1.
Ferrari (film)
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Ferrari is a 2003 bio-pic based on the book by Enzo Biagi. It depicts Enzo Ferraris rise from a race driver to one of the most famous entrepreneurs of all time. Being interviewed by a fictitious, intrusive young journalist he recalls his setbacks and he also expresses his regrets about race drivers who met with an accident. The film finishes with a dedication by Piero Ferrari, In loving memory of my father, due to its success the original TV miniseries was edited for cinema. When he is ten years old, Enzo Ferrari runs to the next village only to watch a car race. Now the direction for his life is set and he starts immediately working on vehicles and as soon as he is old enough to drive a real car, he becomes a race car driver. Soon the young man shows ambitions in finding a racing team and he offers his services to Fiat but the team managers turn him down. Yet Alfa Romeo hires Ferrari and promotes him to team manager, with gusto Ferrari takes his family to the races. His wife objects to the noise and considers this environment inappropriate for little Dino and he is determined to raise him as his successor. Ferraris reputation grows and enables him to create his own company, when he presents his employees to the press, he explains that enthusiasm can be contagious. But when German troops come to Italy, Ferrari is accused of building weapons for the Italian resistance, although one of the officers is a fan of Ferrari and tries to protect him, Ferrari must hide. After the war Enzo Ferrari rebuilds his destroyed factory, and begins pushing himself to his limits, once he is back in business and has recovered from exhaustion, he finds out that Dino suffers with an especially severe form of muscular dystrophy. Enzo regrets not having spent more time with him, a thought which will haunt him for the rest of his life
2.
Naamloze vennootschap
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Naamloze vennootschap is a legal structure of a company conformable law in in the Netherlands, Belgium, Indonesia, and Suriname. The company is owned by shareholders, and the shares are not registered to certain owners. The phrase literally means nameless partnership or anonymous venture and comes from the fact that the partners are not directly known and this is in contrast to the term for a private limited company, which is called besloten vennootschap. SE – additional legal structure of a company available in the European Union S. p. A Types of companies
3.
Ticker symbol
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A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both, ticker symbol refers to the symbols that were printed on the ticker tape of a ticker tape machine. Stock symbols are unique identifiers assigned to each security traded on a particular market, for example, AAPL is for Apple Inc. OODH is for Orion DHC, Inc. and HD is for Home Depot, a stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were kept as short as possible to reduce the number of characters that had to be printed on the ticker tape, the allocation of symbols and formatting convention is specific to each stock exchange. In the US, for example, stock tickers are typically between 1 and 4 letters and represent the name where possible. In Europe, most exchanges use three-letter codes, for example Dutch consumer goods company Unilever traded on the Amsterdam Euronext exchange has the symbol UNA, while in Asia, numbers are often used as stock tickers to avoid issues for international investors when using non-Latin scripts. For example, the bank HSBCs stock traded on the Hong Kong Stock Exchange has the ticker symbol 0005, symbols sometimes change to reflect mergers. Prior to the 1999 merger with Mobil Oil, Exxon used a spelling of the company XON as its ticker symbol. The symbol of the firm after the merger was XOM, symbols are sometimes reused, in the US the single-letter symbols are particularly sought after as vanity symbols. For example, since Mar 2008 Visa Inc. has used the symbol V that had previously used by Vivendi which had delisted. To fully qualify a stock, both the ticker and the exchange or country of listing needs to be known, on many systems both must be specified to uniquely identify the security. This is often done by appending the location or exchange code to the ticker, although stock tickers identify a security, they are exchange dependent, generally limited to stocks and can change. These limitations have led to the development of other codes in financial markets to identify securities for settlement purposes, the most prevalent of these is the International Securities Identifying Number. An ISIN uniquely identifies a security and its structure is defined in ISO6166, Securities for which ISINs are issued include bonds, commercial paper, stocks, and warrants. The ISIN identifies the security, not the exchange on which it trades, for instance, Daimler AG stock trades on twenty-two different stock exchanges worldwide, and is priced in five different currencies, it has the same ISIN on each, though not the same ticker symbol. ISIN cannot specify a particular trade in this case, and another identifier, following the introduction of the Sequence trading platform in 1996, EPICs were renamed Tradable Instrument Display Mnemonics, but they are still widely referred to as EPICs. Stocks can also be identified using their SEDOL number or their ISIN, in the United States, modern letter-only ticker symbols were developed by Standard & Poors to bring a national standard to investing
4.
Borsa Italiana
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Borsa Italiana S. p. A. based in Milan, is Italys stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries, following exchange privatisation in 1997, the Company was established and became effective since January 2,1998. It is now a subsidiary of the London Stock Exchange Group plc since June 23,2007, in 2015, overall capitalisation for listed company on Borsa Italiana was worth €465Bln, representing % of Italian GDP. Borsa Italiana is also known as Piazza Affari, after the city square of Milan where its headquarters is located. Borsa Italiana is chaired by Andrea Sironi while Raffaele Jerusalmi serves as CEO, the two, moreover, are also both members of the Board of Directors of London Stock Exchange Group. The Borsa di commercio di Milano was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, in March 2016, the London Stock Exchange Group announced it had agree to merge in an all-stock deal with Deutsche Borse. Borsa Italiana acts as a management firm operating with autonomy. It organises and manages the domestic market along with Italian. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings, major trading markets for Borsa Italiana are, MTA, the leading equity market, which is devoted to mid and large-size companies
5.
New York Stock Exchange
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The New York Stock Exchange, is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the worlds largest stock exchange by market capitalization of its companies at US$19.3 trillion as of June 2016. The average daily trading value was approximately US$169 billion in 2013, the NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007, the main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists, previously, it was part of NYSE Euronext, which was formed by the NYSEs 2007 merger with Euronext. NYSE and Euronext now operate as divisions of Intercontinental Exchange, the NYSE has been the subject of several lawsuits regarding fraud or breach of duty and in 2004 was sued by its former CEO for breach of contract and defamation. The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement, previously securities exchange had been intermediated by the auctioneers who also conducted more mundane auctions of commodities such as wheat and tobacco. In 1817 the stockbrokers of New York operating under the Buttonwood Agreement instituted new reforms, after sending a delegation to Philadelphia to observe the organization of their board of brokers, restrictions on manipulative trading were adopted as well as formal organs of governance. Several locations were used between 1817 and 1865, when the present location was adopted, the invention of the electrical telegraph consolidated markets, and New Yorks market rose to dominance over Philadelphia after weathering some market panics better than other alternatives. The Civil War greatly stimulated speculative securities trading in New York, by 1869 membership had to be capped, and has been sporadically increased since. The latter half of the century saw rapid growth in securities trading. Securities trade in the nineteenth and early twentieth centuries was prone to panics. The Stock Exchange Luncheon Club was situated on the floor from 1898 until its closure in 2006. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978, as was the 11 Wall Street building. The NYSE announced its plans to merge with Archipelago on April 21,2005, NYSEs governing board voted to merge with rival Archipelago on December 6,2005, and became a for-profit, public company. It began trading under the name NYSE Group on March 8,2006, Wall Street is the leading US money center for international financial activities and the foremost US location for the conduct of wholesale financial services. It comprises a matrix of wholesale financial sectors, financial markets, financial institutions, the principal sectors are securities industry, commercial banking, asset management, and insurance. Prior to the acquisition of NYSE Euronext by the ICE in 2013, Marsh Carter was the Chairman of the NYSE, presently, the chairman is Jeffrey Sprecher
6.
Automotive industry
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The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles, some of them are called automakers. It is one of the worlds most important economic sectors by revenue, the term automotive was created from Greek autos, and Latin motivus to represent any form of self-powered vehicle. This term was proposed by Elmer Sperry, the automotive industry began in the 1890s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in automobile production. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, at that time the U. S. had one car per 4.87 persons. After World War II, the U. S. produced about 75 percent of auto production. In 1980, the U. S. was overtaken by Japan, in 2006, Japan narrowly passed the U. S. in production and held this rank until 2009, when China took the top spot with 13.8 million units. With 19.3 million units manufactured in 2012, China almost doubled the U. S. production, with 10.3 million units, from 1970 over 1998 to 2012, the number of automobile models in the U. S. has grown exponentially. Safety is a state that implies to be protected from any risk, danger, in the automotive industry, safety means that users, operators or manufacturers do not face any risk or danger coming from the motor vehicle or its spare parts. Safety for the automobiles themselves, implies there is no risk of damage. Safety in the industry is particularly important and therefore highly regulated. Automobiles and other vehicles have to comply with a certain number of norms and regulations, whether local or international. The standard ISO26262, is considered as one of the best practice framework for achieving automotive functional safety. In case of safety issues, danger, product defect or faulty procedure during the manufacturing of the motor vehicle and this procedure is called product recall. Product recalls happen in every industry and can be production-related or stem from the raw material, however, the automotive industry is still particularly concerned about product recalls, which cause considerable financial consequences. Around the world, there were about 806 million cars and light trucks on the road in 2007, consuming over 980 billion litres of gasoline, the automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicts that, by 2014, meanwhile, in the developed countries, the automotive industry has slowed down. It is also expected that this trend will continue, especially as the generations of people no longer want to own a car anymore
7.
Modena
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Modena is a city and comune on the south side of the Po Valley, in the Province of Modena in the Emilia-Romagna region of northern Italy. One of Ferraris cars, the 360 Modena, was named after the town itself, the University of Modena, founded in 1175 and expanded by Francesco II dEste in 1686, has traditional strengths in economics, medicine and law and is the second oldest athenaeum in Italy. Italian military officers are trained at the Military Academy of Modena, the Biblioteca Estense houses historical volumes and 3,000 manuscripts. The Cathedral of Modena, the Torre della Ghirlandina and Piazza Grande are a UNESCO World Heritage Site since 1997, Modena is also known in culinary circles for its production of balsamic vinegar. Modena lies on the Pianura Padana, and is bounded by the two rivers Secchia and Panaro, both affluents of the Po River and their presence is symbolized by the Two Rivers Fountain in the citys center, by Giuseppe Graziosi. The city is connected to the Panaro by the Naviglio channel, the Apennines begin some 10 kilometres from the city, to the south. The commune is divided into four circoscrizioni and these are, Centro storico Crocetta Buon Pastore San Faustino Modena has a humid subtropical climate, with an average annual precipitation of 809 millimetres. Summers are warm and winters are chilly and wetter, with the possibility of snowfall and this climate is described by the Köppen climate classification as Cfa. From 1945 to 1992, Modena had a consecutive series of Communist mayors. From the 1990s, the city has been governed by center-left coalitions, at the April 2006 elections, the city of Modena gave about 50% of its votes to the Democratic Party. The legislative body of the municipality is the City Council which is composed by 35 members elected every five years, Modenas executive body is the City Committee composed by 9 assessors, the deputy-mayor and the mayor. The current mayor of Modena is Giancarlo Muzzarelli, member of the Democratic Party of Italy, the territory around Modena was inhabited by the Villanovans in the Iron Age, and later by Ligurian tribes, Etruscans, and the Gaulish Boii. Livy described it as a fortified citadel where Roman magistrates took shelter, the outcome of the siege is not known, but the city was most likely abandoned after Hannibals arrival. Mutina was refounded as a Roman colony in 183 BC, to be used as a base by Marcus Aemilius Lepidus. In the 1st century BC Mutina was besieged twice, the first siege was by Pompey in 78 BC, when Mutina was defended by Marcus Junius Brutus. The city eventually surrendered out of hunger, and Brutus fled, in the civil war following Caesars assassination, the city was besieged again, this time by Mark Antony, in 44 BC, and defended by Decimus Junius Brutus. Octavian relieved the city with the help of the Senate, cicero called it Mutina splendidissima in his Philippics. It is said that Mutina was never sacked by Attila, for a dense fog hid it, as of December 2008, Italian researchers have discovered the pottery center where the oil lamps that lit the ancient Roman empire were made
8.
