Lewis Hamilton’s shock switch to Ferrari sends Italian FI brand’s shares into overdrive
Record profits and share price on Wall Street following a bumper year for Scuderia in 2023
News of Lewis Hamilton’s shock transfer from Mercedes AMG F1 to the Ferrari for 2025 was the cherry on the top in a very good week for the Italian manufacturer.
Hamilton’s move to Ferrari on Thursday saw the Scuderia’s share price rocket more than 10 per cent – equating to just under $7billion (€6.43 bilion).
After two difficult seasons where it has lost the top spot to Red Bull, Mercedes, led by Totto Wolff, confirmed that seven-time world champion ...