Ferrari is an Italian manufacturer of high-performance sports cars and racing cars founded in 1929 and headquartered in Maranello, Italy. It is best known for its participation in Formula One racing and its road cars. Information technology plays a key role in both Ferrari's Formula 1 racing division and production of its high-performance sports cars. Ferrari uses technologies such as telemetry, computational fluid dynamics, and data acquisition systems to gain competitive advantages in racing and to develop advanced features for its road vehicles.