Enzo Ferrari
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He was widely known as il Commendatore or il Drake. In his final years he was referred to as lIngegnere or il Grande Vecchio. Ferrari was born on 18 February 1898 in Modena, Italy and his birth certificate had recorded his birth date on 20 February because a heavy snowstorm had prevented his father from reporting the birth at the local registry office. He was the younger of two children to Alfredo and Adalgisa Ferrari, after his elder sibling Alfredo Junior, Alfredo Senior was the son of a grocer from Carpi and started a workshop fabricating metal parts at the family home. Enzo grew up with formal education. At the age of 10 he witnessed Felice Nazzaros win at the 1908 Circuit di Bologna, during World War I he served in the 3rd Mountain Artillery Regiment of the Italian Army. His father Alfredo, and his brother, Alfredo Jr. died in 1916 as a result of a widespread Italian flu outbreak. Ferrari became severely sick himself in the 1918 flu pandemic and was discharged from Italian service. Following the familys carpentry business collapse, Ferrari started searching for a job in the car industry and he unsuccessfully volunteered his services to FIAT in Turin, eventually settling for a job as test-driver for C. M. N. A car manufacturer in Milan, which rebuilt used truck bodies into small passenger cars, on November 23 of the same year, he took part in the Targa Florio but had to retire after his cars fuel tank developed a leak. The prancing horse emblem was created when Italian fighter pilot Francesco Baracca was shot down during World War I, Baracca gave Enzo Ferrari a necklace with the prancing horse on it prior to takeoff. Baracca was tragically shot down and killed, in memory of his death, Enzo Ferrari used the prancing horse to create the emblem that would become the world famous Ferrari shield. However the world first saw this emblem on an Alfa Romeo as Ferrari was still tied up with Alfa Romeo and it was not until 1947 that the shield was first seen on a Ferrari. This was the birth of Ferrari, in 1924 Ferrari won the Coppa Acerbo at Pescara, a success that encouraged Alfa Romeo to offer him a chance to race in much more prestigious competitions. Ferrari himself continued racing until 1932, before he left Alfa Romeo to found Scuderia Ferrari, despite the quality of the Scuderia drivers, the team struggled to compete with Auto Union and Mercedes. In 1937 Alfa Romeo decided to regain control of its racing division. Unhappy with the arrangement, Ferrari left and founded Auto-Avio Costruzioni, with the outbreak of World War II in 1943, Ferraris factory was forced to undertake war production for Mussolinis fascist government. Following Allied bombing of the factory, Ferrari relocated from Modena to Maranello, at the end of the conflict, Ferrari decided to start making cars bearing his name, and founded Ferrari S. p. A. in 1947
9.
Amsterdam
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Amsterdam is the capital and most populous municipality of the Kingdom of the Netherlands. Its status as the capital is mandated by the Constitution of the Netherlands, although it is not the seat of the government, which is The Hague. Amsterdam has a population of 851,373 within the city proper,1,351,587 in the urban area, the city is located in the province of North Holland in the west of the country. The metropolitan area comprises much of the part of the Randstad, one of the larger conurbations in Europe. Amsterdams name derives from Amstelredamme, indicative of the citys origin around a dam in the river Amstel, during that time, the city was the leading centre for finance and diamonds. In the 19th and 20th centuries the city expanded, and many new neighborhoods and suburbs were planned, the 17th-century canals of Amsterdam and the 19–20th century Defence Line of Amsterdam are on the UNESCO World Heritage List. As the commercial capital of the Netherlands and one of the top financial centres in Europe, Amsterdam is considered a world city by the Globalization. The city is also the capital of the Netherlands. Many large Dutch institutions have their headquarters there, and seven of the worlds 500 largest companies, including Philips and ING, are based in the city. In 2012, Amsterdam was ranked the second best city to live in by the Economist Intelligence Unit and 12th globally on quality of living for environment, the city was ranked 3rd in innovation by Australian innovation agency 2thinknow in their Innovation Cities Index 2009. The Amsterdam seaport to this day remains the second in the country, famous Amsterdam residents include the diarist Anne Frank, artists Rembrandt van Rijn and Vincent van Gogh, and philosopher Baruch Spinoza. The Amsterdam Stock Exchange, the oldest stock exchange in the world, is located in the city center. After the floods of 1170 and 1173, locals near the river Amstel built a bridge over the river, the earliest recorded use of that name is in a document dated October 27,1275, which exempted inhabitants of the village from paying bridge tolls to Count Floris V. This allowed the inhabitants of the village of Aemstelredamme to travel freely through the County of Holland, paying no tolls at bridges, locks, the certificate describes the inhabitants as homines manentes apud Amestelledamme. By 1327, the name had developed into Aemsterdam, Amsterdam is much younger than Dutch cities such as Nijmegen, Rotterdam, and Utrecht. In October 2008, historical geographer Chris de Bont suggested that the land around Amsterdam was being reclaimed as early as the late 10th century. This does not necessarily mean there was already a settlement then, since reclamation of land may not have been for farming—it may have been for peat. Amsterdam was granted city rights in either 1300 or 1306, from the 14th century on, Amsterdam flourished, largely from trade with the Hanseatic League
10.
Netherlands
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The Netherlands, also informally known as Holland is the main constituent country of the Kingdom of the Netherlands. It is a densely populated country located in Western Europe with three territories in the Caribbean. The European part of the Netherlands borders Germany to the east, Belgium to the south, and the North Sea to the northwest, sharing borders with Belgium, the United Kingdom. The three largest cities in the Netherlands are Amsterdam, Rotterdam and The Hague, Amsterdam is the countrys capital, while The Hague holds the Dutch seat of parliament and government. The port of Rotterdam is the worlds largest port outside East-Asia, the name Holland is used informally to refer to the whole of the country of the Netherlands. Netherlands literally means lower countries, influenced by its low land and flat geography, most of the areas below sea level are artificial. Since the late 16th century, large areas have been reclaimed from the sea and lakes, with a population density of 412 people per km2 –507 if water is excluded – the Netherlands is classified as a very densely populated country. Only Bangladesh, South Korea, and Taiwan have both a population and higher population density. Nevertheless, the Netherlands is the worlds second-largest exporter of food and agricultural products and this is partly due to the fertility of the soil and the mild climate. In 2001, it became the worlds first country to legalise same-sex marriage, the Netherlands is a founding member of the EU, Eurozone, G-10, NATO, OECD and WTO, as well as being a part of the Schengen Area and the trilateral Benelux Union. The first four are situated in The Hague, as is the EUs criminal intelligence agency Europol and this has led to the city being dubbed the worlds legal capital. The country also ranks second highest in the worlds 2016 Press Freedom Index, the Netherlands has a market-based mixed economy, ranking 17th of 177 countries according to the Index of Economic Freedom. It had the thirteenth-highest per capita income in the world in 2013 according to the International Monetary Fund, in 2013, the United Nations World Happiness Report ranked the Netherlands as the seventh-happiest country in the world, reflecting its high quality of life. The Netherlands also ranks joint second highest in the Inequality-adjusted Human Development Index, the region called Low Countries and the country of the Netherlands have the same toponymy. Place names with Neder, Nieder, Nether and Nedre and Bas or Inferior are in use in all over Europe. They are sometimes used in a relation to a higher ground that consecutively is indicated as Upper, Boven, Oben. In the case of the Low Countries / the Netherlands the geographical location of the region has been more or less downstream. The geographical location of the region, however, changed over time tremendously
11.
Maranello
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Maranello is a town and comune in the region of Emilia-Romagna in Northern Italy,18 km from Modena, with a population of 17,165 as of 2013. It is best known as the home of Ferrari and the Scuderia Ferrari Formula One racing team, maranello was also home to coachbuilding firm Carrozzeria Scaglietti, now owned by Ferrari. The public museum Museo Ferrari, which sports and racing cars. Its new library opened in November 2011, and was designed by Arata Isozaki, maranello is the starting point of the annual Italian Marathon, which finishes in nearby Carpi. Maranellos new town library was designed jointly by Andrea Maffei and Isozaki, the parish church of San Biagio was rebuilt in 1903
12.
Italy
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Italy, officially the Italian Republic, is a unitary parliamentary republic in Europe. Located in the heart of the Mediterranean Sea, Italy shares open land borders with France, Switzerland, Austria, Slovenia, San Marino, Italy covers an area of 301,338 km2 and has a largely temperate seasonal climate and Mediterranean climate. Due to its shape, it is referred to in Italy as lo Stivale. With 61 million inhabitants, it is the fourth most populous EU member state, the Italic tribe known as the Latins formed the Roman Kingdom, which eventually became a republic that conquered and assimilated other nearby civilisations. The legacy of the Roman Empire is widespread and can be observed in the distribution of civilian law, republican governments, Christianity. The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science, exploration, Italian culture flourished at this time, producing famous scholars, artists and polymaths such as Leonardo da Vinci, Galileo, Michelangelo and Machiavelli. The weakened sovereigns soon fell victim to conquest by European powers such as France, Spain and Austria. Despite being one of the victors in World War I, Italy entered a period of economic crisis and social turmoil. The subsequent participation in World War II on the Axis side ended in defeat, economic destruction. Today, Italy has the third largest economy in the Eurozone and it has a very high level of human development and is ranked sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, as a reflection of its cultural wealth, Italy is home to 51 World Heritage Sites, the most in the world, and is the fifth most visited country. The assumptions on the etymology of the name Italia are very numerous, according to one of the more common explanations, the term Italia, from Latin, Italia, was borrowed through Greek from the Oscan Víteliú, meaning land of young cattle. The bull was a symbol of the southern Italic tribes and was often depicted goring the Roman wolf as a defiant symbol of free Italy during the Social War. Greek historian Dionysius of Halicarnassus states this account together with the legend that Italy was named after Italus, mentioned also by Aristotle and Thucydides. The name Italia originally applied only to a part of what is now Southern Italy – according to Antiochus of Syracuse, but by his time Oenotria and Italy had become synonymous, and the name also applied to most of Lucania as well. The Greeks gradually came to apply the name Italia to a larger region, excavations throughout Italy revealed a Neanderthal presence dating back to the Palaeolithic period, some 200,000 years ago, modern Humans arrived about 40,000 years ago. Other ancient Italian peoples of undetermined language families but of possible origins include the Rhaetian people and Cammuni. Also the Phoenicians established colonies on the coasts of Sardinia and Sicily, the Roman legacy has deeply influenced the Western civilisation, shaping most of the modern world
13.
