To understand this, we have to go back in time—like, way back to the 1960s. Enzo Ferrari, the brilliant grouch, sold a 50% stake to Fiat, which later grew to 90% by 1988.
So for decades, Ferrari was part of the Fiat family. That’s why people still get confused; the association was long and deep. Fiat later merged with Chrysler to form Fiat Chrysler Automobiles (FCA) in 2014.
And then, in 2026, FCA merged with the French group PSA to create Stellantis, the massive automaker behind Jeep, Peugeot, Ram, and Alfa Romeo. But here’s the key: Ferrari had already been spun off in 2016.
Wait, So When Did Ferrari Leave the Nest?
In 2015, FCA’s CEO Sergio Marchionne—a genius with a sweater and a plan—decided to unleash Ferrari as a separate company. He spun it off through an IPO in 2015 and fully separated it in early 2016.
Think of it like a rebellious teenager leaving home, but the parents still own a small piece of the house. Stellantis, as the successor to FCA, inherited a tiny, tiny ownership stake in Ferrari.
But here’s the punchline: That stake is less than 1%. It’s like saying you own a Ferrari because you have a single keychain. It doesn’t give Stellantis any control, any board seats, or any say in what shade of red the next model should be.
