Ford Family Says Not Discussing Sale of Stake

Ford Motor Co.'s (F) founding family said on Monday that members were not discussing sale of their holdings in the No. 2 U.S. automaker.

"The Ford family is not discussing the sale of its holdings in Ford Motor Company," said Ford family attorney David Hempstead, on behalf of the family. "Statements attributable to unnamed sources are untrue."

Ford shares rose nearly 4 percent in opening trading on the New York Stock Exchange following a Bloomberg report that founding family members were weighing the sale of a part of their controlling stake in Ford.

Citing unnamed sources, Bloomberg on Monday said Executive Chairman Bill Ford Jr. had briefed directors on the Ford family members' views before the shareholders meeting last Thursday.

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