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Ford shares rose 3.4%, market value topped $100 billion

Tiger Newspress2022-01-13

Ford shares rose 3.4%, market value topped $100 billion.Ford Motor Co.’s market value topped $100 billion as investors bet on the 118-year-old automaker’s prospects in the dawning

The automaker’s new market cap exceeds rival General Motors Co. and electric truck startup Rivian Automotive Inc. But it still is a far cry from Tesla Inc., which investors have valued at more than $1 trillion.

The milestone comes as Ford is doubling production of the electric F-150 Lightning pickup going on sale this spring. The Dearborn, Michigan-based company also is ratcheting up production of the battery-powered Mustang Mach-E at a factory in Mexico.

The shares have been on a tear since Jim Farley became chief executive officer 15 months ago, after falling to a 10-year low under his predecessor. Farley accelerated Ford’s shift to electric and autonomous vehicles. He has pledged that Ford will manufacture 600,000 EVs a year by 2024 with more to come from battery and assembly plants the company is building in Tennessee and Kentucky.

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Comment45

  • danieltalks
    ·2022-01-14
    Nice
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  • Mindthink
    ·2022-01-14
    Wow
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  • bostonxsgp
    ·2022-01-14
    lesgo
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  • FlorCheah
    ·2022-01-14
    Wow
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  • RS142
    ·2022-01-14
    Good
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  • LifeLearner
    ·2022-01-14
    up and coming
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  • HOTBE
    ·2022-01-14
    Fantastic, Awesome 
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  • BlueDragon
    ·2022-01-14
    Nice
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  • claratan
    ·2022-01-14
    Wow 
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  • TK360
    ·2022-01-14
    Nice 
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  • xiaobaii
    ·2022-01-14
    like & comment please 
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  • kwwh
    ·2022-01-14
    Okay good
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  • YMF808
    ·2022-01-14
    Catch up game
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  • vic78
    ·2022-01-14
    👍👍
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  • Cheryi
    ·2022-01-14
    Ok
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  • fysx49
    ·2022-01-14
    Transition to EV creat lot of uncertainty butalso opportunity
    Reply
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  • Limhockmeng
    ·2022-01-14
    Wow 
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  • Blinkfans
    ·2022-01-14
    Good 
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  • RichTee
    ·2022-01-14
    Nice 
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    Fold Replies
    • RichTee
      Good
      2022-01-14
      Reply
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  • AmitS
    ·2022-01-14
    Cool
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