Sergio Marchionne
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Sergio Marchionne is an Italian-Canadian executive who is currently the CEO of Fiat Chrysler Automobiles, the Chairman of CNH Industrial and the CEO of Ferrari. He is also a member of the Peterson Institute for International Economics as well as Chairman of the Italian Branch of the Council for the United States and Italy. In 2009, he was instrumental in Fiat Group forming an alliance with the ailing US automaker Chrysler, with the support of the US and Canadian governments. Less than two years later, following its emergence from Chapter 11, Chrysler returned to profitability, repaying all government loans, in 2014, Fiat and Chrysler merged into a new holding company, Fiat Chrysler Automobiles, now the seventh-largest automobile manufacturer in the world. Marchionne was born in Chieti, Abruzzo, Italy, the son of Concezio Marchionne, from Cugnoli and his father served as a carabiniere in Istria, where he met his future wife. Marchionnes grandfather, Giacomo Zuccon, was killed in September 1943 by Yugoslav Partisans near Barban in Istria, in 1945, when the region was occupied by the Yugoslav army, Marchionnes parents moved to Chieti in Abruzzo, where Sergio was born. At age 13, Marchionne emigrated with his family to Toronto, Ontario, Canada, as a result, he has dual Canadian and Italian citizenship and speaks fluent English and Italian. He is a Canadian Certified General Accountant, barrister, and a fellow of the Certified General Accountants of Ontario and he attended the prestigious St. Marchionne received an Honorary Doctor of laws degree from Walsh College in 2013. From 1983 to 1985, he worked as an accountant and tax specialist for Deloitte & Touche in Canada, from 1985 to 1988, he was Group Controller and then Director of Corporate Development at the Lawson Mardon Group in Toronto. In 1989, he moved to Glenex Industries where he worked for two years as Executive Vice President, from 1990 to 1992, he was Vice President of Finance and Chief Financial Officer at Acklands Ltd. Between 1992 and 1994, he served as Vice President of Legal and Corporate Development and Chief Financial Officer of the Lawson Group, from 1994 to 2000, he worked at Algroup based in Zurich, where he became Chief Executive Officer in 1997. He then took the helm of the Lonza Group Ltd. in Basel, after its spin-off from Algroup, serving first as Chief Executive Officer and Managing Director and then as Chairman. In February 2002, he became Chief Executive Officer and Managing Director of SGS S. A. of Geneva where, in March 2006, he was appointed Chairman. Marchionne was elected as an independent member of the Board of Directors of Fiat S. p. A. in May 2003, Fiat and Chrysler officially merged under Marchionnes direction on August 1,2014. On 2 November 2011, Marchionne was awarded The Deming Cup 2011 for operational excellence presented by W. Edwards Deming Center at Columbia Business School, on 5 December 2011, The Business Council for International Understanding honored Marchionne with the Dwight D. Marchionne has also earned a reputation for being blunt and outspoken. The only thing that matters to him is results, if you dont deliver, you are out. When Marchionne took over the company, he was firing one manager a day but there was a leadership problem
14.
Sports car
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A sports car is a small, usually two seater, two door automobile designed for spirited performance and nimble handling. According to the Merriam-Webster dictionary, the first known use of the term was in 1928, Sports cars may be spartan or luxurious, but high maneuverability and minimum weight are requisite. The basis for the car is traced to the early 20th century touring cars and roadsters. These raced in rallies, such as the Herkomer Cup, Prinz-Heinrich-Fahrt. These would shortly be joined by the French DFP and the Rolls-Royce Silver Ghost. In 1921, Ballot premiered its 2LS, with a remarkable 75 hp DOHC two liter, designed by Ernest Henry, capable of 150 km/h, at most, one hundred were built in four years and this was followed by the SOHC 2LT and 2LTS. The same year, Benz built a supercharged 28/95PS four for the Coppa Florio, duerkopps Zoller-blown two liter in 1924, as well. There was a clear cleavage by 1925, by the end of the 1920s, AC produced a 2-liter six, the 3. Benz introduced the powerful SS and SSK, and Alfa Romeo, hispano-Suizas Alfonso XIII is considered the first sportcar developed between 1911 and 1914. Two companies would offer really reliable sports cars, Austin with the Seven, the drive train and engine layout significantly influences the handling characteristics of an automobile, and is crucially important in the design of a sports car. The front-engine, rear-wheel-drive layout is common to cars of any era and has survived longer in sports cars than in mainstream automobiles. Examples include the Caterham 7, Mazda MX-5, and the Chevrolet Corvette, more specifically, many such sports cars have a FMR layout, with the centre of mass of the engine between the front axle and the firewall. In search of improved handling and weight distribution, other layouts are sometimes used, the RMR layout is commonly found only in sports cars—the motor is centre-mounted in the chassis, and powers only the rear wheels. Some high-performance sports car manufacturers, such as Ferrari and Lamborghini have preferred this layout, Porsche is one of the few remaining manufacturers using the rear-engine, rear-wheel-drive layout. The motors distributed weight across the wheels, in a Porsche 911, provides excellent traction, Porsche has continuously refined the design and in recent years added electronic driving aids to counteract these inherent design shortcomings. The front-engine, front-wheel-drive layout layout which is the most common in sport compacts and hot hatches, however, its conservative handling effect, particularly understeer, and the fact that many drivers believe rear wheel drive is a more desirable layout for a sports car count against it. The Fiat Barchetta, Saab Sonett, and Berkeley cars are cars with this layout. Before the 1980s few sports cars used four-wheel drive, which had added a lot of weight
15.
1,000,000,000
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1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001. One billion can also be written as b or bn, in scientific notation, it is written as 1 ×109. The SI prefix giga indicates 1,000,000,000 times the base unit, one billion years may be called eon in astronomy and geology. Previously in British English, the word billion referred exclusively to a million millions, however, this is no longer as common as earlier, and the word has been used to mean one thousand million for some time. The alternative term one thousand million is used in the U. K. or countries such as Spain that uses one thousand million as one million million constitutes a billion. The worded figure, as opposed to the figure is used to differentiate between one thousand million or one billion. The term milliard can also be used to refer to 1,000,000,000, whereas milliard is seldom used in English, in the South Asian numbering system, it is known as 100 crore or 1 Arab. 1000000007 – smallest prime number with 10 digits,1023456789 – smallest pandigital number in base 10. 1026753849 – smallest pandigital square that includes 0,1073741824 –2301073807359 – 14th Kynea number. 1162261467 –3191220703125 –513 1232922769- 35113^2 Centered hexagonal number,1234567890 – pandigital number with the digits in order. 1882341361 – The least prime whose reversal is both square and triangular,1977326743 –7112147483647 – 8th Mersenne prime and the largest signed 32-bit integer. 2147483648 –2312176782336 –6122214502422 – 6th primary pseudoperfect number,2357947691 –1192971215073 – 11th Fibonacci prime. 3405691582 – hexadecimal CAFEBABE, used as a placeholder in programming,3405697037 – hexadecimal CAFED00D, used as a placeholder in programming. 3735928559 – hexadecimal DEADBEEF, used as a placeholder in programming,3486784401 –3204294836223 – 16th Carol number. 4294967291 – Largest prime 32-bit unsigned integer,4294967295 – Maximum 32-bit unsigned integer, perfect totient number, product of the five prime Fermat numbers. 4294967296 –2324294967297 – the first composite Fermat number,6103515625 –5146210001000 – only self-descriptive number in base 10. 6975757441 –1786983776800 – 15th colossally abundant number, 15th superior highly composite number 7645370045 – 27th Pell number,8589934592 –2339043402501 – 25th Motzkin number. 9814072356 – largest square pandigital number, largest pandigital pure power,9876543210 – largest number without redundant digits
16.
Earnings before interest and taxes
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In accounting and finance, earnings before interest and taxes, is a measure of a firms profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses, when a firm does not have non-operating income, then operating income is sometimes used as a synonym for EBIT and operating profit. To calculate EBIT, expenses are subtracted from revenues, net income is later obtained by subtracting interest and taxes from the result
17.
Net income
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In business, net income is an entitys income minus cost of goods sold, expenses and taxes for an accounting period. In the context of the presentation of financial statements, the IFRS Foundation defines net income as synonymous with profit, net income is a distinct accounting concept from profit but the same as net profit. Net income can also be calculated by adding a companys operating income to non-operating income, net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings. As profit and earnings are used synonymously for income, net earnings, often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is called the bottom line because it is typically found on the last line of a companys income statement. The items deducted will typically include tax expense, financing expense, likewise, preferred stock dividends will be subtracted too, though they are not an expense. For a merchandising company, subtracted costs may be the cost of goods sold, sales discounts, for a product company advertising, manufacturing, and design and development costs are included
18.
Asset
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In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value, simply stated, assets represent value of ownership that can be converted into cash. The balance sheet of a firm records the value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business, one can classify assets into two major asset classes, tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets, current assets include inventory, while fixed assets include such items as buildings and equipment. Intangible assets are resources and rights that have a value to the firm because they give the firm some kind of advantage in the marketplace. Examples of intangible assets include goodwill, copyrights, trademarks, patents and computer programs, an asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. One of the most widely accepted accounting definitions of asset is the one used by the International Accounting Standards Board, employees are not considered assets like machinery is, even though they can generate future economic benefits. This is because an entity does not have sufficient control over its employees to satisfy the Frameworks definition of an asset, similarly, in economics an asset is any form in which wealth can be held. The accounting equation is the structure of the balance sheet. It relates assets, liabilities, and owners equity, Assets = Liabilities + Capital Liabilities = Assets − Capital Equity = Assets − Liabilities Assets are listed on the balance sheet. On a companys balance sheet certain divisions are required by generally accepted accounting principles, Assets can be divided into e. g. current assets and fixed assets, often with further subdivisions such as cash, receivables and inventory. Assets are formally controlled and managed within larger organizations via the use of asset tracking tools and these monitor the purchasing, upgrading, servicing, licensing, disposal etc. of both physical and non-physical assets. Current assets are cash and other assets expected to be converted to cash or consumed either in a year or in the operating cycle and these assets are continually turned over in the course of a business during normal business activity. There are 5 major items included into current assets, Cash and cash equivalents – it is the most liquid asset, which includes currency, deposit accounts, short-term investments – include securities bought and held for sale in the near future to generate income on short-term price differences. Receivables – usually reported as net of allowance for non-collectable accounts, inventory – trading these assets is a normal business of a company. The inventory value reported on the sheet is usually the historical cost or fair market value. This is known as the lower of cost or market rule, prepaid expenses – these are expenses paid in cash and recorded as assets before they are used or consumed
19.
