Ferrari Market Cap Hits €53 Billion, Italian Automaker Is More Valuable Than GM

Enzo created the myth that is Ferrari, but his oft-overlooked successor grew the brand into what the Prancing Horse is today. Luca di Montezemolo is the man in question, serving as the big kahuna in Maranello for a whopping 23 years. The late Sergio Marchionne did a lot for the supercar manufacturer as well, despite his initial doubt over the idea of a sport utility vehicle. The first-ever sport utility vehicle from the Cavallino Rampante... (continue reading...)