Ferrari Overtakes Former Parent Company Stellantis in Value with USD 54 Billion Valuation
The number of cars supplied by Ferrari in the first three months of 2023 is 3,457 units which is 9.7 per cent over the first three months of 2022. The carmaker claims it has so many orders that it won't be able to fulfill them until 2025.
By Divyam Dubey
Ferrari's worth on the Milan stock exchange has surpassed that of Stellantis, the firm that once used to own it. The stock price of the Italian sports car manufacturer rose by 34% this year, increasing its market value to USD 53.9 billion. The current valuation of Stellantis is $51.48 billion. In 2015, FCA (now Stellantis) detached Ferrari and listed it on the New York Stock Exchange and the Milan Stock Exchange. The initial public selling price per share was USD 52. The stock has increased in value to USD 295.73 per share at the time of writing. The current price of a share of Stellantis is USD 16.22. With 13,221 unit sales, Ferrari set a new milestone, surpassing the previous high of 11,155 unit deliveries in 2020. Ferrari's quarterly deliveries in Q1 2023 were 3,457 units, an increase of 9.7 per cent compared to Q1 2022. The company claims that it has so many orders that it won't be able to fulfill them until 2025.
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Upcoming Ferrari Models
Three new Ferrari models are scheduled for release this year. According to rumours, one of them will be a track-oriented SF90 Stradale. The 812 Superfast may get a successor. The convertible Ferrari Roma Spider made its debut earlier this year. It's taking the place of the Portofino M in the lineup. The power comes from a twin-turbo 3.9-litre V8 that generates 612bhp and 760Nm of torque. In 3.4 seconds, the car can accelerate from 0 to 100km/h.
Companies Under the Stellantis Group
In 2021, the Fiat Chrysler Automobiles (FCA) and the French PSA Group merged to become the international automobile manufacturing business Stellantis N.V.
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Ferrari was, indeed, a division of Fiat Chrysler Automobiles for a very long time. In 1969, Fiat S.p.A. bought 50% of Ferrari and by 1988, had increased its ownership to 90%. However, FCA signalled its aim to spin off Ferrari S.p.A. from the company in October 2014 and initiated the restructuring process a year later, in October 2015. A holding company for the Ferrari Group, Ferrari N.V., was subsequently established in the Netherlands in 2016.
Stellantis' primary focus at now is on the design, development, production, and sale of vehicles under its 16 brands: Chrysler, Citron, Dodge, Abarth, Alfa Romeo, DS, Fiat, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, Fiat Professional, Jeep, and Vauxhall.
