Tag: ford
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Tesla stock is worth more than Ford
Tesla stock has stunned the stock market by overtaking the 115 year old company Ford in stock value. Tesla’s market cap was US$47.46 billion (AUS$62.5 bn) yesterday, whereas Ford’s market cap decreased to US$44.89 billion (AUS$59 bn). This sudden drop in Ford value is due to recent bad news announced by the company, which contrasted Tesla’s good news. Tesla reported an…
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The end of an era for Ford
As of today, Ford factories across Australia are officially closing for business. The decision was finalised three years ago by at the time president and chief executive, Bob Graziano. The decision was based on the United States head office refusal to import Australian-made Ford Falcons as police cars, killing off Ford‘s Australian exporting business and making it…
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Latest Ford Falcon sells out in a day
Ford released their last (and fastest) ever Falcon “Sprint” yesterday and all 1400 cars have been sold already. The car company will officially be shutting down it’s Australian factories in October therefore dealers were quick to snap up the latest edition. Ford has made it clear that it cannot and will not build anymore. Of…