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mahatmakanejeeves

(57,379 posts)
5. The only car I've ever bought new was a Plymouth Valiant.
Thu Jul 28, 2016, 04:36 PM
Jul 2016

Related (warning - autoplay video):

Earnings

Ford's darkest day in 5 years

by Matt Egan @mattmegan5
July 28, 2016: 12:58 PM ET

Ford just waved a caution flag on American car sales. ... The No. 2 U.S. auto maker warned on Thursday of a growing list of global risks and suggested the previously-roaring American market may have peaked.

"We are seeing signs of a maturing U.S. recovery," Ford CEO Mark Fields told analysts during a conference call.

Wall Street doesn't like the sound of that. Ford (F) stock plunged 8%, on track for its worst day since at least January 2011. The stock is now down 10% this year.

Ford's second-quarter profits were dented by expensive incentives to lure customers -- an industrywide trend the company believes will continue.
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