Aiming to gain ground in electric cars, Ford hires a former Apple and Tesla executive.

Ford Motor said on Tuesday that it had hired the senior executive who was leading Apple’s secretive car project to help the automaker push further into electric vehicles.

The executive, Doug Field, will be responsible for turning Ford vehicles into software-driven products that can interact with customers and provide new types of services, something Ford and other car companies say will become more important. Mr. Field’s title will be chief advanced technology and embedded systems officer, and he will report to Ford’s chief executive, Jim Farley.

At Apple, Mr. Field, 56, held the title of vice president of special projects

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Apparel Manufacturer Stocks Gain on PVH (PVH) Outlook

Apparel manufacturer stocks gained Wednesday after PVH Corp. (PVH) jumped 15% on the back of a better-than-expected quarterly report and an improved outlook for fiscal 2021.

Key Takeaways

  • Apparel manufacturing stocks rallied Wednesday after PVH topped Wall Street’s top-and bottom-line expectations.
  • PVH shares broke above a symmetrical triangle on above-average volume in a move that could trigger further bullish price action over the coming days.
  • Hanesbrand (HBI) shares rallied from the support of a multi-month uptrend line and the 200-day simple moving average (SMA), suggesting that the stock may be on the verge of regaining its upward momentum.

PVH, which

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