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Why Ferrari is worth more than some major automakers

June 11, 2020


Perhaps million-dollar sports cars can be good investments, even in tough economic times.

Italian exotic carmaker Ferrari’s market value soared to $30 billion in May, surpassing market values for far larger automakers, such as Detroit’s General Motors, Ford, and even Ferrari’s former parent, Fiat-Chrysler.

At a time when economies and societies around the world have been thrown into turmoil over the coronavirus pandemic, investors appear to find the high-end luxury sports car maker a good bet.

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