Why Ford Motor Stock Closed Higher on Friday

Shares of Ford Motor Company (NYSE: F) closed higher on Friday, after the company confirmed that it will begin reopening its factories in the U.S. and Canada on May 18.

Ford's shares ended the day at $5.24, up 7.6% from Thursday's closing price. 

Ford confirmed on Thursday that it will join Detroit rivals General Motors (NYSE: GM) and Fiat Chrysler Automobiles (NYSE: FCAU) in resuming production in North America on May 18. 

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Source Fool.com