Ford Motor Company (NYSE:F) contracted Japanese electronics firm Toshiba to manufacture electrified motors for Ford’s hybrid vehicles. Ford Motor Company (NYSE:F) stocks stood at 11.22 as of 6/22/2010.
Ford Motor Company (NYSE:F) Contracts Toshiba To Produce Motors
The company contracted Japanese electronics firm Toshiba to manufacture electrified motors for Ford’s hybrid vehicles. This will be the first time Toshiba has manufactured this kind of motor outside of Japan. It plans to expand its factory in Houston starting first thing in 2011 and start producing the automotive motors there in 2012 when Ford begins production of its hybrid vehicles.
If you believe this is a good time to make a play on the Ford Motor Company (NYSE:F) shares, make sure you make the trade at the right price. Timing the market or technical analysis is often a fruitless exercise, but do make sure you take into account the historical price data:
Last Price: 11.22
52 Week Low / High: 5.21 / 14.57
50 Day Moving Average: 12.28
6 Month Price Change %: 19.2%
12 Month Price Change %: 101.6%
We will be monitoring the Ford Motor Company (NYSE:F) stock level for developments over the next few weeks.
