Several studies have been made over the years, reportedly proving that Ferrari is one of the most powerful brands in the world in terms of recognition and significance. It's right up there with Apple, Ford, and Coca-Cola. Perhaps this explains why Ferrari felt it was important to design a new logo ahead of 2022, when Italy's scarlet car manufacturer celebrates its 75th anniversary.

Enzo Ferrari founded the iconic Maranello automaker back in 1947, and almost immediately jumped into Grand Prix racing. Ferrari lined up alongside Alfa Romeo, Maserati, and others at the very first Formula One World Championship race at Silverstone in 1950—and even today Ferrari is the only team to have competed in Formula 1 every single year since the championship's inception.