A racing car manufacturer Ferrari was founded in Modena, Italy in 1939. The company’s first car model was introduced into the automobile market in 1949. The brand quickly became a top sports car corporation. Here MusicSnake Magazine put a list of 7 surprising facts you probably didn’t know about Ferrari.

Ferrari Facts: Red Wasn’t the Pick

The luxury car brand is widely associated with red color, especially in car competitions. However, that wasn’t Enzo’s decision. The international Automobile Federation (FIA) picked the color for all Italian race cars competing in the Grand Prix. Ferrari cars come in many different colors, however 45% of all of their cars sold today are red.

Alfa Romeo Origins

In 1920 Enzo was employed by Alfa Romeo as car designer and team driver. In 1939, he left the company to found his own car manufacturer.

Merchandise

Ferrari gets royalties from many different things. The company makes almost $2 billion every year on merchandise. In addition to the money they make from Abu Dhabi’s Ferrari World – a huge, crazy-looking theme park. F14T at 1:8 scale model alone is a whopping $5,400.

The Fiat Story

Enzo Ferrari applied for a position at Fiat when he was young, but got rejected. In 1969, Fiat purchased 50% of the company and extended to 90% after Enzo’s death in 1988.

Expensive Brochure

Ferrari is so elite, even its brochures are overpriced. In 1980, a brochure for Ferrari 250 Le Mans was auctioned for £1,070 ($1,522) in Monaco. It still holds the world record for the most expensive brochure ever sold.

Purchase Approval

Back in 1962, whoever wanted to purchase the new Ferrari 250 GTO had to get a direct approval from Enzo himself. The car was $18,000 when it was released in the U.S.

Ferrari’s Logo Honors a WWI Pilot

The famous horse from the logo was created in honor of Francesco Baracca, a famed Italian WWI flying ace who died in action in 1918. The prancing horse was his family’s coat of arms for centuries and it was the pilot’s war emblem as well.