Ferrari Market Cap Hits €53 Billion, Italian Automaker Is More Valuable Than GM

May 17, 2023 457

The first-ever sport utility vehicle from the Cavallino Rampante currently has a two-plus-year waitlist, and Ferrari also happens to be on the bleeding edge of plug-in hybridization with the likes of the three-motor, V8-powered SF90 series. The 296 series also deserves attention because of its twin-turbocharged V6, which outputs 654 ponies from a displacement of 3.0 liters.

Does it come as a surprise that Ferrari delivered 13,221 vehicles last year, a new record in the Italian automaker's long and illustrious history? Also worthy of asking, does it come as a surprise that Ferrari still hasn't caught up to Red Bull in Formula 1? But more importantly, can you believe that Ferrari NV has reached a market capitalization of 53 billion euros?

Read more

SOURCE: https://www.autoevolution.com

You may be interested