Ford Motor Co. shares surged by as much as 15% following a bullish call from Morgan Stanley, marking the stock's best one-day performance since March 2020. In just two days, shares gained 20%, helping it turn positive for the year. While US manufacturing output accelerated due to increased auto production, supply disruptions from the war with Iran are casting a shadow over the sector. Ford is preparing to support a defense industrial mobilization in North America and Europe and is exploring how its commercial vehicles and related technologies could help governments quickly build defenses cost-effectively.
