Ford’s market value topped US$100 billion on Thursday (13), after the second-largest US automaker’s share reached its peak in two decades.
Ford’s market value reached US$101.5 billion (R$560.7 billion), with analysts predicting the company’s strong performance in the fourth quarter as it was able to pass on prices in the wake of the rise in raw materials.
In addition, the website The Verge reported that Tesla removed from its website the forecast for the start of mass production of the Cybertruck electric pickup.
Deutsche Bank raised Ford’s share price target from $18 to $24, predicting the company will continue to benefit from the success of its electric vehicle lineup. This afternoon, the company’s share was out at US$ 25.19.
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I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
