Over the past week, the price has increased by 4%. The stock had been priced at $ 15.10 on October 11, nearly 6% below the weekly high that hit Friday morning. On the same day, the trading session was closed at $ 15.71. Its trading volume is surging every second, and its market cap is 62.718B. Ford is one of the largest companies that specializes in the design and manufacture of various types of vehicles ranging from trucks to electric vehicles.
Ford wants to invest up to $ 315.6 million in an electric car parts plant in Halewood. This will be the first big internal investment. The factory is going to produce electric power units (PUs) for Ford that will replace the engine and transmission for ordinary cars. The facility is expected to start producing PUs around June 2024 with a maximum possible annual output of 250,000 units per year.