Last Call: Ferrari is now worth more than GM?

Colby Buchanan

/comment

Comments

When I read this I was definitely surprised as I tried to wrap my head around it. Ferrari makes less than 10,000 cars a year and it’s more valuable? To be fair, Ferrari has been cranking out some stunners the last few years and GM has been putting out the Camaro… But GM does have the Corvette ace up its sleeve which might help them take that valuation back. Although Ferrari’s SUV might take it right back once that launches since the Urus is Lambos best selling car right now. Do you guys think this is a weird blip in sales or something that’s going to stay?

Last Call indicates the end of Hooniverse’s broadcast day. It’s meant to be an open forum for anyone and anything. Thread jacking is not only accepted, but it’s also encouraged.

About

Colby Buchanan

Colby Buchanan

My name is Colby Buchanan and I love all things car-related all the way from rusted 240sx’s to McLaren Senna’s and of course I have a soft spot for American Muscle. You can spot me in my bone stock ’06 350z named MackenZ.

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15 responses to “Last Call: Ferrari is now worth more than GM?”

  1. Wayne Moyer Avatar
    Wayne Moyer

    Does this mean there should be a fire sale of GM?

    See because of Ferrari… and.. Fiero.. .and…

    Reply
    1. nanoop Avatar
      nanoop

      … Ferrero?
      https://i5.walmartimages.com/asr/c80516e4-e93e-47a7-985c-8e7f19daa0bd_1.67f86d905396ef1c2bbfea37a62ac3b1.jpeg

      Reply
      1. Wayne Moyer Avatar
        Wayne Moyer

        Let’s see if I can make this work and boy is this going to be a stretch.

        Don’t you mean the VP Geraldine who ran with Walter Mondeo in 1984?

        Reply
      2. crank_case Avatar
        crank_case

        You are spoilering us..

        http://www.steventsnyder.com/web-media/fiero-aero/wing/fiero-wing-details.jpg

        Reply
  2. 0A5599 Avatar
    0A5599

    My grandfather told me that there were two ways to become a millionaire: make a million dollars from one person, or make a dollar from a million people. Ferrari makes a million dollars from a lot of people.

    Reply
  3. caltemus Avatar
    caltemus

    This is just stock value and does not equal true value? GM’s capital alone is an order of magnitude greater than Ferrari.

    Reply
    1. outback_ute Avatar
      outback_ute

      On the other hand GM is contracting (market likes ‘potential’, founded or not) while Ferrari will have a jump in profitability* once the SUV arrives.

      * Unless sh!t goes wrong following C-19…

      Reply
    2. outback_ute Avatar
      outback_ute

      On the other hand GM is contracting (market likes ‘potential’, founded or not) while Ferrari will have a jump in profitability* once the SUV arrives.

      * Unless sh!t goes wrong following C-19…

      Reply
      1. Rover 1 Avatar
        Rover 1

        GM used to be a properly international company. Now it is a North and South American, (mainly Brazil) and Chinese company. It is present in less markets than Peugeot or Citroen are. It is no longer one of the big three, which are now Toyota,(10,466,051 sales), Volkswagen,(10,382,334) and Hyundai, yes Hyundai,(7,218391 sales) is bigger than GM,(6,856,880).

        GM used to be, not just in, but a large player in, Europe, Japan, Africa, South East Asia, Australasia and the Middle East as well as being The North American Light Truck Company with Cadillac and Corvette sidekicks and BuickChina .But this is what it has been reduced to in a series of inept, cowardly, and ‘three month ahead’ short-term planning moves by their incompetent management over the last few years, and by the figures it’s no more profitable, just smaller.

        Reply
        1. Sjalabais Avatar
          Sjalabais

          Perfect answer is perfect. The stockmarket is an irrational being, by all means, but GM has been mismanaged for decades, not just “the last few years”. I have been positively surprised by a GM product once, because the lowly Astra had better sound insulation than I had expected. Otherwise, performance, quality and competitiveness along real world lines have been low. There’s always someone better, even if you consider price, which seems to be their main selling metric. Corvette might be an exception.

          Reply
          1. Rover 1 Avatar
            Rover 1

            There was something weird about how the engineering powerhouse of GMEurope, which provided over half of GM’s global actual CAR designs over the last forty years for GM global, could ‘lose’ billions of dollars over decades, yet instantly make millions in a year under new ownership at PSA.

            And then there’s Holden, and the Japanese debacle, giving up the shares of Isuzu, Suzuki and Subaru. And the associated RHD abandonment, something, somehow EVERYONE else copes with. (Which, I guess is why Hyundai is now the bigger company.)

            Perhaps, given the myopic ways their corporations handle their assets, we shouldn’t be surprised at America’s increasing irrelevance as a world power?

          2. Sjalabais Avatar
            Sjalabais

            Oh, I don’t disagree, but wouldn’t dare to politicise too much on this bloog. In sociological theory though, the “low road”-approach of low prices, low quality can only lead to desaster. Especially when the competition offers low prices and decent quality.

            GM seems like an administration nightmare, but PSA turning profits with GM assets might as well be explained with them getting a fair price for finished product. They didn’t carry development cost, shed layers of administration, and they do have a complete set of dealer and garage networks already. I’m actually not sure how this affected e.g. Opel dealers?

    3. kogashiwa Avatar
      kogashiwa

      also known as, the stock market

      Reply
  4. neight428 Avatar
    neight428

    GM is mortgaged down to its paper clips. It’s a retiree healthcare company that sells a few cars.

    Reply
    1. dr zero Avatar
      dr zero

      *Trucks

      Reply