Murphy’s auto part supplier will relocate to ecker’s after the carmaker’s shares dropped by as much as 7 per cent on Thursday.
The company has been struggling to keep up with rising demand for its parts.
Read more about Murphy’s car parts supplier: ecker car maker,news,stocks,companies source ABC News (AU) title Murphy has taken on more competitors as it moves to eekler’s auto maker article Murphy has entered into a contract with eeklers auto maker, bringing the Australian automaker’s stock market index to an all-time high.
Murphy’s shares had fallen more than 20 per cent in 2017.
Shares in the company jumped by more than 30 per cent over the course of the day.
Ecklers Auto maker’s stock rose by about 14 per cent and was trading at about $30.20.
Murphy is one of the most popular carmakers in Australia, with about 2.6 million employees.