Ferrari N.V. is an Italian based sports automobile manufacturer headquartered in Maranello. It was initially Alfa Romeo’s racing division that grew out as Auto Avio Construction (AAC), founded by Enzo Ferrari in 1939, in Modena as direct progenitor of the prestigious Ferrari brand. The company’s first car was built in the following year. However, the company’s establishment as an auto manufacturer is recognized in 1947 when the first car, 125 S, powered by a 1.5 L V12 engine with the Ferrari badge was built.
Scuderia Ferrari is the sport division that has been involved since the beginning, competing in a range of categories including Formula One and Sports Car Racing. It is the only team to have competed in the Formula One World Championship continuously since its inception in 1950. Ferrari is the oldest team in the championship, and the most successful: the team holds nearly every Formula One record. As of 2014, the team's records include 15 World Drivers Championship titles, 16 World Constructors Championship titles, 221 Grand Prix victories, 6736.27 points, 679 podium finishes, 207 pole positions, and 230 fastest laps in 890 Grands Prix contested. Of the 19 tracks used in 2014, 8 have lap records set by the Ferrari F2004, with a further 3 set by the Ferrari F2003-GA, Ferrari F2008 and Ferrari F10.
The identity of Ferrari cars, the ’Cavallino Rampante’ or ’prancing horse’ was inspired by the original prancing horse painted by Count Francesco Baracca on the side of his planes, who was an ace of the Italian air force and national hero of World War I. Enzo met the mother of Baracca, Countess Paolina who asked him to use the stallion on his car suggesting it would bring good luck.