Juan Fangio won the French Grand Prix 1954 at Reims-Gueux on 4 July 1954, starting from pole position. Karl Kling finished second for Mercedes, with Robert Manzon completing the podium for Ferrari.
| Pos | Grid | Driver | Team | Laps | Time / Status | Pts | FL |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Juan FangioFAN | Mercedes | 61 | 2:42:47.9 | 8 | |
| 2 | 2 | Karl KlingKLI | Mercedes | 61 | +0.1 | 6 | |
| 3 | 12 | Robert ManzonMAN | Ferrari | 60 | +1 Lap | 4 | |
| 4 | 6 | Prince BiraBIR | Maserati | 60 | +1 Lap | 3 | |
| 5 | 14 | Luigi VilloresiVIL | Maserati | 58 | +3 Laps | 2 | |
| 6 | 17 | Jean BehraBEH | Gordini | 56 | +5 Laps | 0 | |
| R | 19 | Paul FrèreFRR | Gordini | 50 | Axle | 0 | |
| R | 9 | Maurice TrintignantTRI | Ferrari | 36 | Engine | 0 | |
| R | 13 | Louis RosierROS | Ferrari | 27 | Engine | 0 | |
| R | 5 | Onofre MarimónMAR | Maserati | 27 | Gearbox | 0 | |
| R | 11 | Roberto MieresMIE | Maserati | 24 | Engine | 0 | |
| R | 16 | Ken WhartonWHA | Maserati | 19 | Transmission | 0 | |
| R | 21 | Harry SchellSCH | Maserati | 19 | Fuel pump | 0 | |
| R | 7 | Hans HerrmannHER | Mercedes | 16 | Engine | 1 | |
| R | 10 | Roy SalvadoriSAL | Maserati | 15 | Halfshaft | 0 | |
| R | 4 | José Froilán GonzálezGON | Ferrari | 13 | Engine | 0 | |
| R | 15 | Lance MacklinMAC | HWM | 10 | Engine | 0 | |
| R | 20 | Georges BergerBER | Gordini | 9 | Engine | 0 | |
| R | 8 | Mike HawthornHAW | Ferrari | 9 | Engine | 0 | |
| R | 18 | Jacques PolletPOL | Gordini | 8 | Engine | 0 | |
| R | 3 | Alberto AscariASC | Maserati | 1 | Transmission | 0 | |
| W | 0 | Sergio MantovaniMAN | Maserati | 0 | Withdrew | 0 |