Target: Ferrari N.V. (luxury automotive manufacturer)
Registered Office: Amsterdam, Netherlands | Operational HQ: Maranello, Italy
Audit Phase: V-ECON
Date: 2026-05-01
No corporate disclosure, NGO report, customs database, or trade press record establishes any direct procurement contract between Ferrari N.V. and Israeli agricultural aggregators — including Mehadrin, Hadiklaim, Galilee Export, or any Agrexco successor entity — for any product category (citrus, avocados, Medjool dates, fresh herbs, or potatoes). This conclusion is consistent across NGO databases (Who Profits16, OHCHR2425), corporate filings1, and trade press reviewed. No public evidence identified.
For reference, Mehadrin is confirmed as Israel’s largest citrus and avocado grower/exporter with approximately $350M in annual sales and more than 70% export ratio, supplying primarily European retail and food service chains22. Hadiklaim is confirmed as Israel’s primary Medjool date cooperative, operating in the Jordan Valley23. Neither entity lists Ferrari N.V. as a customer in any public disclosure.
Ferrari N.V. does not operate a wholly-owned subsidiary in Israel acting as importer of record. The official sole authorised importer and dealer for Ferrari (and Maserati) in Israel is Auto Italia IL Ltd., trading as Mediterranean Car Agency Ltd., with showroom, sales, and service operations in Herzliya, Israel78.
Ownership of Auto Italia IL Ltd. is entirely held by Israeli private capital. Kardan Vehicle Ltd. (the Avis Israel franchisee operator) acquired full ownership by buying out co-shareholder Zohar Alon for NIS 8 million, with Alon retained as advisor for 12 months at NIS 45,000/month under a three-year non-compete7. Samelet Motors — an Israeli automotive importer also representing Subaru and IVECO — is recorded as a prior partial stakeholder11. These ownership details are confirmed by the Globes business press record7 and the BDiCODE company profile11. Ferrari N.V. holds zero equity in Auto Italia IL Ltd.78 The Globes/Kardan transaction dates to approximately 2014; current beneficial ownership as of 2025–2026 has not been confirmed by a more recent public filing.
Ferrari N.V.’s role in this structure is strictly that of wholesale vehicle exporter to the independent franchise. It does not act as importer of record for its own goods into Israel.
No public evidence identified of any recurring seasonal procurement by Ferrari N.V. from Israeli agricultural suppliers during any sourcing window. Source classes checked include corporate sustainability reports11415, trade press, and NGO investigations1624. No public evidence identified.
Ferrari’s corporate catering operations at its Maranello headquarters are conducted through Ristorante Cavallino, a restaurant originally founded by Enzo Ferrari in 195012. The establishment currently operates as a joint venture with Massimo Bottura’s Francescana Group13. The culinary identity of the Francescana Group is publicly documented as hyper-local Emilia-Romagna sourcing (Parmigiano Reggiano, Aceto Balsamico, Prosciutto di Parma, regional produce)13.
No evidence has been identified of Ferrari N.V. contracting Compass Group, Sodexo, or any other global industrial food service operator for its primary Maranello catering operations. No public evidence identified of Israeli-origin produce reaching Ferrari’s corporate operations via third-party distributors, resellers, or white-label arrangements.
The Who Profits NGO database profiles Zoko Enterprises as an Israeli industrial corporation supplying heavy equipment — including Caterpillar D9 armoured bulldozers — to the Israeli Ministry of Defense and military, and lists “VS Ferrari” among Zoko’s represented brands16. VS Ferrari (also styled V.S. Ferrari or CVS Ferrari) is an entirely separate Italian company manufacturing heavy industrial port equipment (reach stackers, container handlers, port cranes). It shares only a surname with Ferrari N.V. Ferrari N.V. manufactures no industrial port equipment, and no corporate, legal, financial, or supply chain relationship between Ferrari N.V. (Maranello) and VS Ferrari (industrial equipment) has been identified. This is a homonymic overlap of two unrelated Italian entities. Ferrari N.V. bears no documented relationship to Zoko Enterprises, Israeli Ministry of Defense procurement, or any military equipment supply in Israel16.
No public evidence identified. Ferrari N.V. does not import or retail food products. Consequently, no NGO investigation — including Who Profits16, Corporate Occupation, or OHCHR2425 — and no DEFRA advisory or customs audit finding references Ferrari N.V. in the context of settlement-origin produce labeling. No public evidence identified.
Not applicable to Ferrari N.V.’s business model. No enforcement actions or government advisories related to product origin labeling have been identified. No public evidence identified.
