|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.95 USD | +0.08% |
|
+7.56% | +6.23% |
| 12:20pm | RBC Adjusts Price Target on Ford Motor to $13 From $12 | MT |
| 12:03pm | Futures falter as Meta Platforms weighs on megacaps | RE |
SAO PAULO (Reuters) - The local unit of Ford Motor Co will pay almost 217 million reais (51 million pounds) to Brazil's state of Rio Grande do Sul after the parties reached a settlement regarding a law suit, newspaper Folha de S. Paulo reported on Tuesday.
According to the report, the claim was related to Ford's cancellation, in 1999, of a project to build a manufacturing facility in Brazil's southernmost state. Instead, Ford decided to build the factory in the state of Bahia.
Cash-strapped Rio Grande do Sul will use the money to help pay state employees, Folha reported.
($1 = 3.4009 reais)
(Reporting by Ana Mano; Editing by Mark Potter)
| 1st Jan change | Capi. | |
|---|---|---|
| +6.23% | 51.7B | |
| +34.99% | 314B | |
| +17.54% | 81.83B | |
| +5.33% | 71.7B | |
| +6.48% | 70.39B | |
| +19.10% | 55.65B | |
| +25.50% | 51.41B | |
| +28.18% | 43.61B | |
| +24.08% | 39.89B | |
| +21.25% | 27.51B |
FORD MOTOR COMPANY 
