Ford Motor Company (NYSE: F) drops to the red bottom

Ford Motor Co. does not find footholds today

In brief: Ford Motor Company (NYSE: F) shares falling in price on the background of the negative U.S. automotive market.

Ford Motor Company (NYSE: F) shares lost in value today. Ford Motor Company (NYSE: F) is near 12.93-12.935. Ford losses amount to -0.05 points (-0.39%) in the first half of the U.S. stock trades. Obama’s speech did not help Ford.

Obama talked about improving the situation in the automotive industry. U.S. President believes in the growth of car sales. “This year, automakers have not become close to the traditional summer holiday plants to meet demand”, – he stressed. “All companies within the industry operate with maximum or near maximum load,” – says Obama. He also expressed confidence that the U.S. government came true, supporting the American automakers – General Motors and Chrysler. The two companies in 2009 was granted a loan from the state. “Ford” on public assistance declined as its leadership has chosen on its own to solve existing problems. Currently, according to Obama, all three companies for the first time in six years at a profit. And in this merit is not only management companies or the U.S. government, but also the workers themselves, says the U.S. president. He expressed confidence that “American workers – the best in the world.”

Anrey Torbinski
2010-08-06 15:42, Economics.

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