Ford Motor Company (NYSE:F) has turned over Volvo brand to Chinese carmaker Geely.
Ford Motor Company (NYSE:F) shares stood at 10.78 at the end of trading on 6/24/2010.
Ford Motor Company (NYSE:F) Watches Competitor Handle Volvo Brand
Ford Motor Company (NYSE:F) signed a deal in march to sell Volvo to Geely, a Chinese carmaker with high hopes to produce and sell the Volvo XC60 sport utility vehicle in China later this year.
It hopes to sell 150,000 Volvos in China by 2015, the Shanghai Securities News said Friday. Ford is watching all of this with $1.8 billion in hand from the sale of Volvo.
If you believe this is a good time to make a play on the Ford Motor Company (NYSE:F) shares, make sure you do it at the right price. Finding a gap in the market or technical analysis can be a fruitless exercise, but do take into account the price history:
Last Price: 10.78
52 Week Low / High: 5.24 / 14.57
50 Day Moving Average: 12.21
6 Month Price Change %: 9.4%
12 Month Price Change %: 99.5%
We will be monitoring the Ford Motor Company (NYSE:F) stock level for developments over the next few weeks.
