Ferrari S.p.A. is an Italian sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1928 as Scuderia Ferrari, the company sponsored drivers and manufactured race cars before moving into production of street-legal vehicles in 1947 as Ferrari S.p.A.. Throughout its history, the company has been noted for its continued participation in racing, especially in Formula One, where it has enjoyed great success. The Ferrari F40 is a mid-engine, rear-wheel drive, two-door coupé sports car produced by Ferrari from 1987 to 1992 as the successor to the Ferrari 288 GTO. From 1987 to 1989 it held the title as the world's fastest street-legal production car, and during its years of production, was Ferrari's fastest, most powerful, and most expensive car.