A record crowd of over 100,000 spectators crammed into the forest track to watch this dramatic race. The Maseratis were definitely capable of matching the Ferraris for sheer speed - Juan Manuel Fangio put in a record-shattering practice lap of 117mph. At the flag, he waved José Froilán González past and stunned everyone with another blitzkrieg lap of 110mph from a standing start. After 11 laps, González had pulled out a full minute's lead, but it had taken its toll on his engine which expired, leaving Fangio half a minute clear. On lap 13, it was the other Argentine's turn to fall prey to engine troubles and Ferrari inherited another 1-2 victory from the third Argentine driver Onofre Marimon who gained his first podium position.
| Pos | No | Driver | Constructor | Laps | Time/Retired | Grid | Points |
|---|---|---|---|---|---|---|---|
| 1 | 10 | Alberto Ascari | Ferrari | 36 | 2:48:30.3 | 2 | 8 |
| 2 | 8 | Luigi Villoresi | Ferrari | 36 | + 2:48.2 | 5 | 6 |
| 3 | 28 | Onofre Marimon | Maserati | 35 | + 1 Lap | 16 | 4 |
| 4 | 30 | Toulo de Graffenried | Maserati | 35 | + 1 Lap | 9 | 3 |
| 5 | 18 | Maurice Trintignant | Gordini | 35 | + 1 Lap | 8 | 2 |
| 6 | 14 | Mike Hawthorn | Ferrari | 35 | + 1 Lap | 7 | |
| 7 | 20 | Harry Schell | Gordini | 33 | + 3 Laps | 12 | |
| 8 | 32 | Louis Rosier | Ferrari | 33 | + 3 Laps | 13 | |
| 9 | 38 | Fred Wacker | Gordini | 32 | + 4 Laps | 15 | |
| 10 | 24 | Paul Frere | HWM-Alta | 30 | + 6 Laps | 11 | |
| 11 | 40 | Andre Pilette | Connaught-Lea-Francis | 29 | + 7 Laps | 18 | |
| Ret | 6 | Johnny Claes Juan Manuel Fangio | Maserati | 35 | Accident | 10 | |
| Ret | 22 | Lance Macklin | HWM-Alta | 19 | Engine | 17 | |
| Ret | 12 | Nino Farina | Ferrari | 16 | Engine | 4 | |
| Ret | 4 | Juan Manuel Fangio | Maserati | 13 | Engine | 1 | |
| Ret | 2 | José Froilán González | Maserati | 11 | Throttle | 3 | 1 |
| Ret | 16 | Jean Behra | Gordini | 9 | Engine | 14 | |
| Ret | 26 | Peter Collins | HWM-Alta | 4 | Clutch | 16 | |
| Ret | 34 | Georges Berger | Simca-Gordini-Gordini | 3 | Engine | 20 | |
| Ret | 36 | Arthur Legat | Veritas | 0 | Transmission | 19 |