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Purveyor

(29,876 posts) Thu Jul 28, 2016, 04:31 PM Jul 2016

Ford's Darkest Day In 5 Years [View all]

Source: CNN

Stock plunged 8 percent, down 10 percent for year

By MATT EGAN
Posted: 9:52 AM, July 28, 2016
Updated: 1:34 PM, July 28, 2016

NEW YORK (CNNMoney) - 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 stock plunged 8%, on track for its worst day since at least January 2011. The stock is now down 10% this year.

Read more: http://www.clickondetroit.com/news/fords-darkest-day-in-5-years

17 replies

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Ford's Darkest Day In 5 Years [View all] Purveyor Jul 2016 OP

Add it up... freebrew Jul 2016 #1

This message was self-deleted by its author Cryptoad Jul 2016 #2

This message was self-deleted by its author Purveyor Jul 2016 #3

My bad ,,, swear I saw it, buts it not a dupicate,,,,,, please forgive me,,, Cryptoad Jul 2016 #4

The other automakers better not get all smug. Ford didn't take a bailout. Spitfire of ATJ Jul 2016 #5

Ford made its own bailout jmowreader Jul 2016 #6

The others got to hit the reset button on the taxpayer's dime. Spitfire of ATJ Jul 2016 #7

Dropped to $12.50 safeinOhio Jul 2016 #8

Buy! whatthehey Jul 2016 #9

Scorpion and Frog. Out at @12.80 whatthehey Jul 2016 #13

Lackluster automobiles. I've been buying from Government Motors. onehandle Jul 2016 #10

I disagree titaniumsalute Jul 2016 #11

Bullshit. ForgoTheConsequence Jul 2016 #15

We'll be seeing more reports like this (mostly exaggerated) between now and election day... George II Jul 2016 #12

Approximately one third of all current auto loans are subprime (FICO 550 or lower) LanternWaste Jul 2016 #14

They make their living on the F-150 taught_me_patience Jul 2016 #16

The problem is not the F-150 but SUVs happyslug Jul 2016 #17