(Reuters) Ford Motor Co’s (F.N) unexpected decision to replace its chief executive officer on Monday may not be the catalyst that revives its slumping share prices. Shares of the second-largest U.S. automaker rose 2.1 percent Monday, a relatively muted reaction given the 0.5 percent gain in the broad Standard & Poor’s 500 index .SPX. Over the last 12 months, shares of Ford are down nearly 16 percent due to concerns of declining automobile sales and the threat of autonomous vehicles to shrink future demand.
Investors Skeptical Ford CEO Change Will Revive Stock Price
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