China automaker worth half of Ford's value as shares rise 7%
Shares of Chinese automaker Geely Automobile surged over 7% on Tuesday to a record high. This values the company at $22 billion, equivalent to more than half of American automaker Ford Motor's $43 billion valuation. This came after Geely's July sales rose by 88% from a year earlier, while sales for the first seven months of 2017 increased by 89%.