Ford Motor Co. shares climbed on Monday as the company won the North American Car and Truck of the year awards for the 2010 Ford Fusion Hybrid and the 2010 Ford Transit Connect, respectively, at the 2010 Detroit Auto Show.
Ford shares climbed 3.08 percent to $12.05 each at the New York Mercantile Exchange Monday at 1:00 p.m.
In the history of the awards, this is the third time that one manufacturer has won both titles. The awards recognize vehicles based on factors including innovation, design, safety, handling, driver satisfaction and value for the dollar. The winners are selected by a jury of 49 automotive journalists in the United States and Canada.
We can take five minutes to enjoy it and then get back to work. We can't afford for one minute to rest on our laurels, Ford's Executive Chairman Bill Ford Jr. said on the Detroit Show, according to the Detroit Free Press.
Ford is the only one of the three Detroit automakers that did not file for bankruptcy last year. The company managed to survive without any of the $120 billion U.S. government bailout given to the auto industry.
Also today the company announced it plans to assemble a new gas-electric hybrid and a new all electric vehicle at Michigan Assembly plant starting in 2012.