- Ford made an offer to buy Ferrari, which was a significant move considering Ford had minimal racing capability at the time, and the agreement drafted included the formation of two companies: Ford Ferrari, 90% owned by Ford to produce road cars, and Ferrari Ford, 90% owned by Ferrari to handle the racing team 10s.
- The proposed structure of the companies raised concerns for Enzo Ferrari, as he realized that if Ford did not want to go racing, Ford would have the final say due to its majority ownership, allowing them to control the budget 42s.
- Enzo Ferrari strongly disliked the terms of the deal and ultimately decided to terminate the agreement in dramatic fashion, just as it was nearing completion, which led to Henry Ford II becoming extremely upset 2m6s.
- Following the failed deal, Henry Ford II instructed his team to compete against Ferrari, specifically stating that they would go to Le Mans and beat them, while Enzo Ferrari likely held a dismissive view of the Americans' decision 2m6s.
YouTube video summary
Ford tried to buy Ferrari and Enzo blew up the deal at the finish line
Business17 May 20261 min summaryFrom Acquired
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