Ford’s $2 Billion EV Gamble Ranks 216th in Daily Trading Volume Amid Production Overhaul

Ford Motor Co. (F) rose 0.17% on August 18, with a trading volume of $0.42 billion, ranking 216th in the stock market. The automaker announced a $2 billion investment to retool its Louisville Assembly Plant for low-cost electric vehicles (EVs), including a $30,000 mid-size pickup truck targeting 2027. The project involves replacing traditional assembly lines with a modular system that reduces parts by 20%, cuts production time by 15%, and utilizes lithium iron phosphate batteries from its Michigan BlueOval facility. Despite an EV division loss of $1.3 billion last quarter, CEO Jim Farley described the initiative as a “risky but necessary bet” to stabilize margins. The workforce at Louisville will decrease to 2,200 employees, with union support citing improved safety measures. Kentucky officials approved up to $550 million in tax incentives for Ford’s $5.55 billion state investments, emphasizing the plant’s role in EV innovation.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day resulted in a moderate return. The total profit from this strategy, considering the given time frame from 2022 to the present, is $2,340. The cumulative return reaches 23.4%. This indicates a positive performance, but the returns are not significantly high, suggesting a more conservative approach to trading volume-based strategies.