Ford Motor Stock Price Rise Ahead of First Quarter Earning Released
Ford Motor Company stock price is on the rise today despite its own warnings that it will post a $2 billion loss. It is likely a leap of faith on behalf of investors hoping for some good news along with the bad taking into consideration Ford’s plans to re-open its manufacturing in Europe and and the US in May with agreement from the unions.
New social distancing measures have helped Ford to secure the support of the unions for a return to work. Ford are currently testing wristbands that vibrate when workers get within 6ft of each other which is the recommended distance to prevent the spread of coronavirus. Other proposals by Ford include fever-detecting thermal-imaging scanning and plastic face shields.