Ford Shares Hit Six-Year High on Solid Sales Report Shares in Ford Motor (F) hit prices not seen since the summer of 2004 Thursday, a day after the Dearborn, Mich., automaker reported solid sales for the month of October.

The stock rose as much as 4.3% to $15.83 a share in morning trading on Wall Street. By midday, shares had fallen back to around $15.64. Stocks overall were up in U.S. trading Thursday, driven higher by optimism about the plan by the Federal Reserve, released Wednesday, to pour $600 billion into the U.S. economy through the purchase of bonds.

On Wednesday, Ford reported sales of its cars and trucks rose 19% in October compared to a year ago, as consumers became a bit more upbeat about the economy. While most automakers reported higher sales, Ford outperformed its nearest rivals, General Motors and Toyota (TM), on a percentage basis. GM said its sales rose a modest 3.5%, while those at Toyota fell 4.4%.

Despite its lackluster sales report, Toyota shares were also higher Thursday, ending the Tokyo trading day 2.3% higher. In New York Stock Exchange trading, Toyota stock, traded through the use of American depository receipts, was about 2.5% higher at midday.

The rise in automaker stock prices also follows GM's announcement Wednesday that it's seeking to raise $13 billion in its initial public offering, scheduled for later this month. The IPO values the Detroit automaker at roughly $49 billion, assuming exercise of warrants, Reuters reported. That's on par with Ford's market capitalization of $49 billion.

For the year, Ford shares are up more than 57%. Under the leadership of Alan Mulally, the automaker has turned its money-losing business around and is on track to record its second consecutive year of profitability.


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contrabuster111

Ford stock is going for 16 dollars a share, GM wants to sell their new IPO stock at 26 to 29 dollars a share!! Good luck GM......Nottttttttttttttttttttt!!!

November 05 2010 at 11:11 AM Report abuse rate up rate down Reply
vobox3343

Thank you, Mr. President. Perhaps the Republicans would like to roll back Fortd's success.

November 05 2010 at 10:39 AM Report abuse +1 rate up rate down Reply
lllcln

ford learned faster than general motors about competing with the asains and has done well.thats why toyota,honda,nissan all did so well in the 80,s,90,s against us americans.but they stiil to this day have to do what the asain,s do. they need to open factory,s in countries they are selling cars.when gm learns you want to sell cars in america you put people to work in america and quit outscourcing work outside america then you will see americans buying more gm products.

November 05 2010 at 9:34 AM Report abuse rate up rate down Reply
1 reply to lllcln's comment
Bob

Just remember technology Can't buy the products. Bob

November 05 2010 at 8:34 AM Report abuse rate up rate down Reply
trshaf6

i can tell GM is goverment owned.Just look at the volt,its a joke too.

November 05 2010 at 8:25 AM Report abuse -1 rate up rate down Reply
1 reply to trshaf6's comment
vobox3343

There you go sounding anti-American, Our's is a government by the people for the people. Why are you against that?

November 05 2010 at 10:41 AM Report abuse +2 rate up rate down Reply
help me

obama's motor car company blows

November 04 2010 at 10:46 PM Report abuse -3 rate up rate down Reply
1 reply to help me's comment
William Scott

No you blow. Look at GM, there doing very well thank you. You must drive either a honda or a toyota.

November 05 2010 at 6:35 AM Report abuse +3 rate up rate down Reply
cnsrvativ

I bought Ford stock at $2/share and again at $6/share. I'm glad that the Repubs and Dems passed the "Cash for Clunkers" program. That really helped the auto industry. For those who continually bash our President, you must have a poor memory. While some of the federal loans to banks and others were regretable, they were absolutely needed to prevent an all-out depression. Heck, most of the loans have been paid back with interest. Thousands of jobs were saved. Now we just need to phase out the stimulus program and start working on reducing our national debt. Two wars and a poor economy have certainly taken their toll. But I still have to laugh at all of those naysayers who stayed away from the stock market after President Obama got elected--I laugh all the way to the bank. BUY A FORD!

November 04 2010 at 9:58 PM Report abuse +6 rate up rate down Reply
3 replies to cnsrvativ's comment
contrabuster111

This is good news for me!! I bought 500 shares of Ford stock, at 84 cents a share!!!

November 04 2010 at 7:54 PM Report abuse +7 rate up rate down Reply
renaldo1949

so, are the unions killing the auto industry?

November 04 2010 at 2:29 PM Report abuse -1 rate up rate down Reply
1 reply to renaldo1949's comment
bltcarbiz

They have at least 2 of them.

November 04 2010 at 8:21 PM Report abuse -1 rate up rate down Reply