2 takeaways from Ford CEO that boost our confidence in the automaker

News Snapshot:

Ford CEO Jim Farley discussed a range of topics Thursday from hybrid and electric vehicles to how the automaker is dealing with international competitors. The remarks from a Wolfe Research investor conference left us feeling better about Ford's future. Wall Street seemed to agree, pushing the Club stock up more than 2% in afternoon trading. Farley struck a bullish tone on the future of the automaker's Pro business, made up of a commercial fleet vehicles that includes software and services for businesses. He also said a focus on hybrids will be a key strategy to offset electric vehicle losses. Hybrids,...