Ferrari red is just a color. Ferrari has been through just about every shade of red in both their logos and their cars but the iconic color is known as "Corso Rosso"
Rosso Corsa : r/gtaonline
I tried recreating real F1 cars, here's Ferrari, Red Bull (credit to u/aineri) and Mercedes : r/gtaonline
Ferrari Red Crew Color Update!! | GTA 5 Custom Crew Colors - YouTube
The Grotti garage updated with the GTO (it took the Cheetah's spot) =) *how cool is the GTO interior??? =O : r/gtaonline
Ferrari F430 Original Red for GTA San Andreas
GTA V Cars In Real Life | Ferrari (2020) - YouTube
Ferrari Launches New Red Paint Option Inspired By Their 2022 F1 Car | Carscoops