white (since 1934 also bare sheet metal silver), and British green such as the mid 1960s Lotus and BRM, for instance.
Curiously, Ferrari won the 1964 World championship with John Surtees by competing the last two races in North America with cars painted in the US-American race colors white and blue, as these were not entered by the Italian factory themselves, but by the U.S.-based North American Racing Team (NART) team. This was done as a protest concerning arguments between Ferrari and the Italian Racing Authorities regarding the homologation of a new mid-engined Ferrari race car.
Merchandising and exhibiton
Ferrari also has an internally managed merchandising line that licenses many products bearing the Ferrari brand, including eyewear, pens, pencils, electronic goods, perfume, clothing, high-tech bicycles, watches, cell phones, and even laptop computers.
Ferrari also run a museum, the Galleria Ferrari in Maranello, which displays road and race cars and other items from the company's history.
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