![]() Fiat didn't buy a stake in Ferrari until early 1969, well after Ford's first Le Mans win. Ferrari using Ford to leverage more money out of Fiat is fiction. Enzo Ferrari (also known as "Il Commendatore") couldn't handle the idea that anyone else would control the decisions regarding his race team, so he bailed on the deal. At first, Enzo Ferrari agreed to the deal, but there was a clause in the contract which stated that Ford would control the racing budget (and in turn the decisions). The Ford v Ferrari true story reveals that Ford's offer was $10 million. The negotiations are expedited for the sake of the movie. Ford sent a group of dealmakers to Modena, Italy to hash out a deal with Enzo Ferrari, which took months of meticulous negotiation. By 1963, Henry Ford II (the grandson and namesake of the company's founder) decided that the quickest way to get Ford on the racetrack would be to buy Ferrari. The only problem was that Ford didn't have a sports racing car in its fleet. The other part had to do with the fact that Ford needed a marketing boost in the face of slipping sales and stiff competition from GM, especially when it came to attracting younger buyers. In the early 1960s, Henry Ford II's love for car racing was part of the reason that he decided that the Ford Motor Company would start competing. ![]()
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