Why Ford Motor Stock Is Climbing Today
Shares of Ford Motor (NYSE: F) traded up 5% on Wednesday afternoon as the result of positive developments on two big stories related to the automaker.
Ford and other automakers are in a tough situation right now due to a shortage of computer chips, which is forcing Ford to temporarily curtail production of key models including its F-150 pickup. That's going to put pressure on sales, and investors have been concerned the issue will take time to resolve.
On Wednesday, the White House stepped in to try to assist the industry. President Joe Biden is expected to sign an executive order directing a review of supply chains for critical materials, including searching for ways to free up supplies for the auto industry.
Source Fool.com
