Ford Shares Rise To Six-year High With Electric Vehicles On Wall Street

Ford Shares Rise To Six-year High With Electric Vehicles On Wall Street - ebuddynews

Ford announced its shares rise with its electric vehicles to a six-year high this year; previously, it lost 21,280 million USD and touched 2009 lows. That is how the stock market section opened this newspaper on March 23, 2020, when covid-19 was ravaging the entire planet, taking the lives of thousands of people.

The multinational company of the oval has multiplied by 3.6 times the price since that session, going from the 4.33 dollars per share to the 15.56 ‘green bills’ that it marked yesterday at midday on the New York Stock Exchange. In this way, Ford capitalizes on the stock market for almost 62,033 million USD, which would place it in fourth place on the Ibex 35 behind Inditex (11,452 million), Iberdrola (71,070), and Banco Santander (67,471).

The firm chaired by Bill Ford has shot up 77% this year, shattering the losses of almost 4% accumulated on the floor last year. A tremendously higher revaluation than that offered by the three Wall Street benchmarks such as the Dow Jones Industrials (+ 15.6%), Nasdaq 100 (+ 18.7%), and S&P 500 (+ 20.1%), according to its price at mid-session.

Ford shares improvement to rise as six-year high on Wall Street has been accentuating in recent weeks, after announcing at the end of last September an investment plan valued at about 10.997 million USD to the change to manufacturing batteries and more than a million electric vehicles per year. An investment manager warned that changing the market had valued Ford by its model towards sustainability. Furthermore, it has done so to largely neutralize the sector’s crisis through the lack of semiconductors. Ford still has an upward path, and an increase in contracting volumes is supporting the pull that has accumulated in recent weeks, “they add.

And they are right because the daily average of titles in the last three months has risen above 82.2 million. Further, its electrification goals After reporting rising volume, it would build giant electric vehicle and battery plants in Tennessee and Kentucky. Also, don’t forget that electric vehicles have fewer parts and generally require less labor to build. 

But it will not only build two mega-plants in the United States. But it will inject some 314 million USD into its British plant in Halewood to produce components for electric vehicles. It is expected whose production to start in 2024 with a capacity of about 250,000 units per year. And not only that, but Ford’s new roadmap with its electric vehicles also includes an investment of about 998 million USD to modernize its vehicle assembly facility in Cologne in Germany. That is, one of its manufacturing centers is the largest in Europe.

Send The Electrification

The investment will modify assembly operations to manufacture electric vehicles—Ford Company’s first facility of its kind in Europe. The First European-made volume of Ford fully electric passenger car will roll off the Cologne production line in 2023. This step marks Ford company’s first internal investment in manufacturing fully electric vehicle components in Europe. Further, our goal of 100% of Ford passenger vehicle sales in Europe to be fully electric and two-thirds of commercial sales to be fully electric or plug-in hybrids by 2030, explained Stuart Rowley, President of Ford of Europe.

Meanwhile, we will have to wait until next October 27 to know its results for the year’s first nine months. It should remember that it earned about 3,749 million USD throughout the first semester compared to losses of 858 million in the same period of the previous year, undoubtedly marked by the pandemic crisis. The car manufacturer justified this improvement – “greater than expected” – by implementing the Ford + strategic plan that it is carrying out and in the parallel management of the semiconductor crisis.

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