Ford: So Ugly It's Cute?
10-23-2006, 04:53 PM
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Ford: So Ugly It's Cute?
Tough day for Ford as it came out with Q3 earnings today. GM benefited on Ford's bad fortune though.
http://www.fool.com/News/mft/2006/mft06102...ogvisit=y&npu=y
One part made me laugh out loud, kinda funny:
Ford is thinking of selling its Aston Martin unit, which I think is a right move. Aston Martin cars are gorgeous but not beneficial to Ford's current condition.
On the other hand, Toyota's stock is doing exceptionally well and its market cap is up to $212 billion.
http://www.fool.com/News/mft/2006/mft06102...ogvisit=y&npu=y
One part made me laugh out loud, kinda funny:
Whence the ugliness? Well, it starts at the top. Auto sales were down 6% for the quarter, to $32.6 billion. Sales units were down only 1%, which tells us that Ford is moving product for less money. It not only sold more of its cheaper cars, but also sold its more expensive cars more cheaply. That's what happens when the likes of Honda (NYSE: HMC) and Toyota (NYSE: TM) are eating your lunch.
On the other hand, Toyota's stock is doing exceptionally well and its market cap is up to $212 billion.
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