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Ford Motor Chair Bill Ford on automaker’s stock rally, SPACs and investors

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DETROIT – After a decade of mediocrity, shares of Ford Motor are up by nearly 50% so far this year and on pace for their best annual performance since 2009.

Investors like the new turnaround plan from CEO Jim Farley called Ford+ that aims to better position the automaker to build electric and autonomous vehicles as well as to generate recurring revenue. Thus far, electric vehicle introductions from Ford such as the Mustang Mach-E and upcoming Ford F-150 Lightning have been well-received by investors.

Ford Chair Bill Ford says the company plans to keep the momentum going into 2022 and beyond, despite an ongoing global shortage of semiconductor chips causing production disruptions.

“When we…



Source cnbc.com

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