Equity (finance)
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In accounting, equity is the difference between the value of the assets and the value of the liabilities of something owed. Equity can be negative if liabilities exceeds assets, shareholders equity represents the equity of a company as divided among shareholders of common or preferred stock. Negative shareholders equity is often referred to as a shareholders deficit, alternatively, equity can also refer to the capital stock of a corporation. The value of the stock depends on the future economic prospects. For a company in liquidation proceedings, the equity is that which remains after all liabilities have been paid, when starting a business, the owners fund the business to finance various operations. Throughout the businesss existence, the equity of the business will be the difference between its assets and debt liabilities, this is the accounting equation, when a business liquidates during bankruptcy, the proceeds from the assets are used to reimburse creditors. The creditors are ranked by priority, with secured creditors being paid first, other creditors being paid next, owners equity is this remaining or residual claim against assets, which is paid only after all other creditors are paid. In such cases where even creditors could not get money to pay their bills. In financial accounting, owners equity consists of the net assets of an entity, net assets is the difference between the total assets and total liabilities. Equity appears on the sheet, one of the four primary financial statements. The assets of an entity can be tangible and intangible items. Intangible assets include such as brand names, copyrights or goodwill. Tangible assets include land, equipment, and cash, issue of new equity in which the firm obtains new capital increases the total shareholders equity. Share repurchases, in which a firm returns money to investors, reducing on the side its financial assets. For practical purposes, share repurchasing is similar to a dividend payment, rather than giving money to all shareholders immediately in the form of a dividend payment, a share repurchase reduces the number of shares outstanding. Dividends paid out to preferred stock owners are considered an expense to be subtracted from net income, sometimes assets bought and held in other countries get translated back into the reporting currency at different exchange rates, resulting in a changed value. When the owners are shareholders, the interest can be called shareholders equity, the remains the same. If all shareholders are in one and the class, they share equally in ownership equity from all perspectives
20.
Exor (company)
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Exor N. V. is a leading investment company, controlled by the Agnelli family. It has a capitalization of over US$13 billion, with a history of running over a century. Its principal investments include Fiat Chrysler Automobiles, CNH Industrial and Ferrari, resultantly, Exor is first as an economic group in Italy for sales volume, and the 19th in the world. Declared shareholdings as of March 2016, Main Exor N. V, in 1963 it extended its operations to the banking system and changed its name to Istituto Bancario Italiano Laniero. IFI gained holdings in numerous firms over the decades, including Unicem and 3M, IFI listed preference shares on the Borsa Italiana in 1968. A reorganisation of the Agnelli familys holdings in 2008 led to the merger of IFI and IFIL to create Exor, the family firm Giovanni Agnelli B. V. owns 52. 99% of the share capital. Exor is ranked 19th richest company according to the 2015 Fortune Global 500 list, in 2015 Exor bought PartnerRe with a bid of $140 per share. Originally it had offered $130 per share and in response Axis Re offered $120.31 per share in paper plus $11.50 in a pre-closing dividend. On August 12,2015, the announced that Exor will purchase three-fifths of the Economist Group shares currently owned by Pearson PLC. Exor held shares in the Economist Group prior to this purchase and this is considered to be the most important change to The Economists shareholding structure in almost 90 years. Pearson PLC which also owns the Financial Times has had a non-controlling 50% stake in the Economist Group since 1928, the Economist Group will buy back the remained two-fifths of Pearson shares
21.
Scuderia Ferrari
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Scuderia Ferrari S. p. A. competing as Scuderia Ferrari is the official name of the racing division of luxury Italian auto manufacturer, Ferrari, and competes in Formula One racing. It is the oldest surviving and most successful Formula One team, the team was founded by Enzo Ferrari, initially to race cars produced by Alfa Romeo, though by 1947 Ferrari had begun building its own cars. As a constructor, Ferrari has a record 16 Constructors Championships, Alberto Ascari, Juan Manuel Fangio, Mike Hawthorn, Phil Hill, John Surtees, Niki Lauda, Jody Scheckter, Michael Schumacher and Kimi Räikkönen have won a record 15 Drivers Championships for the team. Since Räikkönens title in 2007 the team narrowly lost out on the 2008 drivers title with Felipe Massa, Schumacher is the teams most successful driver. Joining the team in 1996 and departing in 2006 he won five titles and 72 Grands Prix for the team. His titles came consecutively between 2000 and 2004, including the constructors title of 1999 consecutively being won until the end of 2004, this was the teams most successful period. Currently, World Champions Kimi Räikkönen and Sebastian Vettel are the two race drivers. The team is known for its passionate support base known as the tifosi. The Italian Grand Prix at Monza is regarded as the home race. The Scuderia Ferrari team was founded by Enzo Ferrari on 16 November 1929 and became the team of Alfa Romeo. In 1938, Alfa Romeo management made the decision to enter racing under its own name, establishing the Alfa Corse organisation, Enzo Ferrari disagreed with this change in policy and was finally dismissed by Alfa in 1939. The terms of his leaving forbade him from motorsport under his own name, in 1939 Ferrari started work on a racecar of his own, the Tipo 815. The 815s, designed by Alberto Massimino, were thus the first Ferrari cars, World War II put a temporary end to racing, and Ferrari concentrated on an alternative use for his factory during the war years, doing machine tool work. After the war, Ferrari recruited several of his former Alfa colleagues and established a new Scuderia Ferrari, the team owns and operates a test track on the same site, the Fiorano Circuit built in 1972, which is used for testing road and race cars. The team is named after its founder, Enzo Ferrari, Scuderia is Italian for a stable reserved for racing horses and is also commonly applied to Italian motor racing teams. In 1947 Ferrari constructed the 12-cylinder,1.5 L Tipo 125, a Formula One version of the Tipo 125, the Ferrari 125 F1 was developed in 1948 and entered in several Grand Prix, at the time a World Championship had not yet been established. In 1950, the Formula One World Championship was established, and it is the only team to have competed in every season of the World Championship, from its inception to the current day. The company later switched to the large-displacement naturally aspirated formula for the 275,340, after the 1951 Formula One season the Alfa team withdrew from F1, causing the authorities to adopt the Formula Two regulations due to the lack of suitable F1 cars
22.
Luxury vehicle
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Luxury vehicle is a marketing term for a vehicle that provides luxury — pleasant or desirable features beyond strict necessity — at increased expense. The term is also broad, highly variable and relative and it is a perceptual, conditional and subjective attribute that may be comprehended differently by different people, What is a luxury car to some. Therefore, automakers differentiate among their product lines in collusion with the car-buying public, while a high price is the most frequent factor, it is styling, engineering, and even public opinion which cars had the highest and lowest status associated with them. Every era in history has had a group of car marques and models that have been expensive to purchase, due to their alleged superiority of their design. Aimed at wealthy buyers, such automobiles might be generically termed luxury cars and this term is also used for unique vehicles produced during an era when luxury was individualistic consideration, and coachwork could be tailored to an owner like a bespoke suit. Although there is literature about specific marques, there is a lack of systematic. Luxury vehicle makers may either be stand-alone companies in their own right, such as BMW and Mercedes-Benz, badge engineering is often used for cost savings, for example, the Lincoln vehicles that are based on Ford platforms or Acura models derived from Honda. Though widely used, the term luxury is broad and highly variable and it is a perceptual, conditional and subjective attribute and may be understood differently by different people, What is a luxury car to some. According to the European Commission, the luxury segment is classified as F-segment. However, the boundaries between the segments are increasingly becoming blurred and diluted as features once exclusive to luxury vehicles become standard equipment on even small cars. ACRISS is a system used by many car rental companies in the US for classifying vehicles. The system includes Luxury and Premium categories, Australia, In Australia, for taxation purposes a luxury car is defined as a passenger car whose value exceeds a certain threshold. France, In France the term voiture de luxe is used, Germany, In Germany the term Upper class is used. Russia, Russian markets use the term representative class vehicle, the classification varies, for instance Consumer Guide Automotive in the U. S. The premium compact segment is targeted at a market of consumers who found the existing entry-level luxury offerings to be too expensive. By offering a smaller, lighter, more fuel-efficient, and less expensive vehicle, premium compacts introduces younger buyers to the luxury marque, in hopes of retaining the coveted customer loyalty. This includes the Acura CSX, Audi A3, Buick Verano, BMW2 Series, BMW i3, Cadillac ELR, Chrysler 200, Lexus CT, Mercedes-Benz CLA-Class, Mercedes-Benz B-Class, Saab 9-2X, and the Volvo V40. Premium compacts compete with well-equipped midsize cars, and with options they overlap much with compact executive cars, Premium compacts may share components with mass market cars from the marques parent company, and/or have less sophisticated platforms compared to upmarket vehicles in the lineup
23.
Manufacturing
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Manufacturing is the value added to production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation. Manufacturing engineering or manufacturing process are the steps through which raw materials are transformed into a final product, the manufacturing process begins with the product design, and materials specification from which the product is made. These materials are modified through manufacturing processes to become the required part. Manufacturing takes turns under all types of economic systems, in a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more directed by the state to supply a centrally planned economy. In mixed market economies, manufacturing occurs under some degree of government regulation, modern manufacturing includes all intermediate processes required the production and integration of a products components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead, the manufacturing sector is closely connected with engineering and industrial design. Examples of major manufacturers in North America include General Motors Corporation, General Electric, Procter & Gamble, General Dynamics, Boeing, Pfizer, examples in Europe include Volkswagen Group, Siemens, and Michelin. Examples in Asia include Sony, Huawei, Lenovo, Toyota, Samsung, in its earliest form, manufacturing was usually carried out by a single skilled artisan with assistants. In much of the world, the guild system protected the privileges. Before the Industrial Revolution, most manufacturing occurred in rural areas, entrepreneurs organized a number of manufacturing households into a single enterprise through the putting-out system. Toll manufacturing is an arrangement whereby a first firm with specialized equipment processes raw materials or semi-finished goods for a second firm, manufacturing provides important material support for national infrastructure and for national defense. On the other hand, most manufacturing may involve significant social and environmental costs, the clean-up costs of hazardous waste, for example, may outweigh the benefits of a product that creates it. Hazardous materials may expose workers to health risks and these costs are now well known and there is effort to address them by improving efficiency, reducing waste, using industrial symbiosis, and eliminating harmful chemicals. The negative costs of manufacturing can also be addressed legally, developed countries regulate manufacturing activity with labor laws and environmental laws. Across the globe, manufacturers can be subject to regulations and pollution taxes to offset the costs of manufacturing activities. Labor unions and craft guilds have played a role in the negotiation of worker rights. Environment laws and labor protections that are available in developed nations may not be available in the third world, tort law and product liability impose additional costs on manufacturing
24.
