Earlier this week we reported that General Motors (GM) was to file for IPO, but who would have thought that rival Ford would be worrying that some of its investors could move over to GM. Bill Ford it seems is being realistic about the fact, but notes that he is not that concerned.
According to a Bloomberg article written by Tim Higgins, he points to the fact that The Blue Oval stock has fallen after its one-year high of $14.57. Bill Ford has said that he has more important things to worry about than keeping a close eye on what the company’s stocks are doing, and he certainly has a point – as monitoring such a thing could consume you and take your focus from more important matters.
The General Motors initial public offering should be ready in about three months, and will aim to offload about one-fifth of its government ownership, something that should come as good news to the U.S. taxpayers – not that they will ever notice.
Ford knows that they were the only big U.S. automaker to have survived bankruptcy – preferring not to get any help for the treasury. They have shown that it is possible to survive the troubles that the auto market has thrown at them, but how will they handle the GM IPO? Only time will tell.