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Ford (F) Stock Up on $1.8 Billion China Investment

NEW YORK (TheStreet) -- Shares of Ford (F - Get Report) are higher by 0.20% to $15 in pre-market trading on Monday morning, as the automaker plans to invest $1.8 billion in a new generation of smart cars out of China.

Ford has been seeing a decline in sales, industry wide weakness and growing competition in the country, the Wall Street Journal reports.

The Dearborn, MI-based Mustang producer will invest 11.4 billion yuan over the next five years in order to research how to include better smartphone connectivity, autonomous driving, and other smart car features, the Journal added.

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"We see China as a very big growth market. It's a great opportunity to grow not only our core business of selling cars and trucks but also provide services to people that may not want a car but still want to be mobile," Ford CEO Mark Fields told the Journal.

Separately, TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has...


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