Alfa Romeo
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Alfa Romeo Automobiles S. p. A. is an Italian car manufacturer, founded as A. L. F. A. on 24 June 1910, in Milan. The brand is known for sporty vehicles and has involved in car racing since 1911. The company was owned by Italian state holding company Istituto per la Ricostruzione Industriale between 1932 and 1986, when it became a part of the Fiat group, in February 2007, the Alfa Romeo brand became Alfa Romeo Automobiles S. p. A. A subsidiary of Fiat Group Automobiles, now Fiat Chrysler Automobiles Italy, the company that became Alfa Romeo was founded as Società Anonima Italiana Darracq in 1906 by the French automobile firm of Alexandre Darracq, with Italian investors. In late 1909, the Italian Darracq cars were selling slowly, on 24 June 1910, a new company was founded named A. L. F. A. Initially still in partnership with Darracq, the first non-Darracq car produced by the company was the 191024 HP, designed by Merosi. Ventured into motor racing, with drivers Franchini and Ronzoni competing in the 1911 Targa Florio with two 24-hp models. In August 1915, the company came under the direction of Neapolitan entrepreneur Nicola Romeo, in 1920, the name of the company was changed to Alfa Romeo with the Torpedo 20-30 HP the first car to be so badged. In 1921, the Banca Italiana di Sconto, which backed the Ing, Nicola Romeo & Co, went broke and the government needed to support the industrial companies involved, among which was Alfa Romeo, through the Consorzio per Sovvenzioni sui Valori Industriali. In 1925, the activities were separated from the Romeo company. In 1933, the ownership was reorganized under the banner of the Istituto per la Ricostruzione Industriale by Benito Mussolinis government. The company struggled to return to profitability after the Second World War, in 1954, it developed the Alfa Romeo Twin Cam engine, which would remain in production until 1994. Alfa Romeo has competed successfully in Grand Prix motor racing, Formula One, sportscar racing, touring car racing and it has competed both as a constructor and an engine supplier, via works entries, and private entries. The first racing car was made in 1913, three years after the foundation of the company, and Alfa Romeo won the world championship for Grand Prix cars in 1925. The company gained a name in motorsport, which gave a sporty image to the whole marque. Enzo Ferrari founded the Scuderia Ferrari racing team in 1929 as an Alfa Romeo racing team and it holds the worlds title of the most wins of any marque in the world. The companys name is a combination of the name, A. L. F. A. and the last name of entrepreneur Nicola Romeo. The company that became Alfa Romeo was founded as Società Anonima Italiana Darracq in 1906 by the French automobile firm of Alexandre Darracq, One of them, Cavaliere Ugo Stella, an aristocrat from Milan, became chairman of the SAID in 1909
25.
Auto Avio Costruzioni 815
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The Auto Avio Costruzioni 815 was the first car to be fully designed and built by Enzo Ferrari. Legal issues with former associates Alfa Romeo prevented Ferrari from creating the Ferrari marque, the 815 raced at the 1940 Brescia Grand Prix, where both entries failed to finish due to engine problems. One of the cars was later scrapped, while the other is currently in a car collection in Italy, in 1938, Ferrari left Alfa Romeo after running Scuderia Ferrari as their racing division. The agreement ending their association forbade Ferrari from restarting Scuderia Ferrari within the four years. The race, a successor to the Mille Miglia, was to be run in April 1940, the resulting car was named the AAC Tipo 815. The 815 was designed and developed by ex-Alfa Romeo engineers Alberto Massimino and Vittorio Bellentani, the designation 815 was based on the cars eight-cylinder,1.5 L engine. This engine was based on the four-cylinder,1.1 L engine of the 508 C Balilla 1100. The engine used Fiat valve gear, cylinder heads, and connecting rods, the engine was high-tech for the time, with a single overhead camshaft, two valves per cylinder, and a semi-dry sump lubrication system. Four Weber 30DR2 carburettors were specified for an output of 75 hp at 5500 rpm. The 815 used a Fiat four-speed transmission with the Fiat gears replaced by gears made in-house by AAC, the transmission was integral to the engine block. The car had independent Dubonnet suspension with shock absorber at front, with a live axle on semi-elliptic leaf springs. The bodywork was done by Carrozzeria Touring using Itallumag 35, an aluminium/magnesium alloy, the complete car weighed 625 kg and attained a maximum speed close to 170 km/h. Two 815s, numbers 020 and 021, were completed and entered in the 1940 Brescia Grand Prix, Rangoni and Nardi raced in 020, while Ascari and Giuseppe Minozzi raced in 021. After leading the 1500 cc class in the first lap, Ascaris car developed valve problems, Rangoni then took the lead, set the lap record for the class, and had a lead of more than half an hour when his engine failed after seven laps. Lotario Rangoni died during the Second World War and his brother, Rolando, the car was scrapped in 1958. 021, was sold to racer Enrico Beltracchini who raced it in 1947, after selling the car to a museum and then buying it back, Beltracchini sold it again to Mario Righini. As at 2006, Type 815 no.021 was still in Righinis collection, media related to Auto Avio Costruzioni 815 at Wikimedia Commons
26.
Brand Finance
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Brand Finance is an independent branded business valuation consultancy. It advises strongly branded organisations, or those with valuable assets, on how to maximise their value through effective management of their brand. Brand Finance has been certified with ISO10668,2010, Brand Finance was founded in 1996 by David Haigh, who qualified as a Chartered Accountant with Price Waterhouse in London. Prior to setting up Brand Finance, he was the Director of Interbrand’s global brand valuation practice in London, Brand Finance opened its first international offices in the USA, Singapore and Australia in 2000 and now has a global network of offices and partners in 20 countries worldwide. ISO10668 specifies three alternative brand valuation approaches - the Market, Cost and Income Approaches, the purpose of the brand valuation, the premise or basis of value and the characteristics of the subject brand dictate which primary approach should be used to calculate its value. For its annual league tables of the most valuable brands, Brand Finance employs a Royalty Relief methodology when calculating the value of a brand. The Royalty Relief approach is based on the assumption that if a company did not own the trademarks that it exploits, ownership therefore ‘relieves’ the company from paying a license fee for the use of the third party trademarks. This is held to represent the brand value, the brand rating is calculated using Brand Finances ßrandßeta® analysis which benchmarks the strength, risk and potential of a brand, relative to its competitors, on a scale ranging from AAA to D. It is conceptually similar to a credit rating, the data used to calculate the ratings comes from various sources including Bloomberg, annual reports, client-commissioned research and Brand Finance internal research. Each year Brand Finance produces a number of Brand League tables and they launch many of these in conjunction with industry leading publications. The BrandFinance® Banking 500 is published in The Banker magazine, Brandirectory is an online encyclopaedia of brands where financial results, visual identities, trademark histories and the latest marketing news is to be compiled and shared. The Brand Finance Institute is the education and training division of Brand Finance plc in which theoretical and practical issues surrounding brands are explored, Brand Finance Website Brandirectory Website Brand Finance Forum Website BrandGenius Website VI360 Website
27.
Ferrari 250 GTO
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The Ferrari 250 GTO is a GT car produced by Ferrari from 1962 to 1964 for homologation into the FIAs Group 3 Grand Touring Car category. It was powered by Ferraris Tipo 168/62 V12 engine, the 250 in its name denotes the displacement in cubic centimeters of each of its cylinders, GTO stands for Gran Turismo Omologato, Italian for Grand Touring Homologated. Just 39250 GTOs were manufactured between 1962 and 1964 and this includes 33 cars with 1962-63 bodywork, three with 1964 bodywork similar to the Ferrari 250 LM, and three 330 GTO specials with a larger engine. Four of the older 1962-1963 cars were updated in 1964 with Series II bodies, when new, the GTO cost $18,000 in the United States, with buyers personally approved by Enzo Ferrari and his dealer for North America, Luigi Chinetti. In May 2012 the 1962250 GTO made for Stirling Moss set a record selling price of $38,115,000. In October 2013, Connecticut-based collector Paul Pappalardo sold chassis number 5111GT to a buyer for a new record of around $52 million. In 2004, Sports Car International placed the 250 GTO eighth on a list of Top Sports Cars of the 1960s, similarly, Motor Trend Classic placed the 250 GTO first on a list of the Greatest Ferraris of All Time. Popular Mechanics named it the Hottest Car of All Time, the 250 GTO was designed to compete in GT racing, where its rivals would include the Shelby Cobra, Jaguar E-Type and Aston Martin DP214. The development of the 250 GTO was headed by chief engineer Giotto Bizzarrini, although Bizzarrini is usually credited as the designer of the 250 GTO, he and most other Ferrari engineers were fired in 1962 due to a dispute with Enzo Ferrari. Further development of the 250 GTO was overseen by new engineer Mauro Forghieri, the design of the car was a collaborative effort and cannot be ascribed to a single person. The mechanical aspects of 250 GTO were relatively conservative at the time of its introduction, using engine, the chassis of the car was based on that of the 250 GT SWB, with minor differences in frame structure and geometry to reduce weight, stiffen and lower the chassis. The car was built around a hand-welded oval tube frame, incorporating A-arm front suspension, rear live-axle with Watts linkage, disc brakes, the engine was the race-proven Tipo 168/62 Comp. 3.0 L V12 as used in the 250 Testa Rossa Le Mans winner, an all-alloy design utilizing a dry sump and six 38DCN Weber carburetors, it produced approximately 300 horsepower. The gearbox was a new 5-speed unit with Porsche-type synchromesh, Bizzarrini focused his design effort on the cars aerodynamics in an attempt to improve top speed and stability. The body design was informed by wind tunnel testing at Pisa University as well as road, the resulting all-aluminium bodywork had a long, low nose, small radiator inlet, and distinctive air intakes on the nose with removable covers. Early testing resulted in the addition of a rear spoiler, the underside of the car was covered by a belly pan and had an additional spoiler underneath formed by the fuel tank cover. The aerodynamic design of the 250 GTO was a technical innovation compared to previous Ferrari GT cars. The bodies were constructed by Scaglietti, with the exception of early prototypes with bodies constructed in-house by Ferrari or by Pininfarina, Cars were produced in many colours, with the most famous being the bright red Rosso Cina
28.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
29.
