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Because he wanted to.
Maranello, Italy
Firstly his name was Enzo Ferrari. He wanted to buy part of Ford and Ford said no. So Enzo he was a billionaire and wanted to start building his own car to beat ford at the races and to show him he can make his own car that was just as good as fords if not better. The car company was called Ferrari.
Italy
Ferrari Fiat Ford Ferrari Fiat Ford
1929.
1950
He went on to start his own company
1929Enzo Ferrari started Scuderia Ferrari as a race team in 1929. They didnt start building road cars until 1947 as a project to fund the racing team.The first Ferrari road car was the 1947 125 Sport, powered by a 1.5 L V12 engine. The main company's focus was on speed and racing. And they succeeded in reating a fastest car in 1947
His BMW wouldn't start
I believe the car featured in the "Flashback" episode was a 1936 Alfa-Romeo 2900MM Corsa Spider. Although Ferrari was founded in 1929, the company didn't start producing it's own vehicles until 1947. Prior to that, Ferrari customized Alfa-Romeos for racing.