G. David Felt
Alternative Energy writer
www.cheersandgears.com
Ford Earnings and Sales - New CEO issues or a wait and see attitude?
Ford stock has tumbled 7% since they released news that 2014 sales would be neutral or down for the year based on weaker sales in Europe and South America. Ford also has stated that North America will be less profitable in 2014 due to investments in new technology and expect operating margins to be 8-10% lower than expected. Stock has gone from a high of 18 dollars in July to just above 14 dollars a share now.
Is this due to Alan Mulally leaving? An inexperienced new CEO?
Total auto sales for 2014 are expected to be between 16 - 17 million new auto's. Far stronger than Fords prediction of 15.9 million. Ford has/had many new auto launches this year and a radical change for the F150 product line.
Is this just a lull of reduced profits to clean out inventory ahead of a banner year for new auto sales that will pay off for years ahead and which would indicate a buyers time for Ford stock? Or is this a indication that not all is right in the Ford camp and bigger issues are on the horizon and Alan fled before having to deal with the problems?
Sounds off on what you think about Ford Earnings and Sales and the direction the company will go in the short and long term.
Stock Info
http://corporate.ford.com/our-company/investors/stock-tools
Investors Relations
http://corporate.ford.com/our-company/investors