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Ford Motor Company was quick to issue a brief statement regarding the meeting that took place between its CEO, Alan Mulally, and executives from Toyota last week in Japan in order to quell speculation of an alliance or partnership, but news of the meeting had a very positive effect on the Blue Oval's share price today, which rose to a three week high of $7.59, up about 1.3 percent or 10 percent compared to yesterday. Ford's stock began to rise around noon yesterday as news of the meeting began to spread. Wall Street is likely reacting to the prospect that any collaboration with Toyota could result in some much needed cost-cutting at Ford. Tomorrow will tell us whether Ford's stock deserves to be flirting with $7.60, but for the time being the idea that our own Blue Oval could be in cahoots with the Japanese Juggernaut has investors curious and hopeful.

[Source: Reuters]

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    • 1 Second Ago
      • 8 Years Ago
      Mark should enlighten me on what a "patner" is. This Ford/Toyota partnership is all hype. No one is taking this seriously.
      • 8 Years Ago
      Toyota's market capitalization is now more than 240 billion $$$$.

      By the end of 2007, I think it will go over 300 billion.

      • 8 Years Ago
      Wall Street goes nuts over (any hint) of M&A, that's where all their bonuses came from.

      I would love to see Toyota pick up Mazda, with its great engineering abilities (and Toyota needs proven engineers for their rapid worldwide expansion).

      • 8 Years Ago
      in other news toyota hit an all time high today. You guys miss that? As roger dodger says, wall street loves that news.

      mark, might want to put the paint chips away. retard.
      • 8 Years Ago
      . heller, ford, uuuuuuuuuuuu need 2 find another partner okkkkkkkk.



      don't even try to be a patner

      I will try 2 talk will all altisclubzz.com not letting to be partner

      You will face a .......... fist