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Ferrari is an Italian car brand, founded in 1947 by Enzo Ferrari. The logo is a yellow shield with a black prancing stallion. The yellow background symbolises the city of Modena, where Ferrari started its race team. Ferrari produces luxurious sports cars for the road, but is also behind one of the most successful Formula 1 teams. Ferrari is owned by the car company Fiat today. Almost 90% of all Ferraris sold are red.