According to DailyFinance, automakers Ford and Toyota are "Market Movers," who, with several new models, should see a nice jump in their share prices.
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 fro
About a year ago, when Ford's stock dropped to just above $1 per share, we had a total Ralph Kramden-style get rich quick epiphany. Take all our money and buy Ford stock. Why? Having driven Ford's new, excellent products (like, say, the 2010 Ford Fusion), we knew that barring some weird disaster, that its stock could only, would only rise. Talk about easy money – we'd just si
When Ford Motor Company CEO Alan Mulally joined team Ford back in 2006, Blue Oval stocks were trading at $8.36 per share. But a very bad recession and an especially hard hit auto market have torpedoed Ford shares to their lowest levels in decades. With stocks hovering around the Mendoza line, Mulally has the opportunity to make some real coin, as he's been awarded the option to purchase five million shares of common Ford stock.
Just four months ago, Kirk Kerkorian had a cup out and was asking passers-by for some spare Ford shares. Although he only wanted 20 million of them, he was offered one billion. Turns out those folks trying to get out of the Ford ownership business might have been a bit more prescient than the Tracinda billionaire. After a couple more weeks of watching Ford's share price begin digging to
In an effort to secure more capital and reduce debt, Ford plans to sell $500m in new stock. Ford will use the cash infusion to buy bonds from Ford Motor Credit, which has been struggling with the slow economy and nation-wide credit crunch. Goldman Sachs is handling the stock sale, and Ford has given no timetable for when the stocks will enter the market. Ford has already exchanged deb
Kirk Kerkorian's associate Jerry York stated last Thursday that Ford would do well to sell Volvo and extinguish Mercury. Coincidentally (or not) Ford's stock zoomed up to one of the highest price levels it's seen in the last six months. Tracinda Corporation, Kerkorian's firm, has expressed faith in Mulally's leadership and his plan to strengthen the automaker. There has been speculation about