It’s good news and bad news for Fiat-Chrysler Autos (FCA) CEO and Ferrari Chairman Sergio Marchionne. On one hand, his bread and butter automaker isn’t performing too hot on Wall Street; on the other hand, the precious Prancing Horse continues to pull ahead with value.
Ferrari’s market value is now worth more than all of FCA combined, according to Automotive News. As of last week, FCA shares were trading at $12 per share. Ferrari? Nearly $112 per share. Those figures give FCA a market capitalization of about $18 billion, while Ferrari hovers around $21 billion.
Ferrari was spun off from FCA years ago, and although it has traded market values with FCA multiple times, Ferrari has finally begun to pull away. Maybe the thought of a Ferrari SUV has investors excited.
Most recently, news broke that multiple Chinese automakers have shown interest in purchasing FCA entirely. One Chinese auto manufacturer reportedly already made an offer, though FCA deemed it too low. With Ferrari out of FCA, it means any future owner of FCA will not have access to the exclusive sports car marque. The same will likely be true of Alfa Romeo and Maserati should a sale come to fruition.