Daily Management Review

Ferrari surpasses market value of Stellantis


Ferrari, an Italian corporation with shares traded on the Milan Stock Exchange, has outperformed Fiat's market value and into the top three most costly companies.

public domain pictures
public domain pictures
According to Bloomberg, Ferrari NV's market value hit €49.2 billion ($53.9 billion), surpassing the value of Stellantis NV  (valued at €47.1 billion).

Ferrari's market value has grown by 34% since the start of the year, the greatest rate among European automakers. Due to this, the business was able to rank among the top three most expensive ones listed on the Milan Stock Exchange. Ferrari had a market value of nearly $10 billion when it went public on the New York Stock Exchange in 2015.

Ferrari was able to succeed despite raising the price of its sports vehicles because demand is still high. The faltering economy forces mass automakers to reduce prices at the same time.

source: bloomberg.com