November 11, 2008
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RELATED TICKERS: GM
Market beat has a post on GM, it is officially a small cap now. Those that are down grading it are so late in doing so.
Egad, crude below $60...
It is sad that we may soon see the day that a gallon of gas is worth more than a share of either Ford or GM.
A friend of mine while driving into town (London, Ontario) said he heard "the stupidest Ford ad" ever.
Essentially, they're giving 50 shares of Ford stock to everyone who buys a brand new Ford. LOL! Currently, that amounts to $90! How is that any incentive. My friend is correct calling the ad stupid, because if you were a Ford dealer, what in God's name would possess you to call attention to Ford's stock price?!?
"Hey, come buy a Ford. We're practically bankrupt!"
Marc Faber said on Bloomberg today, the government should pay Honda and Toyota $20 billion to take over these poorly managed Ford and GM. That made sense to me.
Oh well, that issue is not new anymore. And they were known also on creating defective fog lights for their Saab. Fortunately Saab was already sold to another car maker.