Ford Motor Company (NYSE: F) starts to rise from the bottom. Ford shares crash that occurred in the middle of the bidding stopped. Ford Motor Company (NYSE: F) was 12.97 points, losing points or -0.19 -1.44% still. Ford will introduce a new crossover, and possibly one more compact “SUV” in the near future.
Ford Motor Company (Public, NYSE: F) up 12.72 points, gaining +0.63 (5.21%) to bidding the U.S. stock market Friday. Net profit of the second-largest auto concern in the U.S. Ford Motor Co. in the first half of this year totaled 4.68 billion dollars in 5,61 times more net profit for the same period last year, amounting to 834 million dollars.
Concern can get rid of one more passenger brand – brand Mercury – before the end of this year. The proposal to collapse of sales of cars under this brand will be considered at a board meeting Ford in July. Experts say the decision to close the brand Mercury can indeed be made in a short time – the demand for cars of this brand from its peak in 1978 fell five times: from 579 up to 92 thousand cars (in 2009). Last year, the brand Mercury occupied only 0.9 percent share of the North American market.