Ford Motor Company Stock still in decline: future in doubt
Filed under: Autos | By: Peter Chubb
Posted on: October 9, 2008 | 2 Comments
Ford Motor Company has seen their stock shares fall yet again, on Wednesday they fell 8.9 percent, leaving them at $2.66. This is the lowest Ford’s shares have been since 1985, but it is not just the oval badge that is feeling the pinch. GM also saw their shares fall 8.6 percent, leaving them at $6.91, that’s their lowest since 1953.
The decline in stock shares means that the two auto giants have now seen a reduction in the value of their company. Both have been doing all they can to try and help them through these troubled times; they have reduced the earnings of white-collar workers.
Just five years ago Ford family’s special Class B shares were worth $586 million, that figure is just $189 million today. Back in 1999, the company was worth $2.25 billion. So what now for Ford, one thing is certain, their future is now in doubt.
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“The decline in stock shares means that the two auto giants have now seen a reduction in the value of their company.” — no kidding. This is the worst article ever written on the internet.
Rumple4skin, I agree! Never have I seen such a shallow and empty article. Reminds me of a last minute attempt for a paper in grade school.