Eugenio Castellotti finished second for the Lancia team and Maserati drivers Jean Behra and Cesare Perdisa came in third.

The Silver Arrows of Fangio and Moss dominated, running 1–2 until half distance, trailed by Ascari and Castellotti.

[2] The new leader, Ascari, miscalculated the chicane coming out of the tunnel, and his Lancia crashed through the barriers into the harbour.

Maurice Trintignant, in a Ferrari 625 thought to be uncompetitive, inherited the lead and scored his first Formula One victory.

This was the last Grand Prix appearance for Alberto Ascari; he was killed four days later testing a Ferrari sports car at Monza.