Ford Crosses $100 Billion in Market Value for the First Time

Ford Crosses $100 Billion in Market Value for the First Time
The logo of Ford Motor Company in east Denver, on April 25, 2021. David Zalubowski/AP Photo
Reuters
Updated:

Ford Motor Co.’s market value breached $100 billion for the first time on Thursday, as more investors bet on the Detroit automaker’s electrification strategy.

The company’s shares, which have more than doubled in value last year, were up 3.7 percent in afternoon trade after hitting a more than two-decade high earlier.