Today, a lot of so called arbitrage, much of it done by hedge funds, involves assets that have some similarities but are not identical. This is not pure arbitrage and can be far from risk free. Arbitrage pricing theory This is one of two influential economic theories of how assets are priced in the financial markets.
Ford of Europe introduced the Focus in 1998 to the European market as a replacement for the Ford Escort. The decision to name the new car the Ford Focus was made in early 1998, as Ford's overheads had been planning to keep the Escort nameplate for its new generation of small family cars.
The name was subsequently and briefly used for one of the Ford Explorer Sport (two door)'s trim levels during the 1995 model year, before applied to this SUV for the 1997 model year. Expeditions were originally built in Wayne, Michigan. In 2009, Ford shifted third generation production to Louisville, Kentucky, and converted the Wayne assembly plant to build the Focus. A refreshed third generation arrived to dealers in July 2014 for the 2015 model year.