Ford at $100 Billion Joins Rare Club With Market Cap Below Sales
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Ford Motor Co.’s rally to top $100 billion in market value places it in a odd group: that of companies that are worth less than what they generate in sales.
Ford market cap breached the $100 billion milestone earlier on Thursday after a rally pushed the stock to a 20-year high. Annual sales at the 118-year old automaker though have been already above that mark for three decades.