Ferrari is now worth more than General Motors and Ford

[Tek]

Ferrari is now worth more than General Motors or Ford, after its market value surged Monday morning to about $30 billion.

Ferrari’s shares jumped as much as 7% on Monday, after the Maranello, Italy-based sports car maker reported better-than-expected earnings. Despite shutting its factory in March, the company’s total shipments of cars increased 5% to 2,738. Revenue fell only 1% to $1.02 billion — better than the $852 million analysts expected.

Ferrari is now worth more than General Motors and Ford

Ferrari's market value surged to $30 billion Monday morning, more than the value of General Motors or Ford Motor.

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