Here’s a round-up of Ford Motor Company (NYSE:F) stock briefings from this week. Ford Motor Company (NYSE:F) stocks ended the week at 12.07 (as of 9/3/2010).
Weekly News Roundup: Ford Motor Company (NYSE:F)
Monday 30 August
Ford Motor Company (NYSE:F) will continue to look to emerging market expansion, as it joins with Mazda and invests in Thailand. The $350 Million investment shall be a 50-50 joint venture with Mazda and will help in the production of new Ford Motor Company (NYSE:F) Mazda pickups by the middle of 2011.
The Rayong plant of Auto Alliance Thailand [AAT] will be expanded with the latest investment.
Toshinori Kusuhashi, the president of AutoAlliance Thailand said that “The new investment marks another important step forward in AAT’s development as a manufacturing hub.”
Tuesday 31 August
Ford has made plans to revive its Lincoln brand of cars, which have not been a hot sell this year partially due to a stale brand image.
Ford CEO Alan Mulally announced a plan to revive the brand by introducing seven – yes, seven – new or partly new Lincoln models over the next four years, in order to compete with luxury brands like Toyota, Mercedes-Benz and BMW.
Wednesday 1 September
Ford Motor Company (NYSE:F) reigns supreme in the police car market, where it controls about 75% of the market, and has announced it will begin selling a police version of the Ford Explorer late next year.
The Explorer and a new sedan-version of the Taurus will be offered to law enforcement, the sedan replacing the current Crown Victoria cruiser, which will go out of production next year.
Thursday 2 September
The worst month in auto-history left a number of car manufacturers, including Ford Motor Company (NYSE:F), asking whether this is the bottom of the slump. Though auto sales were down and still declining in August relative to August of last year, one analyst says the auto market has hit bottom.
Scott Painter, chief executive officer of TrueCar.com, an automotive-sales data-marketing company, says this was the worst August for the auto industry in 28 years, which signals the worst might already be behind for Ford Motor Company (NYSE:F) and its friends.
Friday 3 September
It’s well past the mid-year mark and Ford Motor Company (NYSE:F) has yet to make a profit from its new Raptor off-road truck has yet, and believe it or not, Ford may never make a profit from the vehicle.
The company has sold approximately 6,000 Raptors so far this year (at $40,000 per), but will need to sell 5,000 to 10,000 in order to break even. So the question isn’t whether the Raptor is awesome, it’s will the Raptor turn out to be profitable for Ford.
If it is, expect to see Raptor clones hit the market from all the other major manufacturers.
We will continue checking the Ford Motor Company (NYSE:F) stock price for developments over the next few weeks.
