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Ford Motor's market value tops all-time high of US$ 100-billion Updated: 2022-01-14 21:45:33 KST

Ford Motor's market value reached a record-high of over 100-billion U.S. dollars on Thursday fueled by the company's plans to expand into EV production.
The company's share price rose 5.7 percent to hit a record 25.eight-seven dollars, the highest price in more than 20 years, before dropping to close at just above 25 dollars.
The action came after the firm revealed its plans to increase investment in electric vehicles leading investors to grab more shares.
Meanwhile, the automaker aims to produce 200-thousand more units of its electric SUV by 2023.
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