As Fiat Chrysler spins off Ferrari, the Italian families behind the famous high-performance brand have found a way to keep control of the new public company: The two top investors of Ferrari, the Agnelli family and Piero Ferrari, who is the son of Ferrari founder Enzo Ferrari, have agreed to consult each other on the direction of the company, which is being spun off by Fiat Chrysler to become a publicly-traded company. That agreement gives the family group voting power of nearly 50% of the stock, keeping a firm grip on the wheel of Ferrari. Each family will have the right of first refusal if the other wants to sell some of the stock. The contract stands for 5 years. The families say their pact will keep Ferrari unique among the world’s nameplates, which is an offer they couldn’t refuse.
