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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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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2
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RS142
·2022-01-14
Good
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4
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LifeLearner
·2022-01-14
up and coming
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3
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HOTBE
·2022-01-14
Fantastic, Awesome
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3
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BlueDragon
·2022-01-14
Nice
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3
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claratan
·2022-01-14
Wow
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3
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TK360
·2022-01-14
Nice
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xiaobaii
·2022-01-14
like & comment please
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4
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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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5
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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
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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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AmitS
·2022-01-14
Cool
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