Ford Motor Co.’s plan detailing future initiatives was “very light on details,” analysts at Morgan Stanley said in a note Wednesday. Ford late Tuesday disclosed a goal to cut expenses and push for electric cars, and trucks and SUVs. “We got the impression that Ford wanted to convey extremely high-level strategic objectives … but is still working through the alternatives and has not yet achieved enough solidity on key partnerships to disclose anything significant,” the analysts said. Ford shares rose 0.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News