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Ford reaches $100B market cap thanks to the Jim Farley Effect

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Ford’s stock has increased in value by over 269% since CEO Jim Farley took his post as head of the automaker in October 2020. While Ford was developing various EV programs and projects during former CEO Jim Hackett’s post, Farley has taken the electric programs at the Dearborn, Michigan-based automaker into overdrive.

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Ford signs joint venture with SK Innovation, backtracking its ‘no advantage’ battery stance

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The announcement shows Ford has backtracked on its previous stance of manufacturing batteries in-house, after the company’s previous CEO Jim Hackett said there is “no advantage” to automakers building cells themselves. truck market for years.

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