Ford’s stock jumps Tuesday after vehicle maker hires former Apple, Tesla executive

Ford’s stock jumps Tuesday after vehicle maker hires former Apple, Tesla executive

Last Updated: Sept. 7, 2021 astatine 3:38 p.m. ET First Published: Sept. 7, 2021 astatine 3:26 p.m. ET

Former caput of Tesla engineering to absorption connected Ford’s next-generation in-car technology

Ford Motor Co. unveiled an electrical F-150 pickup motortruck earlier this year.

Jeff kowalsky/Agence France-Presse/Getty Images

Ford Motor Co. announced Tuesday that it hired the enforcement successful complaint of Apple’s automotive efforts, and shares instantly jumped.

Ford F announced that Doug Field volition instrumentality implicit arsenic main precocious exertion and embedded systems officer, which volition enactment him successful complaint of next-generation exertion successful Ford automobiles. Field had been serving arsenic the vice president of “special products” astatine Apple AAPL aft antecedently moving astatine Tesla Inc. TSLA arsenic elder vice president of engineering.

“Doug...

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