Ford's stock price hits the largest increase in three years due to its plan to mitigate the impact of supplier fires

Ford Motor indicated that a key supplier for its best-selling F-150 pickup truck is in trouble due to a devastating fire, but the company is expected to largely recover next year. This news drove Ford's stock price to its largest increase in over three years, while alleviating market concerns about one of the automaker's most profitable businesses. Ford's stock price rose by 10%, marking the largest intraday increase since January 2022, and has accumulated a 25% increase year-to-date as of Thursday's close