Why Ford Motor Stock Is Up Today
Shares of Ford Motor (NYSE: F) were trading higher on Monday after the company revealed a new plug-in hybrid version of its Escape SUV that outpaces a key competitor from Toyota (NYSE: TM).
As of 2:22 p.m. EDT, Ford's shares were up about 2.4% from Friday's closing price.
Ford said that its new plug-in hybrid (PHEV) Escape will have an EPA-estimated electric fuel economy rating of 100 MPGe and a starting price of $34,285. Both of those numbers were better than the figures for the SUV's likely chief rival, the upcoming PHEV Toyota RAV4 Prime, which will have an estimated 94 MPGe and a starting price of just over $39,000.
Source Fool.com
