Ford shares rise after Reuters China exclusive

Ford Motor rose as much as 4 percent on Sept 22, outperforming a 0.3 percent gain in its S&P sector index, after Reuters broke news on the auto maker’s plan to build its third car manufacturing plant in China. The news was a signal that Ford, a relative late-comer to China, the world’s biggest auto market, was speeding up its expansion. The company said it received numerous inquiries about the story. Dow Jones picked up the story, giving Reuters the credit, while Bloomberg later matched it but noted that the story had originally been reported by Reuters. The story was also picked up by Washington Post, Forbes, ABC News