Ferrari S.p.A. is an Italian sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1929, as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street-legal vehicles as Ferrari S.p.A. in 1947. In 1969, Fiat S.p.A. became a shareholder of Ferrari and now its majority owner. Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it has had great[citation needed] success. Ferrari road cars are generally seen as a symbol of speed, luxury and wealth.
Haas F1 Team[1] (previously known as Haas Formula and Haas Racing Developments)[3][4][5][6] is a Formula One racing team established by NASCAR Sprint Cup Series team co-owner Gene Haas in April 2014. The team was expected to make its debut at the start of the 2015 season,[5][7] but later elected to postpone their entry until the 2016 season.[8] The team will be headquartered in Kannapolis, North Carolina,[2] alongside sister team and NASCAR Sprint Cup entrant Stewart-Haas Racing, but the two teams will be treated as separate bodies.