Ferrari is a luxury car manufacturer that was founded in Italy in 1939. Production of the company is known all over the world because of the high performance and high quality, it is also a symbol of wealth. In 2014 Ferrari was even named as the most powerful brand. Over 20 models are developed by Ferrari. Since 1969 50 % shares of the company belongs to Fiat S.p.A. Racing team of the company achieves great results in many races, including Formula One. Ferrari had used naming for the models like M(“Modificata”), GTB (“Gran Turismo Berlinetta”), GTS (“Gran Turismo Spider”), GTO (“Gran turismo Omologata”) that marked body style of the car.