Why Shares of Ford Motor Company Are Rising Today

Shares of Ford Motor Company (NYSE: F) were up sharply on Tuesday morning, on optimism about the U.S. economy and after the company announced a series of efforts to produce urgently needed equipment to fight the coronavirus pandemic. 

As of 10:15 a.m. EDT, Ford's shoes were up about 11.8% from Monday's closing price.

In an early morning press conference, Ford, together with executives from 3M (NYSE: MMM) and the healthcare division of General Electric (NYSE: GE) announced a series of efforts to increase production of hospital ventilators and protective equipment.

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Source Fool.com