Ford Stock Moves Higher on Shift to Smaller, Cheaper Cars
Ford Motor Co. (NYSE:F) stock is up 0.4% to trade at 19.5 billion. The news comes as the company focuses on producing smaller, more affordable vehicles, resulting in the cancellation of its larger F-150 Lightning EV pickup. Additionally, Ford will launch a battery energy storage system business that repurposes existing EV battery plants in Kentucky and Michigan.The stock reached a ...