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Ford’s Market Value Closes Above GM’s for First Time in Five Years

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Ford Motor Co.’s surging stock has given it a market value greater than rival General Motors Co. for the first time in more than five years.

Ford had a market value of $83 billion at the close in New York, just barely ahead of GM’s $82.9 billion. The last time Ford was valued at more than its Detroit-based rival was Sept. 14, 2016, when Ford closed the day with a market cap of $48.2 billion.