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Ferrari overtakes FCA on the stock exchange

The Vettel effect brings luck to the Ferrari of Maranello which continues to advance on the stock market until it surpasses its cousin Fiat Chrysler in capitalization

Ferrari overtakes FCA on the stock exchange

The Vettel effect sends Ferrari flying on the stock market. After victory in Formula 1 at the Australian Grand Prix, the Cavallino stock has strung up and up and yesterday it overtook its cousins ​​of Fiat Chrysler Automobiles (Fca) in capitalisation.

At the close of yesterday's stock market session in Piazza Affari, Ferrari, after the share's rise to 69 euros, is worth 13 billion and 380 million, a step above FCA which capitalizes 13 billion and 208 million.

In addition to the sporting victories, the Ferrari title was driven by its classification as a luxury rather than an automotive title and Sergio Marchionne, number one of the two houses, rejoices.

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