Craig McCaw
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Craig McCaw is an American businessman and entrepreneur, a pioneer in the cellular phone industry. He is the founder of McCaw Cellular and Clearwire Corporation, Craig is the second of four sons of Marion and John Elroy McCaw. McCaws father was a magnate and owner of Gotham Broadcasting Corporation. WINS which became one of the first stations to play rock, alan Freed was the earliest famous personality disc jockey on the show. McCaws father was in the business of buying and selling TV and radio stations, Elroy entered the cable television business in the 1960s, and his four sons worked as linemen and door-to-door salesmen. When Elroy died, the company not sold to repay the debt was the small Centralia cable company with estimated 2,000 to 4,000 subscribers. During his senior year at Stanford, Craig took the helm of the cable company and he used the cash flows from his growing cable company to purchase other remote cable companies, resulting in a profitable conglomerate. By the 1980s, McCaw Cablevision was the 20th largest cable carrier in the US, when the FCC held a lottery for cellular licenses in the early 1980s, many ordinary Americans got rich by winning the right to establish cellular systems in cities across America. In addition to entering the lottery himself, McCaw approached many other winners and bought their cellular rights. Using the same tactic hed used in cable TV, McCaw financed an aggressive expansion by borrowing against. After acquiring MCIs cellular wing in 1986, the McCaw brothers sold the company to Cooke Cablevision. The combined cellular operation was a significant player in the field, in 1990, McCaw was the highest paid CEO in the US. In 1994, the McCaw brothers sold McCaw Cellular to AT&T Corporation for $11.5 billion, the company was renamed AT&T Wireless. AT&T Wireless was sold to Cingular in 2004 to become the nations largest wireless carrier, following the sale of McCaw Cellular, McCaw took interest in Nextel, a then-floundering wireless carrier. By April 1995 McCaw gained effective control of the company contributing, along with his brothers, within four years Nextel grew significantly to become a challenging wireless competitor, servicing 3.6 million customers throughout the U. S. and ten of the largest international markets. In 1999 McCaw formed Nextel Partners, Inc. which was acquired by Sprint Nextel, Inc. for $6.5 billion in 2006. Later that same year, McCaw founded NEXTLINK Communications, planning to enter the broadband, in 2000, the company merged with Concentric Network and was renamed XO Communications. The company filed for protection in 2002
30.
Fiat S.p.A.
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The Fiat Group contained many brands such as Ferrari, Maserati, Fiat, Alfa Romeo, the Chrysler Group, and many more. On 29 January 2014, it was announced that Fiat S. p. A. was to be merged into a new Netherlands-based holding company Fiat Chrysler Automobiles NV, Fiat Chrysler Automobiles became the new owner of Fiat Group. On 1 August 2014, Fiat S. p. A. received necessary shareholder approval to proceed with the merger, the merger became effective 12 October 2014. Fiat was founded in 1899 by a group of investors, including Giovanni Agnelli, during its more than century-long history, Fiat has also manufactured railway engines and carriages, military vehicles, farm tractors, and aircraft. In 2013, Fiat was the second largest European automaker by volumes produced, and the seventh in the world ahead of Honda, PSA Peugeot Citroën, Suzuki, Renault, and Daimler AG. Fiat Group currently produces vehicles under twelve brands, Abarth, Alfa Romeo, Chrysler, Dodge, Ferrari, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Ram Trucks, and SRT. In 1970, Fiat employed more than 100,000 in Italy when its production reached the highest number,1.4 million cars, in that country. As of 2002, Fiat built more than 1 million vehicles at six plants in Italy, fiat-brand cars are built in several locations around the world. Outside Italy, the largest country of production is Brazil, where the Fiat brand is the market leader, the group also has factories in Argentina, Poland and Mexico and a long history of licensing manufacture of its products in other countries. It also has alliances and joint ventures around the world. He was succeeded briefly by Paolo Fresco, who served as chairman, Umberto Agnelli then took over as chairman from 2003 to 2004. After Umberto Agnellis death on 28 May 2004, Luca Cordero di Montezemolo was named chairman, with Agnelli heir John Elkann becoming vice chairman, on 1 June 2004, Giuseppe Morchio was replaced by Sergio Marchionne as CEO. Giovanni Agnelli, with investors, founded the Fabbrica Italiana Automobili Torino società per azioni. Its acronymous name was changed to upper- and lower-case Fiat in 1906, Agnelli led the company until his death in 1945, while Vittorio Valletta administered the firms daily activities. Its first car the 3 ½ CV strongly resembled contemporary Benz, in 1903, Fiat produced its first truck. In 1908, the first Fiat was exported to the US and that same year, the first Fiat aircraft engine was produced. Also around the time, Fiat taxis became popular in Europe. By 1910, Fiat was the largest automotive company in Italy—a position it has retained since and that same year, a new plant was built in Poughkeepsie, NY, by the newly founded American F. I. A. T
31.
Fiat Chrysler Automobiles
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Fiat Chrysler Automobiles NV, also known as FCA, is an Italian-controlled multinational corporation incorporated in the Netherlands. And currently the world’s seventh-largest auto maker, the group was established in late 2014 by merging Fiat S. p. A. into a new holding company, Fiat Chrysler Automobiles N. V. which is incorporated in the Netherlands for tax purposes. The holding company is listed on the New York Stock Exchange, exor S. p. A, an Italian investment group owned by the Agnelli family, owns 29. 19% of FCA and controls 44. 31% through a loyalty voting mechanism. FCA’s mass-market brands operates through two main subsidiaries, FCA Italy and FCA US, the company’s portfolio includes many well-known automotive names including Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram Trucks, Abarth, Mopar and SRT. FCA also owns Maserati, Comau, Magneti Marelli, and Teksid, today FCA operates in four regions. The CEO and executive management including twenty-two employees work between Auburn Hills, Michigan and Turin, Italy, FCA carries out its mass-market automotive operations through two main subsidiaries, FCA Italy and FCA US. Both name changes were announced in December 2014, FCA Italy includes the Italian-based brands that include Abarth, Alfa Romeo, Fiat, Fiat Professional, Lancia and the engine manufacturing subsidiary VM Motori. FCA US includes the American-based brands that include Chrysler, Dodge, Jeep, other companies include luxury car and components manufacturers as well as firms working on production automation and metal foundry. Other joint ventures and subsidiaries are undertaken via the FCA Italy, FCA also operates in the print media and advertising fields through its Italiana Editrice subsidiary and an interest in RCS Media Group. In January 2016, Ferrari became an independent company, after FCA listed 10% of the company on the NYSE in October 2015, the integration between Fiat and Chrysler dates back to 2009 after Chrysler filed for Chapter 11 bankruptcy reorganization on 30 April 2009. On 10 June 2009, Chrysler emerged from the proceedings with the United Auto Workers pension fund, Fiat. Overall, to acquire Chrysler cost Fiat US$4.9 billion, on 29 January 2014 Fiat announced a reorganization and intended merger into a new holding company. Fiat S. p. A. merged into FCA on 12 October 2014 following approval of the board on 15 June 2014, on 29 October 2014 the group announced the intention to separate Ferrari S. p. A. from FCA. The transaction was completed on 3 January 2016, on July 14,2015, Fiat Chrysler Automobiles NV chief executive Sergio Marchionne and Dennis Williams, President of the United Auto Workers entered into negotiations on July 14,2015. As negotiations between the UAW and Detroit Three automakers began, Marchionne leaned in to embrace Williams in a hug seen round the world, on May 6,2014, Fiat Chrysler Automobiles announced its 5-year business plan. The Group updated its business plan targets in January 2016 at the time FY2015 were announced, much of the global growth will be focused around Jeep, due to its high visibility globally as well as the growing SUV market in developing markets. Chrysler will be re-positioned as the companys mainstream North American brand to compete with Ford, Chevrolet, Toyota, and Volkswagen, while Dodge will focus on performance-based vehicles. Alfa Romeo will become the premium marque to compete with Mercedes-Benz, BMW
32.
Initial public offering
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Through this process, a privately held company transforms into a public company. Initial public offerings are used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors. A company selling shares is never required to repay the capital to its public investors, after the IPO, when shares trade freely in the open market, money passes between public investors. The IPO process is known as going public. Details of the offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter, underwriters provide several services, including help with correctly assessing the value of shares and establishing a public market for shares. Alternative methods such as the dutch auction have also been explored, in terms of size and public participation, the two most notable examples of this method is the Google IPO and Snapchats parent company Snap Inc. China has recently emerged as a major IPO market, with several of the largest IPOs taking place in that country, the earliest form of a company which issued public shares was the case of the publicani during the Roman Republic. Like modern joint-stock companies, the publicani were legal bodies independent of their members whose ownership was divided into shares, there is evidence that these shares were sold to public investors and traded in a type of over-the-counter market in the Forum, near the Temple of Castor and Pollux. The shares fluctuated in value, encouraging the activity of speculators, mere evidence remains of the prices for which partes were sold, the nature of initial public offerings, or a description of stock market behavior. Publicanis lost favor with the fall of the Republic and the rise of the Empire, the first modern IPO occurred in March 1602 when the Dutch East India Company offered shares of the company to the public in order to raise capital. All the shares were tradable, and the shareholders received receipts for the purchase, a share certificate documenting payment and ownership such as we know today was not issued but ownership was instead entered in the companys share register. In the United States, the first IPO was the offering of Bank of North America around 1783. An IPO, therefore, allows a company to tap into a pool of potential investors to provide itself with capital for future growth, repayment of debt. A company selling shares is never required to repay the capital to its public investors. Those investors must endure the unpredictable nature of the market to price. After the IPO, when shares trade freely in the open market, for early private investors who choose to sell shares as part of the IPO process, the IPO represents an opportunity to monetize their investment. This type of offering is not dilutive, since no new shares are being created, once a company is listed, it is able to issue additional common shares in a number of different ways, one of which is the follow-on offering
33.
Common share
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Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently in other parts of the world and they are known as Equity shares or Ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and it is called common to distinguish it from preferred stock. In the event of bankruptcy, common stock investors receive any remaining funds after bondholders, creditors, as such, common stock investors often receive nothing after a liquidation bankruptcy Chapter 7. Common stockholders can also earn money through capital appreciation, Common shares may perform better than preferred shares or bonds over time, in part to accommodate the increased risk. Shareholder rights are more conceptual than technical or factual and their most common source is in the statutory and case law of the jurisdiction in which the company was formed. Some shareholders elect to enter into shareholder agreements that create new rights among the shareholders, some common stock shares have voting rights on certain matters, such as electing the board of directors. In practice, its questionable whether or not such actions can be organized or ruled in their favor, common/Equity stock is classified to differentiate it from preferred stock. Each is considered a class of stock, with different series of each issued from time to such as Series B Preferred Stock. Nevertheless, using Class B Common Stock is a label for a super-voting series of common stock. Capital surplus Equity Share capital Shares authorized Shares issued Shares outstanding Treasury stock Common Stock vs. Preferred Stock
34.
