Ford Stock Rises After EV Buying Agreement With United Rentals

Dow Jones2022-05-10

Shares of Ford Motor Co. $(F)$ rose 1.5% in premarket trading Tuesday, after the automaker and equipment rental company United Rentals Inc. announced an agreement in which United Rentals to buy electric vehicles from Ford.

United Rentals stock were indicated up more than 1.5%. The agreement initially includes orders for 500 F-150 Lightning trucks and 30 E-Transit vans, with 120 of the F-150s and all 30 E-Transits to be delivered this year.

United Rentals said the trucks and vans will be sued by its customers on construction and industrial sites and by the company's sales, service and delivery employees. Ford's stock has plunged 35.6% year to date through Monday and United Rentals shares have dropped 13.7%, while the S&P 500 has shed 16.3%.

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The plant
·2022-05-10
Hah
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Kenang
·2022-05-10
Pls like
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Kenang
·2022-05-10
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