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General Motors IPO: Attraction for Ford investors

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.

Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb: peter@product-reviews.net

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb: peter@product-reviews.net

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