Auto racing
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Auto racing is a sport involving the racing of automobiles for competition. Almost as soon as automobiles had been invented, races of various sorts were organised, by the 1930s specialist racing cars had developed. There are now numerous different categories, each with different rules and it was won by the carriage of Isaac Watt Boulton. Internal combustion auto racing events began soon after the construction of the first successful gasoline-fueled automobiles, the first organized contest was on April 28,1887, by the chief editor of Paris publication Le Vélocipède, Monsieur Fossier. It ran 2 kilometres from Neuilly Bridge to the Bois de Boulogne, on July 22,1894, the Parisian magazine Le Petit Journal organized what is considered to be the worlds first motoring competition, from Paris to Rouen. One hundred and two competitors paid a 10-franc entrance fee, the first American automobile race is generally held to be the Thanksgiving Day Chicago Times-Herald race of November 28,1895. Press coverage of the event first aroused significant American interest in the automobile, brooklands, in Surrey, was the first purpose-built motor racing venue, opening in June 1907. It featured a 4.43 km concrete track with high-speed banked corners, One of the oldest existing purpose-built automobile racing circuits in the United States, still in use, is the 2. 5-mile -long Indianapolis Motor Speedway in Speedway, Indiana. It is the largest capacity venue of any variety worldwide, with a top capacity of some 257. NASCAR was founded by Bill France, Sr. on February 21,1948, the first NASCAR Strictly Stock race ever was held on June 19,1949, at Daytona Beach, Florida. From 1962, sports cars temporarily took a seat to GT cars. From 1972 through 2003, NASCARs premier series was called the Winston Cup Series, the changes that resulted from RJRs involvement, as well as the reduction of the schedule from 48 to 31 races a year, established 1972 as the beginning of NASCARs modern era. The IMSA GT Series evolved into the American Le Mans Series, the European races eventually became the closely related Le Mans Series, both of which mix prototypes and GTs. The best-known variety of racing, Formula One, which hosts the famous Monaco Grand Prix. In single-seater, the wheels are not covered, and the cars often have aerofoil wings front, in Europe and Asia, open-wheeled racing is commonly referred to as Formula, with appropriate hierarchical suffixes. In North America, the Formula terminology is not followed, the sport is usually arranged to follow an international format, a regional format, and/or a domestic, or country-specific, format. In North America, the used in the National Championship have traditionally been similar though less sophisticated than F1 cars. The series most famous race is the Indianapolis 500, the other major international single-seater racing series is GP2
35.
Formula One
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Formula One is the highest class of single-seat auto racing that is sanctioned by the Fédération Internationale de lAutomobile. The FIA Formula One World Championship has been the form of racing since the inaugural season in 1950. The formula, designated in the name, refers to a set of rules, the F1 season consists of a series of races, known as Grands Prix, held worldwide on purpose-built F1 circuits and public roads. The results of each race are evaluated using a system to determine two annual World Championships, one for drivers, one for constructors. The racing drivers are required to be holders of valid Super Licences, the races are required to be held on tracks graded 1, the highest grade a track can receive by the FIA. Most events are held in locations on purpose-built tracks, but there are several events in city centres throughout the world. Formula One cars are the fastest road racing cars in the world. Formula One cars race at speeds of up to approximately 375 km/h with engines currently limited in performance to a maximum of 15,000 RPM, the cars are capable of lateral acceleration in excess of five g in corners. The performance of the cars is very dependent on electronics – although traction control and other driving aids have been banned since 2008 – and on aerodynamics, suspension, the formula has radically evolved and changed through the history of the sport. F1 had a global television audience of 425 million people during the course of the 2014 season. Grand Prix racing began in 1906 and became the most popular internationally in the second half of the twentieth century. The Formula One Group is the holder of the commercial rights. Its high profile and popularity have created a major merchandising environment, since 2000 the sports spiraling expenditures and the distribution of prize money favoring established top teams have forced complaints from smaller teams and led several teams to bankruptcy. On 23 January 2017 it was confirmed that Liberty Media had completed its $8 billion acquisition of Delta Topco, the Formula One series originated with the European Grand Prix Motor Racing of the 1920s and 1930s. The formula is a set of rules that all cars must meet. Formula One was a new formula agreed upon after World War II during 1946, the first world championship race was held at Silverstone, United Kingdom in 1950. A championship for constructors followed in 1958, national championships existed in South Africa and the UK in the 1960s and 1970s. Non-championship Formula One events were held for years, but due to the increasing cost of competition
36.
Alfa Romeo in motorsport
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During its history, Alfa Romeo has competed successfully in many different categories of motorsport, including Grand Prix motor racing, Formula One, sportscar racing, touring car racing and rallies. They have competed both as a constructor and a supplier, via works entries and private entries. The first racing car was made in 1913, three years after the foundation of A. L. F. A, the 40-60HP had 6 liter straight-4 engine. Alfa Romeo quickly gained a name in motorsport and gave a sporty image to the whole marque. Alfa Romeo started motor racing almost immediately after it was founded, ventured into motor racing in 1911, with drivers Franchini and Ronzoni competing in the Targa Florio with two 24 HP models. The marques first success came in 1913 when Nino Franchini finished second in Parma-Poggio Berceto race with a 40-60HP, Giuseppe Merosi built a very advanced racing car in 1914, which was named Grand Prix. In 1920 Giuseppe Campari won the race at Mugello with a 40-60HP, a year later Giuseppe Campari won at Mugello again. Ugo Sivocci won the 1923 Targa Florio with an RL and Antonio Ascari took second, sivoccis car was painted with the green cloverleaf on a white background that was to become Alfas good luck token. In 1923 Vittorio Jano was lured to Alfa from Fiat, designing the motors that gave Alfa racing success into the late 1930s, in 1925 Alfa Romeo won the first Automobile World Championship in the history of automobile racing. Over 4 rounds the Alfa Romeo P2 won the European Grand Prix at Spa and the Italian Grand Prix at Monza, and hence incorporated the laurel wreath in their logo. For 1932 Jano produced the sensational P3 which won its first race driven by Tazio Nuvolari at the Italian Grand Prix,5 more Grands Prix that year were shared by Nuvolari and Rudolf Caracciola. Alfa Corse closed for 1933 and locked the cars in the factory, P3s then won six of the final 11 events of the season including the final 2 major Grands Prix in Italy and Spain. In 1934 Louis Chiron won the French Grand Prix in the P3 whilst the German Silver Arrows dominated the other 4 championship events, however the P3s won 18 of the 35 Grands Prix held throughout Europe. The P3 managed 16 victories in 1935, in the 1930s Tazio Nuvolari won the Mille Miglia in a 6C1750, crossing the finishing line after having incredibly overtaken Achille Varzi without lights. Alfa Romeos won the Targa Florio six times in row in the 1930s, and the Mille Miglia every year from 1928 to 1938 except for 1931. In 1935 Alfa Romeo won the German Grand Prix with Nuvolari, in 1938 Biondetti won the Mille Miglia in an 8C 2900B Corto Spider, thereafter referred to as the Mille Miglia model. Alfa Romeo participated in Formula One, both as a constructor and engine supplier, from 1950 to 1988. The works Alfa Romeo team dominated the first two years of the Formula One World Championship, using the pre-war Alfetta, but withdrew from Formula One at the end of 1951
37.
Works team
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A works team is a sports team that is financed and run by a manufacturer or other business. Sometimes, works teams contain or are made up of employees of the supporting company. A number of teams were founded in the former Portuguese territory of Mozambique that still are currently major teams in that Portuguese-speaking African country. Grupo Desportivo da Companhia Têxtil do Punguè and Textáfrica do Chimoio are examples of two teams which were the teams of two textile companies. In addition, two teams of the railway network achieved also notoriety - the Clube Ferroviário de Maputo. Other former and current works teams in Africa include Arab Contractors SC of Egypt, Horseed FC is based in Horseed, Somalia. Seven times champion of the Somalia League, it is an army team. Other works teams that have played in the Somali football leagues include Banaadir Telecom, Ports Authority, Works teams are common in Japan, with several J-League clubs starting life as such. Mitsubishi Motors Mizushima, F. C. Tokyo, and Sagawa Printing, current and former works teams in South Korea include Busan Transportation Corporation FC, Gyeongju Korea Hydro & Nuclear Power FC, Ulsan Hyundai Mipo Dolphin FC, and Hanil Bank FC. Other current and former Asian works teams include Nepal Police Club, Thai Farmers Bank F. C. Krung Thai Bank F. C. and Viettel F. C. European former works teams include those of PSV Eindhoven, FC Sochaux-Montbéliard, Bayer Leverkusen, VfL Wolfsburg, Evian Thonon Gaillard F. C. and FC Carl Zeiss Jena. The oldest football club in Spain is Recreativo de Huelva, formed on December 23,1889 by Dr. William Alexander Mackay, the Portuguese conglomerate Companhia União Fabril had also its own sports club, founded as a true works team in 1937. It was located in the Lisbons industrial suburb of Barreiro, and was called Grupo Desportivo da CUF, the club, which was a major contender in the main Portuguese Football Championship, was disbanded and replaced by G. D. Fabril due to a military coup in 1974. A few amateur and semi-professional United Kingdom association football works teams retain their companies names, including Airbus UK, Cammell Laird, and Vauxhall Motors. Other former and current amateur and semi-professional U. K. works teams include Crawley Down Gatwick F. C. Civil Service F. C. Harrogate Railway Athletic F. C. United Services Portsmouth F. C. Metropolitan Police F. C. Stewarts & Lloyds Corby A. F. C, jarrow Roofing Boldon Community Association F. C. Atherton Collieries A. F. C. Prescot Cables F. C. Stocksbridge Park Steels F. C. Bath City Football Club from Somerset, England, was formed in 1889 as Bath A. F. C. The team changed its name to Bath Railway in 1902, before settling on the name Bath City F. C
38.