No publicly stated corporate policy on sourcing or labeling of goods from occupied or contested territories has been identified in Ferrari’s Human Rights Practice document14 or its Modern Slavery Statement15. This is consistent with the company’s non-food, non-retail operational profile. Ferrari’s Human Rights Practice document references adherence to UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises, and the International Bill of Human Rights14. No public evidence identified of a territory-specific labeling policy.
No direct capital investment by Ferrari N.V. within Israel or occupied territories has been identified. No acquisitions, factories, data centers, logistics hubs, or real estate holdings in Israel are disclosed in the 2023 Annual Report/20-F1 or prior annual reports. No public evidence identified of Ferrari N.V. as a direct FDI actor in Israel.
Ferrari’s R&D operations are centralized at its Maranello and Modena facilities in Italy130. No Ferrari N.V.-owned or -operated R&D facility, technology partnership hub, innovation lab, or accelerator programme within Israel has been identified in corporate filings or technology press. No public evidence identified.
Ferrari N.V. is incorporated under Dutch law (commercial register no. 64060977), with its operational headquarters at Maranello, Italy1. The controlling parent is Exor N.V., the Agnelli family holding company. As of early 2026, Exor N.V. holds approximately 21.20% of outstanding common shares and 32.17% of total voting rights in Ferrari N.V., leveraging Ferrari’s special loyalty voting mechanism23. Trust Piero Ferrari (Piero Ferrari, son of founder Enzo Ferrari) holds 10.61% of common shares and 16.09% of voting rights23. Their combined block exceeds 48% of voting rights3.
Exor N.V. and Trust Piero Ferrari renewed their shareholder agreement in January 2026, extending coordination through January 2029 with automatic renewal for a further three years, mandating coordinated voting and reciprocal rights of first offer on share transfers328. John Elkann, CEO of Exor N.V. and Agnelli family designee, serves concurrently as Chairman of Ferrari N.V.14, binding strategic and capital allocation decisions between the two entities. Exor N.V.’s broader portfolio includes controlling or significant stakes in Stellantis, CNH Industrial, Philips, Juventus Football Club, and Iveco Group45.
Exor Ventures (the early/growth-stage venture arm of Exor N.V., formerly Exor Seeds) has deployed capital into technology startups globally56. Prior research states it has deployed approximately $500 million across 75+ companies with significant Israel concentration, and operates a physical presence in Tel Aviv led by Noam Ohana (Managing Partner, described as formerly a Policy Advisor at the Israeli Consulate in New York) who later spun out as Ora Global while continuing to manage the Exor Ventures portfolio6. These specific operational details are consistent with the Ora Global website6 and Exor’s own annual report disclosures regarding venture activity5, but the specific claim of a dedicated Tel Aviv office lease cannot be independently confirmed from corporate filings alone (see Evidence Gaps).
Documented Exor Ventures portfolio companies with Israeli nexus include:
[UNVERIFIED-PRIOR]; company existence is consistent with Israeli health-tech press.[UNVERIFIED-PRIOR].[UNVERIFIED-PRIOR].No publicly disclosed holdings by Ferrari N.V. itself in Israeli-domiciled companies, Israeli sovereign bonds, or Israel-focused investment funds are identified in the 2023 20-F1. Ferrari N.V. does not operate as an investment holding entity. No public evidence identified of direct portfolio exposure at the Ferrari N.V. level.
Ferrari N.V. operates no offices, manufacturing facilities, warehouses, retail locations, or support centres within Israel or occupied territories. The sole authorised operational presence in the Israeli market is the independent franchise Mediterranean Car Agency Ltd. / Auto Italia IL Ltd., Herzliya8910, which is not a Ferrari N.V. entity. Ferrari’s own physical infrastructure is documented as located in Maranello (manufacturing, HQ, museum) and Modena (engine manufacturing), with a small number of international commercial offices — none in Israel130.
Ferrari N.V. employs no staff directly in Israel. No tax or regulatory registration in the Israeli jurisdiction has been identified. No public evidence identified. Israeli employment and tax contribution flows entirely through the independently-owned Auto Italia IL Ltd. franchise78.
Ferrari’s annual reports and investor presentations do not characterise Israel as a named strategic market, growth region, or regional hub. Israel is not broken out as a separate geographic revenue segment in the 2023 20-F1. The Middle East region as a whole is referenced only as part of a broader rest-of-world category. No public evidence identified of Ferrari explicitly characterising the Israeli market in investor materials.
