Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020.
Rebecca Cook | Reuters
Ford Motor‘s stock jumped 8.5% on Wednesday during CEO Jim Farley’s first investor day as shareholders welcomed the automaker’s new “Ford+” plan aimed at increasing profits and aggressively expanding into new high-tech segments.
It rose again Thursday, up about 7.3% midday.
On Wednesday, executives also laid out clear sales forecasts for electric vehicles as well as profit and other financial targets that Wall Street can use to gauge the company’s progress.
“Bottom-line, we feel much better about the more cohesive strategy as Ford is focusing…