Tazio Nuvolari
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Tazio Giorgio Nuvolari was an Italian racing driver. First he raced motorcycles and then he concentrated on cars and single-seaters. Resident in Mantua, he was known as Il Mantovano Volante, ferdinand Porsche called him the greatest driver of the past, the present, and the future. Nuvolari started racing motorcycles in 1920 at the age of 27, having raced cars as well as motorcycles from 1925 until 1930, he then concentrated on cars, and won the 1932 European Championship with the Alfa Romeo factory team, Alfa Corse. After Alfa Romeo officially withdrew from Grand Prix racing Nuvolari drove for Enzo Ferraris team, Scuderia Ferrari, who ran the Alfa Romeo cars semi-officially. In 1933 he won Le Mans in an Alfa Romeo as a member of Ferraris team, and it was the only time a non-German car won a European Championship race from 1935 to 1939. The relationship with Ferrari deteriorated during 1937, and Nuvolari raced an Auto Union in that years Swiss Grand Prix and he rejoined the Auto Union team for the 1938 season and stayed with them through 1939 until Grand Prix racing was put on hiatus by World War II. The only major European race he never won was the Czechoslovakian Grand Prix, when Nuvolari resumed racing after the war he was 54 and in poor health. In his final appearance in competition, driving a Cisitalia-Abarth Tipo 204A at a Palermo hillclimb on 10 April 1950, he won his class and he died in 1953 from a stroke. Nuvolari was born in Castel dArio near Mantua on 16 November 1892 to Arturo Nuvolari and his wife Elisa Zorzi. Nuvolari was married to Carolina Perina, and together they had two children, Giorgio, who died in 1937 aged 19 from myocarditis, and Alberto, Nuvolari obtained his license for motorcycle racing in 1915 at the age of 23. He served in the Italian army as a driver in World War I. He also raced cars, winning the Coppa Verona reliability trial in 1921, in 1925 he became the 350 cc European Motorcycling champion by winning the European Grand Prix. At the time, the European Grand Prix was considered the most important race of the motorcycling season and the winners in each category were designated European Champions. He won the Nations Grand Prix four times between 1925 and 1928, and the Lario Circuit race five times between 1925 and 1929, all in the 350 cc class on a Bianchi motorcycle and he crashed when the gearbox seized, and severely lacerated his back. He was not picked for the team, six days later, in bandages, with a cushion strapped to his stomach, and lifted onto his motorcycle by Bianchi mechanics for a push-start, he won the rain-soaked Nations Grand Prix at Monza. 1930 In 1930, Nuvolari won his first RAC Tourist Trophy, Motor racing legend has it that when one of the drivers broke the window of a butchers shop, Nuvolari drove onto the pavement and tried to grab a ham as he passed. According to Sammy Davis who met him there, Nuvolari enjoyed dark humour, for example, after he got a ticket for a journey home from the Sicilian Targa Florio he said to Enzo Ferrari, What a strange businessman you are
39.
Achille Varzi
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This article is on the Italian racecar driver. For the Columbia University philosopher see Achille Varzi, Achille Varzi was an Italian Grand Prix driver. Born in Galliate, province of Novara, Achille Varzi was the son of a textile manufacturer. Varzis first race car was a Type 35 Bugatti but he changed to driving an Alfa Romeo. In 1930 Varzi acquired a vehicle from the relatively new Maserati company and he drove it as well as an Alfa Romeo earning his countrys racing championship, a feat he would repeat in 1934. One of his big victories came at the prestigious Targa Florio where he upset the favored Louis Chiron. Following his win at the 1933 Tripoli Grand Prix, a race at the associated with a lottery. Varzi won 6 Grand Prix in 1934 driving the Alfa Romeo P3, at Alessandria, Tripoli, Targa Florio, Penya Rhin at Barcelona, Coppa Ciano and Nice. This move coincided with Varzi having serious problems, including an addiction to morphine and a difficult affair with Ilse Pietsch. Quickly overshadowed by team-mate Bernd Rosemeyer, his trips to the winners circle dropped to only four, by 1938 he had dropped out of sight and the advent of World War II ended racing in Europe. During the war, Varzi overcame his addiction and settled down with his new wife. At the end of the War, Varzi made a comeback at the age of 42. In 1946 he attempted to race a Maserati for the Indianapolis 500, in 1947, he won three minor Grand Prix races and traveled to Argentina to race in the Buenos Aires Grand Prix. During practise runs for the 1948 Swiss Grand Prix a light fell on the Bremgarten track. Varzis Alfa Romeo 158 skidded on the wet surface, flipping over and he was buried in his hometown. In 1991, motorsport journalist Giorgio Terruzzi recounted Varzis story in a book titled Una curva cieca - Vita di Achille Varzi, during his career, Achille Varzi competed in 139 races, winning 33. A Formula One team entered some races in 1950 as Scuderia Achille Varzi, the team was equipped with Maseratis 4CL and 4CLT and featured drivers José Froilán González, Antonio Branca, Alfredo Pián and Nello Pagani. On 5 June 2004 Poste Italiane issued a stamp commemorating Achille Varzi and his relative and namesake, Achille C
40.
Alfa Corse
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Alfa Corse is Alfa Romeos factory racing team. Throughout the years, Alfa Corse has competed in various forms of motorsport, Alfa Corse was officially formed in the beginning of 1938, after the racing department was moved back from unofficial factory team Scuderia Ferrari to Il Portello. Enzo Ferrari was still in charge of department, but left one year later to build his own cars under the name Auto-Avio Costruzioni, from 1961 Alfa Romeo factory racing team was run by Autodelta. Alfa Romeo was purchased by the Fiat Group in 1986, and in 1987, Alfa Romeo withdrew from the DTM at the end of 1996, and Pianta was replaced by Francesco Galletto. When the 156 replaced the 155, it was developed for Supertouring and Superproduction classes, in 2001, Alfa Corse merged with Mauro Sipszs independent firm, Nordauto Engineering, to form N. Technology
41.
Milan
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Milan is a city in Italy, capital of the Lombardy region, and the most populous metropolitan area and the second most populous comune in Italy. The population of the city proper is 1,351,000, Milan has a population of about 8,500,000 people. It is the industrial and financial centre of Italy and one of global significance. In terms of GDP, it has the largest economy among European non-capital cities, Milan is considered part of the Blue Banana and lies at the heart of one of the Four Motors for Europe. Milan is an Alpha leading global city, with strengths in the arts, commerce, design, education, entertainment, fashion, finance, healthcare, media, services, research, and tourism. Its business district hosts Italys Stock Exchange and the headquarters of the largest national and international banks, the city is a major world fashion and design capital, well known for several international events and fairs, including Milan Fashion Week and the Milan Furniture Fair. The city hosts numerous cultural institutions, academies and universities, with 11% of the national total enrolled students, Milans museums, theatres and landmarks attract over 9 million visitors annually. Milan – after Naples – is the second Italian city with the highest number of accredited stars from the Michelin Guide, the city hosted the Universal Exposition in 1906 and 2015. Milan is home to two of Europes major football teams, A. C. Milan and F. C. Internazionale, the etymology of Milan is uncertain. One theory holds that the Latin name Mediolanum comes from the Latin words medio, however, some scholars believe lanum comes from the Celtic root lan, meaning an enclosure or demarcated territory in which Celtic communities used to build shrines. Hence, Mediolanum could signify the central town or sanctuary of a Celtic tribe, indeed, the name Mediolanum is borne by about sixty Gallo-Roman sites in France, e. g. Saintes and Évreux. Alciato credits Ambrose for his account, around 400 BC, the Celtic Insubres settled Milan and the surrounding region. In 222 BC, the Romans conquered the settlement, renaming it Mediolanum, Milan was eventually declared the capital of the Western Roman Empire by Emperor Diocletian in 286 AD. Diocletian chose to stay in the Eastern Roman Empire and his colleague Maximianus ruled the Western one, immediately Maximian built several monuments, such as a large circus 470 m ×85 m, the Thermae Herculeae, a large complex of imperial palaces and several other buildings. With the Edict of Milan of 313, Emperor Constantine I guaranteed freedom of religion for Christians, after the city was besieged by the Visigoths in 402, the imperial residence was moved to Ravenna. In 452, the Huns overran the city, in 539, the Ostrogoths conquered and destroyed Milan during the Gothic War against Byzantine Emperor Justinian I. In the summer of 569, a Teutonic tribe, the Lombards, conquered Milan, some Roman structures remained in use in Milan under Lombard rule. Milan surrendered to the Franks in 774 when Charlemagne took the title of King of the Lombards, the Iron Crown of Lombardy dates from this period
42.
Mille Miglia
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The Mille Miglia was an open-road endurance race which took place in Italy twenty-four times from 1927 to 1957. Like the older Targa Florio and later the Carrera Panamericana, the MM made Gran Turismo sports cars like Alfa Romeo, BMW, Ferrari, Maserati, Mercedes Benz, the race brought out an estimated five million spectators. From 1953 until 1957, the Mille Miglia was also a round of the World Sports Car Championship, since 1977, the Mille Miglia has been reborn as a regularity race for classic and vintage cars. Participation is limited to cars, produced no later than 1957, the route is similar to that of the original race, maintaining the point of departure / arrival in Viale Venezia in Brescia. This made organisation simpler as marshals did not have to be on duty for as long a period, from 1949, cars were assigned numbers according to their start time. For example, the 1955 Moss/Jenkinson car, #722, left Brescia at 07,22, in the early days of the race, even winners needed 16 hours or more, so most competitors had to start before midnight and arrived after dusk - if at all. The race was established by the young Count Aymo Maggi and Franco Mazzotti, together with a group of wealthy associates, they chose a race from Brescia to Rome and back, a figure-eight shaped course of roughly 1500 km — or a thousand Roman miles. Later races followed twelve other routes of varying total lengths, the first race started on 26 March 1927 with seventy-seven starters — all Italian — of which fifty-one had reached the finishing post at Brescia by the end of the race. The first Mille Miglia covered 1,618 km, corresponding to just over 1,005 modern miles, entry was strictly restricted to unmodified production cars, and the entrance fee was set at a nominal 1 lira. The winner, Giuseppe Morandi, completed the course in just under 21 hours 5 minutes, averaging nearly 78 km/h in his 2-litre OM, tazio Nuvolari won the 1930 Mille Miglia in an Alfa Romeo 6C. Having started after his teammate and rival Achille Varzi, Nuvolari was leading the race, in the dim half-light of early dawn, Nuvolari tailed Varzi with his headlights off, thereby not being visible in the latters rear-view mirrors. He then overtook Varzi on the roads approaching the finish at Brescia, by pulling alongside. The event was dominated by local Italian drivers and marques. Caracciola had received little support from the factory due to the economic crisis at that time. He did not have mechanics to man all necessary service points. After performing a pit stop, they had to hurry across Italy, the race was briefly stopped by Italian leader Benito Mussolini after an accident in 1938 killed a number of spectators. When it resumed in 1940 during wartime, it was dubbed the Grand Prix of Brescia and this event saw the debut of the first Enzo Ferrari-owned marque AAC. The Italians continued to dominate their race after the war, now again on a single big lap through Italy, caracciola, in a comeback attempt, was fourth
8,014 units (2016)
€3.850 billion (2016)
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