Mediterranean Car Agency Ltd. operates Ferrari’s full brand service offering in Israel, including Ferrari Classiche heritage certification9 and the Ferrari Approved certified pre-owned programme10, under the terms of the standard international franchise agreement. These services operate under Ferrari’s brand standards but under no Ferrari N.V. equity, employment, or direct management relationship.
Ferrari was founded by Enzo Ferrari in Maranello, Italy, in 1947, with predecessor racing activities from 1929 under the Scuderia Ferrari racing team130. Ferrari has no Israeli founding history, no Israeli-origin operations, and no Israeli brand identity. It is not an acquired entity with Israeli-origin operations.
No dual or legacy Israeli headquarters. No Israeli domicile.
No Israeli state ownership stake, Israeli government board appointees, Israeli government contracts, or designation as Israeli critical national infrastructure has been identified. No public evidence identified.
Ferrari N.V. does not appear in the OHCHR database of businesses involved in activities related to Israeli settlements (updated September 2025, covering 158 companies across 11 countries)2425. The OHCHR database focuses on construction, real estate, mining, surveillance, demolition equipment, and banking activities sustaining settlements — sectors entirely outside Ferrari’s operational scope.
Ferrari’s Human Rights Practice document references adherence to UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises, and the International Bill of Human Rights14. Its Modern Slavery and Human Trafficking Statement is separately published15.
Ferrari N.V. utilises a special loyalty voting share mechanism that grants long-term shareholders — specifically Exor N.V. and Trust Piero Ferrari — enhanced voting rights relative to their economic ownership, consolidating structural control23. The renewed January 2026 shareholder agreement between Exor N.V. and Trust Piero Ferrari mandates coordinated voting through January 2029328. These mechanisms benefit private Italian family interests and do not structurally tie Ferrari to the Israeli state or its policy objectives. No golden shares, charter restrictions, or governance mechanisms tying Ferrari’s operations or mission to the Israeli state have been identified.
Israel is not a disclosed revenue segment in Ferrari’s 2023 Annual Report/20-F1. Ferrari reports geographic revenues in broad regional buckets (Americas, Rest of EMEA, etc.). No Israel-specific revenue figure is publicly available. No public evidence identified of disaggregated Israel revenue disclosure.
Ferrari N.V. is a profit-generating entity whose dividends and retained capital flow upward to its controlling shareholder, Exor N.V.35. Exor N.V. is domiciled in the Netherlands and is controlled by the Italian Agnelli family45. Profits do not flow into Israel via Ferrari’s ownership structure; they flow to a Dutch/Italian-controlled holding entity.
Exor N.V. subsequently redeploys aggregated capital — including dividends from Ferrari — into global investments including Israeli-ecosystem venture capital via Exor Ventures56. This constitutes an indirect capital flow from Ferrari’s global profit generation toward Israeli startup investment, mediated by the parent holding company, not a direct Ferrari N.V. disbursement.
The net directional flow in the Israeli market is the reverse: capital extracted from Israeli high-net-worth consumers flows to Ferrari N.V. in Italy/Netherlands via vehicle wholesale margins to the Auto Italia IL Ltd. franchise. Ferrari is a recipient of economic value from Israel’s consumer market, not a net investor into the Israeli economy at the entity level.
No publicly available assessment, industry report, or government designation characterises Ferrari N.V. as a significant actor within any sector of the Israeli economy. Ferrari is not identified as a key employer, sector anchor, or infrastructure provider within Israel by any Israeli government, industry body, or research institution. No public evidence identified.
The following material uncertainties were identified during this audit and could not be resolved from available public sources:
Exor Ventures Tel Aviv physical office — Prior research asserts a dedicated Exor Ventures office in Tel Aviv, citing the Ora Global website6. The Ora Global website confirms Noam Ohana’s role and Israeli connections, but independently confirming a current, active, leased physical office operated under the Exor Ventures name (as distinct from Ora Global’s own operations) requires corporate real-estate filings or Israeli company registry records not accessible through training data. Status: unresolved; plausible but unconfirmed at lease/registration level.
Noam Ohana — Israeli Consulate advisory role — Prior research states Ohana was a Policy Advisor at the Israeli Consulate in New York. Consistent with venture press coverage but cannot be confirmed against Israeli foreign ministry records. Status: [UNVERIFIED-PRIOR].
Valens Semiconductor — Ferrari direct supply relationship — Prior research asserts Ferrari is mapped as a “partner and end-user” in Valens Semiconductor’s ecosystem via MIPI A-PHY integration17. The MIPI A-PHY standard is confirmed as a real automotive connectivity standard; Valens (NYSE: VLN) is a confirmed Israeli semiconductor company. However, Ferrari’s specific design-in of Valens chipsets is not confirmed in Ferrari’s own supplier disclosures1 or Valens investor materials. Status: [UNVERIFIED-PRIOR]; industry-level plausible, Ferrari-specific unconfirmed.
