Why Ford Stock Is Surging Today
Shares of Ford Motor Company (NYSE: F) were trading sharply higher on Wednesday, after the company shared details of its electric vehicle and profit growth plans at a morning-long event for investors and analysts.
As of 1:30 p.m. EDT, Ford's shares were up about 7.4% from Tuesday's closing price.
In a live-streamed event on Wednesday morning, CEO Jim Farley and other Ford executives outlined the company's plan to transition to electric vehicles with advanced connectivity that deliver ongoing revenue streams via a series of subscription software applications.
Source Fool.com
