Benzinga | Oct 7, 2021 10:16AM EDT

Why Ford Shares Are Rising

Ford Motor Company (NYSE:F) shares are trading higher in sympathy with the overall market on optimism Congress will near a deal that would prevent a government shutdown.

Earlier reports also suggested Tata Motors Limited (NYSE:TTM) is considering taking over Ford's India's car manufacturing plant in Chennai.

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide.

Ford Motor's stock was trading about 4.3% higher at $14.73 per share on Thursday at the time of publication. The stock has a 52-week high of $16.45 and a 52-week low of $7.20.