Ferrari Is Laughing At Ford And GM Proper Now
- by Automobilnews.eu
CNBC factors out that following Ferrari’s share value surging 7 p.c this previous Monday, the Italian supercar firm is now value about $30 billion. To match, Common Motors market cap fell to lower than $29.three billion whereas Ford’s dropped to $19.2 billion. Fiat Chrysler, which spun out Ferrari again in 2013, is now value about $13 billion. Although it was compelled to close its manufacturing facility in March, Ferrari’s total income dropped by only one p.c. Spectacular.
In the meantime, demand for its automobiles stays as excessive as ever, although its Formulation 1 racing program has been going through some monetary difficulties.