Tactile Mobility — Ferrari supply chain mapping — Prior research maps Ferrari into Tactile Mobility’s procurement network. Tactile Mobility is a confirmed Israeli autotech company (Haifa); Porsche investment is confirmed in trade press. Ferrari-specific integration is not documented in any public Ferrari supplier disclosure. Status: [UNVERIFIED-PRIOR].
PhaseV and Luminescent — Exor lead investor confirmation — Both companies are referenced with Exor Ventures as lead or key investor. Company existence is confirmed in CTech 202518 and Global Venturing29, but Exor’s specific lead role in each round cannot be confirmed from Ferrari or Exor corporate filings. Status: [UNVERIFIED-PRIOR] as to Exor’s specific role; company existence confirmed.
Auto Italia IL Ltd. current ownership — The Globes/Kardan transaction7 dates to approximately 2014. Current beneficial ownership as of 2025–2026 is not confirmed by a more recent public filing. The BDiCODE record11 references Samelet as a historical stakeholder. Status: ownership structure confirmed as of 2014; current structure unverified.
Ferrari Israel revenue disaggregation — No public source discloses Ferrari-specific revenue attributable to Israel. Geographic segment disclosures in the 20-F are aggregated at the regional level. Gap is structural and unlikely to be resolvable through public sources.
Exor N.V. Israeli sovereign bond or fund holdings — Exor’s annual reports5 disclose portfolio company investments but do not provide full securities-level investment schedules that would reveal Israeli bond or fund exposure. Gap cannot be resolved from public annual report summaries alone.
https://cdn.ferrari.com/cms/network/media/pdf/Ferrari-2023-annual-report-april-17-2024.pdf ↩↩↩↩↩↩↩↩↩↩↩↩↩↩
https://www.ferrari.com/en-EN/corporate/shareholders-structure ↩↩↩
https://www.exor.com/press-releases/2026-01-03/exor-and-ferrari-family-extend-shareholders-agreement-ferrari ↩↩↩↩↩↩↩
https://www.exor.com/sites/default/files/2023/document-documents/EXOR_Annual%20Report%202022.pdf ↩↩↩↩↩↩↩↩
https://telaviv.ferraridealers.com/en-GB/ferrari-classiche-certification ↩↩
https://telaviv.ferraridealers.com/en-GB/ferrari-approved ↩↩
https://www.bdicode.co.il/en/company/mediterranean-car-agency-en/ ↩↩↩
https://www.ferrari.com/en-EN/ristorante-cavallino ↩
https://www.impastiamoclasses.com/post/ferrari-s-restaurant-cavallino-is-now-open-with-osteria-francescana ↩↩
https://cdn.ferrari.com/cms/network/media/pdf/FERRARI%20N.V._HUMAN_RIGHTS_PRACTICE_ENG-v2.pdf ↩↩↩↩
https://investors.ferrarigroup.net/content/dam/ferrari/corporate/documents/policies/slavery-human-trafficking-statement.pdf ↩↩↩
https://www.valens-semi.com/investors ↩
https://www.calcalistech.com/ctechnews/article/923yvb6hw ↩↩↩↩
https://subscriber.politicopro.com/article/eenews/2025/10/23/global-cooling-startup-raises-60m-to-test-sun-reflecting-technology-00620340 ↩
https://www.trendingtopics.eu/via-acquires-fleetonomy-to-meet-the-rising-demand-for-innovative-last-mile-logistics-technologies/ ↩
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001603015/5e97a28a-738b-4d96-ba35-d434a8ae598b.pdf ↩↩
https://mehadrin.co.il/about/ ↩
https://www.hadiklaim.com/ ↩
https://www.ohchr.org/en/press-releases/2025/09/un-human-rights-office-updates-database-businesses-involved-israeli ↩↩↩↩
https://www.un.org/unispal/document/ohchr-report-02aug24/ ↩↩↩
https://www.exor.com/sites/default/files/2021/document-documents/EXOR%20ANNUAL%20REPORT%202020.pdf ↩
https://simplywall.st/stocks/gb/automobiles/lse-0rdt/ferrari-shares/ownership ↩
https://wincountry.com/2026/01/03/exor-renews-ferrari-shareholder-agreement-with-founders-son/ ↩↩
https://globalventuring.com/corporate/energy-and-natural-resources/corporations-investing-data-centre-energy-startups/ ↩↩
