• Aug 20, 2010
Bill Ford, executive officer for Ford Motor Co., seems to be taking a fairly realistic stance when it comes to arch-rival General Motors releasing its IPO. While speaking at the kickoff of this weekend's Woodward Dream Cruise, Ford said that he was certain that some of his company's investors would likely move to GM, but he isn't entirely concerned. Even though Ford stock has slid off from its 52-week high of $14.57 recently, the company's executive officer said that he doesn't spend his time fretting over stock prices, preferring instead to worry about steering the company in the best direction possible.

This week, GM filed paperwork to issue an IPO, thought to be one of the largest offerings in America's history. Until then, Ford had enjoyed the privilege of being the only publicly-traded domestic auto manufacturer after both GM and Chrysler filed bankruptcy in 2009. With a new kid on the block, odds are some money is bound to move toward The General and away from FoMoCo.

[Source: Bloomberg, The Detroit Free Press | Image: Scott Olson/Getty Images]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 27 Comments
      • 4 Years Ago
      And you thought that grille was big *before* they enlarged it to 5x its actual size!
      • 4 Years Ago
      That pic just screams "Haters gonna hate."
      • 4 Years Ago
      Amen.

      They should be forced to payback the bond/shareholders they screwed with the $32b they currently have in the bank.

      Then and only then should they be able to have an IPO.
        • 4 Years Ago
        No, they shouldn't because otherwise there would be no point to bonds. You get paid interest because there's the risk that the company you loan money to will go bust, not because they're guaranteed to do great. That's the name of the game and bankruptcy is definitely part of it. The more likely a company is to go bankrupt the more interest they have to pay, so if you choose wisely you can get paid pretty richly in bonds.
        Only an idiot would invest all their money in bonds in a single company anyway.
      • 4 Years Ago
      If F drops to $10 or lower, I'm buying as much as I can afford (already own a good amount at $1.89).

      Analyst have varied target prices of $15-19 (unless they adjust them due to the GM IPO). And like some here I believe if it does start to drop it will be bought in droves and drive it back up.

      We'll have to wait and see.
      • 4 Years Ago
      The federal gov't has already shown that it won't hesitate to confiscate an individual's stock for the "good of the company". GM still has billions in uncovered pension obligations and if they go belly up again the IPO stock will be worth 10c on the dollar. Wise up America this is no longer private enterprise at work--this whole situation has been severely tainted by the gov't. Tax money bails them out, IPO money from the same taxpayer will be used to bring UAW obligations up to grade, and still broke--more tax money on the way and the cycle will start all over again.
      • 4 Years Ago
      The future at Ford is so bright, Bill's gotta wear shades!
      • 4 Years Ago
      I agree that the old shareholders should be paid before they can have an IPO because GM is not a new company. It's still the same old company with new management.
      • 4 Years Ago
      Sad in a way.
      • 4 Years Ago
      This may be a buy Ford (F) opportunity as i see support on the charts for (f) at $10.50 if it goes that low at GM's IPO... Plus, Ford is TWICE as profitbale as GM if you review the ytd performance - Ford $4.7B vs. GM $2.3B and Ford has more debt payments, although GM has more pension problems... over $17B worth!

      Some big investors have already said they'd wait thru GM ipo to see how it performs... not a good sign!
        • 4 Years Ago
        The screwed up thing is Ford minded its manners, avoided the Bankruptcy and did what it should to survive. Meanwhile GM runs to gov't gets a "loan" and now it is on par with Ford. Geez...moral hazard much?

        Ford has another problem down the road, and that is negotiations with UAW. Since UAW owns GM it will mean that what's good for GM will be good for UAW and that good is if Ford is artificially put at a disadvantage somehow. So I expect UAW to get very nasty with Ford, for that reason I'd short Ford stock.

        GM should have never been rescued because now it will start attacking Ford and unfairly reward the fat slobs rather than the rational savers. Unbelievable.
        • 4 Years Ago
        Yes, IF the economy stabilizes.
        • 4 Years Ago
        Funny... I just keep putting more and more money into Ford stock. While their stock price fluctuates, I've never lost *all* of my investment like I did with GM stock. I'll never buy GM stock again.

        If the economy stabilizes, Ford's stock will be worth double by this time next year.
      • 4 Years Ago
      I no longer want anything to do with GM after ole barry the Socialist Muslim Kenyan is directing it, along with his LIB DEM CRONIES!!! They know NOTHING about cars and make a MESS of EVERYTHING they touch!!!! Buy FORD and VOTE, RECALL and IMPEACH!!!
        • 4 Years Ago
        I myself am divided on the Bailout, but I will agree that getting out from under Washington would be one of the best things GM can do, and Chrysler for that matter.

        The sooner the better, because the "Government Motors" moniker will do more harm than good for their already bad image.
      • 4 Years Ago
      I certainly hope Ford's stock drops.

      That way I can buy more.. (^_^)
        • 4 Years Ago
        There will be a dip as some leave for GM but when they come back they'll have to pay more and well it will just be worth more for you.. This just makes me wish I had money in the stock market 'cause I'd be waiting by the PC to see the Ford stock dip and then start clicking BUY on Etrade or sumthing haha.
      • 4 Years Ago
      As long as Ford keeps making a profit, the investors will return. And if GM starts losing again, they will return with a vengeance.
    • Load More Comments