And yet another car company that’s trying to pick up what it has and restructure before it hits “0”.
I am talking about Ford. Here is Ford’s five year stock price chart. As you can see it’s on a decline. The highest point was back in 1999.
Just recently Ford management decided to layoff several thousand people, I am sure they are following the GM’s move to restructure their company before it goes down.
Eight dollars for Ford is not the lowest it’s been! The lowest point was back in November 2008, stock hit 1.01. And then of course it went up, because our government bailed-out the company.
Ford also wants to cut sedan production and focus more on crossovers and trucks.
Who wants to drive electric Ford Mustang?
This stock is a NO for me right now.