April 11, 2021
Business News

Morgan Stanley Sees Ford Reaping $5 Billion From Google Deal

(Bloomberg) — Ford Motor Co.’s new alliance with Alphabet Inc. unit Google could create an annual revenue stream of $9 billion and generate a gusher of $5 billion in profit for the automaker, according to an estimate by Morgan Stanley.

A new revenue source of that magnitude might double Ford’s $43 billion market capitalization and send its stock soaring to $25, up from less than $11 now, Adam Jonas, Morgan Stanley’s automotive analyst, wrote in a note to investors Tuesday.

Ford has 75 million vehicles…

Click here to view the original article.

Related Posts

You might also like ...

Article feature image
Student loan forgiveness: What $10,000 in cancellation would look like by U.S. state
“Godzilla vs. Kong” Continues to Dominate the Global Box Office, Amassing Over $350 Million in Its First Weeks
AON Splash Image
Microsoft (MSFT) Is in Talks to Buy Nuance (NUAN) – Bloomberg