Ford Motor Company
Ford Motor Company stock opened at $8.44 today and finally settled at $8.37, down .59%. Ford Motor Company recently posted a record loss of $12.7 billion. In the article, we will be going over Ford Motor stock, company overview, chief products, and what the future holds for the company as seen by its key senior executives.
Ford Motor Company's stock is listed in New York and Pacific Stock Exchanges. The company is also listed in exchanges located in Belgium, France, Germany, Switzerland, and the UK.
Henry Ford founded Ford Motor Company, and was incorporated in Michigan. The company was later reincorporated in Delaware in the year 1919. Ford Motor Company stock was first offered to public on January 18, 1956. The price of the stock was $64.50 per share, and was first traded on NYSE on March 7, 1956.
Ford Motor Company stock was split six times since its inception. The stocks were split on May 31, 1962 (2 for 1 split), May 24, 1977 (5 for 4), December 1, 1983 (3 for 2), June 2, 1986 (3 for 2), January 12, 1988 (2 for 1), and July 5, 1944 (2 for 1).
Outlook of Ford Motor Company
Ford Motor Company expects its production to go down through the third quarter in year 2007, its structural cost reductions will continue to grow as plans are idles and capacity is reduced (READ: More Coming Layoffs). Ford believes that the US market is share will go down due to lower fleet sales. Ford has assets in tune of $33.9 billion; these include automotive cash, net marketable securities, loaned securities, and short-term voluntary employee beneficiary assets. Ford's Automotive Operating-related cash flow was a negative $1.8 billion in the fourth quarter. Ford Motor forecasts a continuing decline in market share due to increased price competition, market shift away from trucks or sports utility vehicles, declining sales due to slow economic growth in US, lower acceptance of new or existing products, and high fuel prices.
Ford Motor Company assumes a pre-tax loss in North America, and Asia Pacific and Africa. The company's plan includes having a pre-tax profit in South America, Europe, and in its Mazda and Associated Operations. In the fourth quarter of 2006, Ford had a loss $2,050 million from Continuing Operations Excluding Special Items. Total loss resulting from Continuing Operations is $5819 million. For the fiscal year 2006, Ford had a negative Earnings Per Share of $6.79.
Ford Motor Company competitors include General Motors Corporation, DaimlerChrysler AG, Toyota Motor Corporation, Hondo Motor Co., Ltd., and Nissan Motor Co., Ltd.
Key: Ford Motor Company (Public, NYSE:F)
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