The connection proved fruitful as Ferrari was then able to persuade Mubadala to become a title sponsor of the Ferrari Formula One Team the following year. He resigned in 2015 when he sold the final 1.95% of his shares to Mubadala Development Company. In 1998 Ferrari teamed up with José Di Mase and purchased Piaggio Aero Engineering with the idea of bringing Piaggio back to its roots as a designer and producer of business aircraft. It was the first time in the history of Scuderia Ferrari that a Ferrari family member would step on the podium of a Formula One race. On the occasion of the 2013 Chinese Grand Prix, won by Fernando Alonso, Ferrari's then team principal Stefano Domenicali persuaded Piero Ferrari to collect the trophy for the team. In 1989 he was nominated vice chairman by Ferrari's then president Vittorio Ghidella. In 1988, when Enzo Ferrari died, Piero was the sole heir of the Ferrari family and inherited his father's 10% share of the company and the ownership of the Fiorano Circuit. In the mid-1980s he became supervisor of the production of road cars, where he helped developing concepts for the low-volume Ferrari F40, Ferrari F50 and LaFerrari. In 1974 he was moved to the Formula One team, where he worked as a co-organiser, assisting sporting directors Luca Cordero di Montezemolo and Daniele Audetto.
In doing so, he earned considerable experience about the operational dynamics of the factory. One of his early jobs was taking the drawings and parts of the 196 Dino to the GT department, acting as a bridge between the road car and racing division. In the early 1970s he was officially hired as technical supervisor, with the task of listing, describing and archiving defective or ineffective car components. In 1969 Ferrari started working informally for the family company as an English translator for his father. In 1964, he obtained a high school diploma with at the mechanics course of the Fermo Corni Technical Institute in Modena, an istituto tecnico industriale.
He became passionate about mechanics by hanging out in a bike repair shop close to his mother's home. In 1990 he legally changed his name from Piero Lardi Ferrari to Piero Ferrari. As divorce was illegal in Italy until 1975, Piero could not be acknowledged as a Ferrari family member until the death of Enzo's estranged wife, Laura, in 1978. The two became romantically involved soon after and continued their relationship until Ferrari's death in 1988. Enzo had met Lina in the late 1930s when she was working at Carrozzerie Orlandi, a coachbuilder company in Modena. Piero Ferrari is the son of Enzo Ferrari and his mistress, Lina Lardi (1911-2006).
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